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.
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.
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.
Get up to speed on the fall 2019 card brand updates and how they may affect your business
A brief Q&A with Thierry Sebton at 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.
In many treasury organizations, bank fees are simply left unchecked. We all know we should be monitoring them, but most of us run out of time or energy before we can tackle the problem. We have found time and time again that with the right abilities, a treasury professional can have a great impact on their company’s bank fees and get themselves recognized as a treasury ‘superhero’ in the process.
NAVY PIER CONVENTION CENTER, CHICAGO, IL. | Redbridge is excited to be presenting insights pertaining to Global Treasury and Cash Management. Don’t miss our educational session with Dan Gill!
Redbridge is delighted to announce the acquisition of substantially all the assets of Vizant, a U.S.-based advisory firm specializing in payment cards. The transaction creates a leading global advisor in the fast-growing payment card landscape, uniquely equipped to support merchants and companies in their journey towards digital transformation. Watch our short clip to find out more.
Power Up Your Next Bank Relationship and Fee Review. As a treasury professional, having visibility into costs is a starting point for negotiation and cost-saving opportunities with your banks.
Marriott Woodland Waterway | April 7 – 9, 2019 – Redbridge is excited to exhibit at TEXPO in Houston, Texas.
Mihai Andreoiu, Senior Director at Redbridge, is a big fan of borrowing base structures as a superior form of financing for commodity players. Here are the reasons why he certainly hopes to see more such deals coming to market.
In November 2018, the Visa and Mastercard networks offered to reduce inter-regional multilateral interchange fees (MIFs) in Europe by at least 40% in response to the European Commission’s competition concerns. These fees apply to payments made in the European Economic Area (EEA) with consumer debit or credit cards issued outside the EEA. An example of such a payment would be an American tourist using a Visa or Mastercard card to pay for a restaurant bill in Belgium.
The SWIFT network is set to extend its KYC solution, which is currently used by 5,000 banks for correspondent banking activities, to companies. It aims to offer the 2,000 companies connected to the network a structured information exchange solution – one that is already used by partner banks for customer verification processes – by the end of 2019. Interview with Marc Delbaere, SWIFT’s Head of Corporates & Trade.
