Treasury Forecasting: An Overview Of Practices
4 Things Treasurers Should Be Thinking About If They Accept Payment Cards
The pandemic has forced many businesses to drastically adapt how they do business to survive. Here are 4 steps you can take today to safeguard your payments environment during the pandemic and beyond.
Working Capital Management Is Back at the Center of Priorities for Treasury
According to Olivier Talvard, senior director at Redbridge, improving working capital requires careful execution to achieve its goals while simultaneously protecting the client-supplier ecosystem.
Card acquiring – innovation without increased costs
Pressure from the sales, marketing, as well as digitization, teams to adopt innovative payment solutions and access multiple card networks must make sense from a financial as well as security standpoint. An interview with our experts Mélina Le Sauze and Anthony Schulhof.
COVID-19: Treasury Management System Providers Support Corporate Treasuries
Global TMS providers are stepping up to help treasurers during the COVID-19 pandemic. Here’s how.
French National Bank Manages the Negotiable European Commercial Paper Crisis by Listening to Its Stakeholders
Florence Saliba, Chairwoman of the French Treasurer Association (AFTE) and François Gouesnard, Vice-Chairman of the Finance Commission, provide a positive assessment on the FNB’s action aimed at restoring confidence in the NEU CP market – Interview
State-Backed Loans Are a Financing and Not an Automatic Right
Put in place by the French Government to offer companies easy access to COVID-19 special financial support, the banks are not entirely comfortable with some of the terms and conditions of the measures. They are exercising their normal due diligence, as they would do with any credit applications. Treasury departments should therefore not spend time thinking about the optimal financing structure in the context of more or less rapid economic recovery.
Large caps stay out of the special financing arrangements put in place by governments
Europe’s largest companies are staying away from the special financing arrangements put in place by governments . In France, even before the presentation of the state-guaranteed loan (Prêt Garanti par l’Etat – “PGE”), several large caps had already secured additional liquidity to get them through the first few months of the crisis, such as Airbus, which announced the signing of a €15 billion syndicated loan on 23 March. Other such raising included Schlumberger with a €1.5bn Revolving Credit Facility and Diageo, who launched and priced a USD $2.5bn bond offering.
What Can You Count On? Bank and Payment Card Fees
Amid the chaos of COVID-19, layoffs, furloughs and businesses closing, there are still things businesses cannot avoid, like payment card brand fees, and the need to manage both the current fees and the constant changes put out by the card brands.
The Digitization of Trade Is Increasing in Velocity
How quickly will companies take advantage of the advances in trade related technology that affords them reductions in costs as well as improvements in risk mitigation?
Renewing Your Credit Facility? COVID-19 Update
The COVID-19 pandemic is forcing companies to explore how they can optimize their bank financing while managing the current uncertain environment.
Commodity Traders – What is the Threshold for Liquidity Source Diversification?
Humanity is shaped by its crisis. So is trading, as old as humanity as well. In order to survive, trading will continuously have to adapt to demand and supply shocks, logistical challenges, increase in risk premia and last but not least liquidity available. In fact liquidity has always been and will continue to be the number one risk consideration for any trading company.
Rating Agencies – Between Speed and Precipitation
In the crisis, the credit rating agencies have not all reacted in the same way. An analysis of the three main rating agencies actions since the end of February, shows that Standard & Poor’s (S&P) has been much quicker than Moody’s and Fitch in revising down their views – REPORT
