In January, French Treasury and the French banks agreed to offer companies that raised a PGE (prêt garanti par l’Etat — French State Guaranteed Loan) an additional one-year deferred amortization. Muriel Nahmias, Senior Director Debt Advisory at Redbridge, provides an update on this grace period and the options for extending PGEs.
Since 2007 the EU has had a single payments market, with common rules and limits on card fees. As a result of Brexit, the UK no longer comes under EU regulations, and both card schemes and card issuers are free to increase the fees they charge on card transactions between the European Economic Area (EEA) and the UK, and on domestic transactions in the UK. Higher charges could represent a significant burden for merchants at a time when the retail sector is facing unprecedented pressure.
“We always wanted to be prepared for the worst-case scenario”, Arnaud Winkelmann – Compagnie des Alpes
On 4 March, Redbridge chatted to Arnaud Winkelmann, Director of Finance and Treasury at Compagnie des Alpes, about financing and cash management in times of crisis. On the agenda were financing strategy, state-backed loans, waivers, savings, electronic payments and cash management.
“We had an immediate return on investment on our bank fee monitoring software”, Frédéric Capraro – RTL Group
Frédéric Capraro, Senior Project Manager for Treasury at RTL Group, presents how our Redbridge Analytics fintech helps his organization to visualize, control and reduce bank charges on a daily basis.
While the massive roll-out of vaccines against Covid is raising hopes that the ongoing global health crisis will soon be resolved, there’s still considerable uncertainty about the long-term consequences of the pandemic on the economy. CFOs and treasurers will need to be resilient and act with rigour, innovation and boldness to seize the opportunities to be found in 2021.
The world often appears large and disconnected, with differences of religion, culture, language and currency that reinforce our independence. Despite these perceived differences, we are, in reality, linked closely together. Our points of connectivity expand with each technological advancement –write Justin DiCioccio, Redbridge Senior Analyst, and Constance Veron, Redbridge Associate Director.
Packaging specialist Albéa has completely redesigned the local organization of its financing and treasury operations in the United States. Interview with the Group’s finance and treasury director, Olivier Bouillaud.
“Large card networks remain essential elements of the pipeline, but they have not moved much as yet.” Charles Lutran – Critéo
Interview with Charles Lutran, Group Treasurer at Criteo
Redbridge interviewed seven treasury software vendors on how their payment systems need to evolve in order to integrate instant transfers. Solenn Le Lay, Director at Redbridge, focuses on the challenges of providing this new payment method for businesses.
There are still obstacles to instant transfer payment, including a lack of harmonization and standardization at the European level regarding banking APIs (application programming interfaces). Nevertheless, payment service providers (PSPs) wish to innovate and develop a wide range of solutions to meet the needs of their customers, says Manon Balette-pape, Director at Redbridge.
Biggest companies using deconsolidation transactions under established and recurring factoring programs or end-of-year or half-year “spot” transactions earn an average of at least 0.3x leverage, according to our experts Hugo Thomas and Olivier Talvard.
The pandemic has demonstrated the value of mobile payment solutions in helping mitigate the risk of virus transmission at points of sale. For Mélina Le Sauze, Director at Redbridge, the challenge for every retailer is no longer whether or not to accept mobile payment solutions, but to determine without delay which ones are best suited to their business and the needs of their customers.