How 2022 Will Transform Your Treasury Department
Trading in the energy transition times
Mihai Andreoiu gives his perspective on the recent TXF Geneva conference focused on Commodity Trade Finance and his takeaways related to the overall global trade context and ESG lender focus vis-à-vis the commodity traders.
Why Treasurers Can’t Ignore the New ISO 20022 Standard
Our treasury consulting team recently invited six vendors: Cegid, Diapason, FIS, Kyriba, Neofi, and Sage to a workshop focused on the migration to ISO 20022. At this event, they sat down with our experts, Iris Rousselière and Jéromine Adler and discussed their thoughts on this transition as well as how companies can benefit from it.
“How companies can maximise the interest they earn on their cash deposits”
The recent banking turmoil reminds everyone just how important it is to be managing counter party risk. This disarray also demonstrates the strategic nature of deposits for financial institutions. According to Alexandre Bousquenaud, one of the key objectives treasurers should focus on in this environment is negotiating their yield on cash balances to take advantage of ongoing monetary tightening.
“Funding issues companies need to consider in 2023”
In 2022, Didier Philouze, Head of Debt Advisory at Redbridge, and his team raised more than €10 billion of financing. In this interview he looks back at the past year in the debt markets and considers what may be to come in 2023
The New ISO 20022 Timeline
Initially scheduled for the end of November 2022, the start of banks’ migration to the ISO 20022 standard for payments has been postponed by a few months. Rather than just being something new to comply with, the standard will enable banks to provide new services to businesses thanks to the enriched information that this payment format involves, and there will also be big benefits for corporate. Here’s what we found out about ISO 20022 during SIBOS in Amsterdam last October.
A Guide to Payment Architecture for Merchants
With such a fast-paced and everchanging payment ecosystem, there are no providers that can cover everything a merchant may need. So, how can merchants turn this challenge into a competitive advantage? It all starts with understanding and leveraging payment architecture.
Open Banking and the Need for Instant Treasury
Instant treasury is becoming more of a necessity as treasurers are increasingly looking for solutions that allow real time visibility on their cash positions. At the same time, open banking has become more accepted by many organizations as a result. So, what exactly is instant treasury and how can it be leveraged properly?
Trade Finance – Some takeaways from GTR Commodities 2022 Geneva
The yearly GTR conference brought about the usual crowd of CFOs, treasurers, corporate trade finance managers, bankers, insurers, lawyers, consultants and system providers. There was no particular overarching theme and the general atmosphere was rather positive. A few “usual” themes caught my attention:
Treasury Dragons – Turning Bank Data Into Decisions
Bridget Meyer faces the Treasury Dragons in a live session that looks under the hood of the best-of-breed bank fee analysis systems, including a live Q&A with real corporate treasurers.
Banks Are Upgrading Their Billing Systems – Is Your Bank Fee Software Ready?
In the last 12 months, we have seen unprecedented amounts of changes to bank fee reporting due to bank mergers, system upgrades, bank fee rationalization projects, and the new AFP2020 Service Code rollout. How do you prepare your billing systems to manage these changes to your pricing agreements and confirm their impact on your bottom line? Depending on your vendor, this responsibility may fall on you. Watch our webinar hosted by our experts Bridget Meyer and Dave Strand to find out if your software is ready.
The BSB Files – Understanding Bank Services Billing
To dive deeper into the topic of bank fee analysis, we decided to dig into the Redbridge archives and compile a list of our most relevant articles.
Witnesses Spar Over Swipe Fees at Senate Hearing
Banks and credit card companies sparred with consumer advocates and merchant representatives at a Senate hearing on interchange fees, the fees charged to merchants – and ultimately customers – for using credit cards. The hearing was led by Sen. Dick Durbin, Democrat of Illinois, with a panel of witnesses comprised of consumer advocates and executives from banks and credit card companies.
Spring 2022 Card Brand Changes
The card brands – Visa, MasterCard, Discover and American Express – make changes to their interchange rates and fees twice a year, usually in April and October, and are generally non-negotiable. This article highlights the major changes introduced in April 2022. Unless otherwise noted, all of these changes are effective 4/22/2022.