Treasury Forecasting: An Overview Of Practices
There is still appetite for highly-rated corporates, but the size of financing must be consistent with a company’s business plan. Since last summer, credit committees have been becoming increasingly cautious and this trends looks set to continue, writes Muriel Nahmias.
Understand your risk positioning to secure the best investment terms
Olivier Grandval, treasurer at Louis Dreyfus Company, discusses how SWIFT gpi simplifies the daily work of the treasury team of his group that trades in agricultural commodities. For him, improving the traceability of cross-border payments opens up new opportunities for bank relations and cash flow forecasts.
We have reached the tipping point in bank billing transparency globally, and it is exciting. The vision of creating a global standard for bank fee reporting started with a few individuals willing to do the work, a few large corporations willing to apply pressure, and a few global banks willing to be leaders in providing transparency to their customers.
When we think about how bank fees are being treated in the U.S., there is something very unique that, regardless of your company’s size, industry or banking partners, if you operate in this country, your bank fees will inevitably be tied to your operating balances through an earnings credit rate (ECR) mechanism.
By the end of the calendar year (and for many of us, fiscal year-end), we have a growing mountain of tasks to complete – close the books, conduct our annual budgeting exercise, get ready for the audit, and review upcoming changes to regulations that may affect our cash.
Key takeaways from our educational session at AFP 2019
A brief Q&A with Thierry Sebton of Accola
While credit rating agencies have not yet changed their central scenarios for credit default rates, they appear to be growing more nervous in the face of changes in the economic cycle and the resurgence of volatility against a backdrop of greater geopolitical uncertainty.
Following pressure from the European Commission, Visa and Mastercard pledged last year to cut their European interregional multilateral interchange fees by at least 40%. The two international networks will honor their commitment on October 19, 2019, according to banking sources.