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“The modern treasury group is strategic, collaborates with the businesses it serves, and is using automation, offshoring, and treasury centers of excellence to consolidate and standardise tactical areas,” reported Deloitte’s 2015 Global Corporate Treasury Survey. “Treasurers clearly have strong mandates from their chief financial officers CFOs to be strategic” According to the 2015 Treasury Strategies
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Click here to download the presentation. Click here to access the recording. Forecasting remains the number one challenge for treasury departments in our corporate treasury surveys this year. Although strong forecasting can be a considerable asset in the Treasurer’s ability to effectively manage daily cash and to contribute at a more strategic level, there are
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Foreign banks are paying up for U.S. deposits that many domestic lenders are taking pains to avoid. Mizuho Bank Ltd., Mitsubishi UFJ Financial Group, BNP Paribas SA and Banco Bilbao Vizcaya Argentaria SA are among European and Japanese banks outbidding their U.S. peers for large corporate deposits across the country, said treasurers and chief financial
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Treasury-only money-market funds are the “functional equivalent” of Treasury bills and should be treated as such for purposes of collateral management. That is what is recommended in a recently-published paper, “Collateral Scarcity: An Approach to Preventing Market Stress from Becoming Contagion.” Written by corporate treasury consulting firm Treasury Strategies, the paper makes its case by
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Treasury departments never stop focusing on cash forecasting, but sometimes it ranks higher on their list of priorities. This is one of those times, as factors ranging from volatility in the foreign exchange market and the prospect of higher interest rates to the effects of Basel III regulations renew companies’ interest in having an accurate
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Last year, for example, investors only put in a total $4 billion into money-market funds between May and August. This year, money-fund assets grew by $85 billion between May and mid-August. Mr. Crane said that banks, beset by new capital rules, have recently been encouraging companies and investment funds to keep less money in their
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Corporate treasuries continue to stow the majority of their short-term cash in bank deposits, according to a recent survey, and put the largest chunk of the remaining money into money-market funds, a traditional short-term investment option. But those patterns could change in the next year or so as U.S. interest rates rise and new regulations
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Money market reform in the US has progressed with the speed of a snail on valium. The idea was first floated in 2008 after the Reserve Primary Money Market Fund’s net asset value fell below $1 per share, unexpectedly saddling investors in the “cash-like” instruments with very real losses. The drop triggered a stampede out
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Bank-corporate relationships are beginning to experience big changes as a result of new regulations, such as Basel III. This is likely to accelerate in the coming months, and it behooves companies to build a clearer picture of how they divide business between banking partners in order to steer that process of change, rather than simply
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As money flows into high-quality assets such as U.S. Treasurys, money funds invested in those securities could see more inflows. Anthony Carfang, a partner at Treasury Strategies Inc., said that new banking regulatory rules could aid the funds. He explained that international bank rules are forcing banks to hold more in U.S. Treasurys, which could
