Best Funding Solution
Many corporates are exploring alternative sources of funding and diversifying their funding sources. With credit still squeezed, corporate bonds have made a comeback in recent months. Has your company issued commercial paper or bonds? Have you looked at panda or Formosa bonds, securitisation, IPOs, crowd funding, peer-to-peer or the private placement market? Whether a single transaction or as part of a company’s overall debt strategy, this category is open to all types of funding.
First Class Relationship Management
This category incorporates any relationship (internal as well as external) managed by the treasury function, such as investor relations, employee relations, ratings agencies, procurement etc., in addition to your core bank(s)/other service provider(s) relationships. The recent economic turmoil has certainly focused the attention on relationships. Perhaps you have introduced a new RFP/bank selection process or had to innovate to maintain credit lines? Are you looking at bank charges, bank account analysis, managing mandates, using digital signatures or eBAM perhaps? Do you benchmark your bank(s) or have you had to change how the treasury function interfaces with procurement or taken a fresh look at investor relations. Tell us your story.
Best Foreign Exchange Solution
This category includes any solution implemented, or in the process of being implemented, which addresses foreign exchange. It could be a single transaction, suite of transactions or a complete change in FX strategy or policy, a hedging program, use of specific instrument(s) or a new FX requirement as a result of entering a new market or dealing with a new client/supplier. Have you entered the emerging markets and, if so, how have you dealt with the recent currency volatilities encountered?
Best SWIFT Solution
This was introduced last year and recognises any solution implemented, or in the process of being implemented, where SWIFT is the primary enabler. It could involve the use of any message type and/or SWIFT access method such as the MA-CUG, SCORE, Alliance Lite, third party bureau, Trade Services Utility (TSU) or 3SKey. Perhaps you have embraced the newer message types such as ACMT (Account Management), CAMT (Cash Management) and/or PAIN (Payments Initiation) – tell us your SWIFT story.