At the moment there is an over supply of money being offered by lenders to would-be corporate borrowers. One reason for low level of interest rates is unusually weak demand for credit from the corporate sector driven by the lowgrowth prospects. Treasurers should consider constructing risk management policies for interest rates that although may be low, may be subject to volatility. Treasurers should be reviewing whether they have the correct working capital management policies and balance sheet structure in place. It remains to be seen whether treasurers will rediscover an appetite for debt.