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.
“KYC4Corporates will help companies connected to SWIFT to reduce their compliance costs” – Marc Delbaere, SWIFT
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.
Many treasury software vendors strive to offer reliable and efficient modules to anticipate cash inflows and outflows. In addition to Treasury Management System tools, stand-alone solutions for managing and optimizing WCR are being developed. These niche solutions are designed to improve the management of the purchasing cycle (P2P) or sales cycle (O2C). Overview.
Commodity traders have a mutual interest in improving the overall risk perception of their sector and its practices. It is also important to understand what’s driving the banks’ lending decisions, says Mihai Andreoiu, Senior Director at Redbridge.
The Pierre Fabre Group has secured recurring access to market financing while staying true to its identity. In late June, the finance division of the group, which specializes in oncology, dermatology, public health and dermo-cosmetics, completed its inaugural issue of NEU CP (Negotiable EUropean Commercial Paper) securities amounting to €30 million. This was soon supplemented by a second issue that brought the group’s negotiable debt securities program up to its ceiling of €50 million.
“Trading activity necessitates a consolidated vision of all of the transactions processed at each moment in time”, Malik Dahmoune, Finelia
As part of our series of articles dedicated to the selected audience of commodity trading firms, Malik Dahmoune, founder of Finelia, explains the challenges of automated monitoring of trade finance operations and the prospects for modernising the business opened up by the digital revolution. To explore the topic further after reading this interview, download our new study by completing the form at the bottom of the page.
AFP 2018 Speaking Session – Slideshow – What is the impact of a company’s ratings on public capital markets, its banks’ internal profitability assessments, and its banking relationships? The answer allows treasury practitionners to more effectively manage bank relationships as well as to understand the key components to consider when allocating business to banks.
Slideshow – Hear how Uber worked with their banking and software partners and used the new 2018 AFP Global Service Codes to gain insight and visibility into their cash management banks spanning 57 countries.
Redbridge is excited to be presenting insights pertaining to Global Treasury and Cash Management, including optimization of bank cash management and payment card fees as well as our next generation of bank fee monitoring software, HawkeyeBSB. Don’t miss our two speaking sessions! We look forward to speaking with you at Booth #609, where members of Redbridge will be located.
With increasing global regulations on KYC, corporate treasurers are seeking some standardization and simplification in a process that also causes a great deal of administrative red-tape at banks in their efforts to comply with ever expanding regulatory requirements.
The U.S. Private Placement market saw record volumes last year, with investment grade deals continuing to dominate the market. While relatively spread differential and weak covenant packages keep traditional investors out of the non-investment grade market, some investors do have appetite for well-structured deals.
The Dallas Sheraton | April 08-10, 2018 – Redbridge is excited to be presenting insights pertaining to Global Treasury and Cash Management, including optimization of bank cash management and payment card fees as well as our next generation of bank fee monitoring software, HawkeyeBSB.