Business Briefing

  • Balancing investment return and liquidity cover

    Establishing a methodology that enables a treasurer to better understand and react to corporate liquidity requires considerable thought and discussion; there is no one-size fits all solution because no two sets of business needs are exactly alike. That said, it is possible for an individual corporate to construct an accurate picture of how its cash and investment needs can be balanced for both safety and return without losing liquidity cover.

  • Managing liquidity through periods of rising interest rates

    Investors have grown accustomed to an environment of record low interest rates. However, comments from the world’s major central banks, coupled with improving economic growth expectations, suggest that investors may soon have to adapt to a changing rate environment. For those investing for the short term to meet cash management needs, ensuring preservation of capital and maintaining liquidity as interest rates rise is a key priority. An understanding of how different cash-like investments are affected by rising rates can help treasurers position their portfolios to achieve this.

  • Managing liquidity through periods of rising interest rates

    Investors have grown accustomed to an environment of record low interest rates. However, comments from the world’s major central banks, coupled with improving economic growth expectations, suggest that investors may soon have to adapt to a changing rate environment. For those investing for the short term to meet cash management needs, ensuring preservation of capital and maintaining liquidity as interest rates rise is a key priority. An understanding of how different cash-like investments are affected by rising rates can help treasurers position their portfolios to achieve this.

  • Diane S. Reyes, HSBC

    Why using the renminbi can help companies cut costs and grow

    At present just over 10% of China’s trade is conducted in the renminbi (RMB), but this percentage is expected to at least triple in the next two years. Corporate treasurers should be taking full advantage of the benefits of China’s currency liberalisation programme and actively taking part in shaping its future direction. But what, exactly, are the benefits of trading with RMB?

  • Business Briefing: How do you manage inflation uncertainty?

    The Bank of England (BoE) has missed its 2% inflation target for the past 41 consecutive months. How will it manage the inflation environment going forward, and how should corporates analyse and quantify their explicit and implicit inflation risk?

    Aled Patchett and Andrea Loddo of Lloyds Bank propose an approach that treasurers may adopt in order to determine their net inflation exposure and the most effective response in different inflation scenarios.

  • Globalising corporate liquidity structures to maximise potential funds

    The shifting focus of global commerce and a changing and variable regulatory environment are driving businesses to look much closer at their liquidity and risk management processes. While many multinational organisations are currently flush with cash, they are concerned with optimising future sources of liquidity. This is forcing companies to focus on improving their approaches to be able to make use of internal funds, while optimising and controlling the deployment of excess cash. Given these dynamics, the distributed regional and currency specific liquidity structures are no longer in favour.

  • From practitioner to strategic partner: the treasurer’s evolving role


    No one can deny that the last five years have significantly changed the profile of the corporate treasury department and its key personnel. Indeed, much has been written about the expanding responsibilities of the corporate treasurer, and their elevated status in the eyes of the C-suite. But how can the treasurer leverage this increased exposure to drive value throughout the business, and in the process add interesting new dimensions to their role?


  • Three steps to better receivables management

    Multiple collection types, format inconsistency, and a lack of intelligible remittance data. These are all familiar challenges in the field of receivables management. But by eliminating paper, leveraging SEPA and automating reconciliation, corporates can streamline their receivables process, and wave goodbye to these unnecessary headaches.

  • Integrating global cash and risk management: it’s easier than you think

    Whether your company has recently made international acquisitions which entail procedural and technological challenges, or has legacy inefficiencies, it is never too late to look at wholesale reengineering of the treasury function. In this Business Briefing we follow the journey of Live Nation, the world’s largest entertainment company, to consolidate its numerous bank accounts and relationships, while electronifying and centralising its treasury operation.

  • Eurozone crisis: survival of the fittest

    Times are tough, as we have clearly seen over the past few years. ‘Black swan’ events are not infrequent anymore. Five years ago, who could have imagined sovereigns nearly going bankrupt and the Eurozone on the verge of collapsing? In this Business Briefing, we assess the different possible Eurozone break-up scenarios and their effect on the financial world. In particular, we highlight the considerations that corporates would need to take to survive in times of stress.