• Group of people throwing a woman in the air, team building

    Faith in finance

    Islamic finance has been around for a long time. Whether it is seen as an ethical alternative or a means of diversification in the capital markets, it has something to offer corporate treasurers across the globe.

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    Corporate pensions: the treasurer’s balancing act

    In recent years, pensions have not only caused a headache for many corporates but have left a large hole in their balance sheets. Various companies worldwide are now burdened with significant pension deficits, made even more challenging by market volatility and regulatory changes. As a result, the treasury department has been called upon to take a more ‘hands-on’ role in this space.

  • Sun halo in middle Thailand with ferris wheel

    Receivables: overhauling working capital management

    With billions estimated to be tied up in excess working capital, optimising the flow of funds through the financial supply chain will surely continue to be a top priority for European companies in the years ahead. But how are transaction banks, technology solutions and treasury itself, changing in the quest for ever greater working capital efficiency?

  • Busy shopping centre

    Making a success of supplier finance

    Characterised by smoke and mirrors, supplier finance is seen by many as something of a dark art. In reality, it is a practical means of enabling key suppliers to secure an early cash flow injection on better-than-normal credit terms, while allowing the corporate buyer to obtain a longer settlement period, reduce the risk of supplier failure, and increase supplier loyalty. So why does this ‘win-win’ solution still have an air of mystery about it and how can companies make the most of supplier finance?

  • Yellow and black banded snail carrying a tiny snail on back

    Sharing the load

    Interest in distributor finance (DF) programmes appears to be growing among corporates. We examine what is driving this trend and what needs to happen for DF to gain further momentum.

  • Skydiver rolling out of a plane

    BPO: a solution looking for a problem?

    Some experts believe that the arrival of the bank payment obligation (BPO) marks the biggest change in international trade settlement in over 30 years. But what exactly is the BPO and what does it have to offer for corporate treasurers?

  • Lock on top of credit cards to symbolise security

    Best practices in refinancing

    Interest rates remain low for the moment, but with the global economy showing signs of improvement higher borrowing costs may soon be a reality. As a result, companies with debt coming into maturity in the next few years are likely to be thinking about renegotiating borrowing terms with lenders and locking in cheap debt. But what is the key to securing the most favourable terms? In this article we ask two corporates and two banks what they think defines best practices in refinancing.

  • Beautiful horse shoe lake

    Private placement market

    The private placement (PP) market in 2012 had a record-breaking year in terms of issuance, with global supply soaring 23% year-on-year, hitting $56.1 billion. Whilst 2013 started off slower, as the half-way point beckons volumes are picking up rapidly. With oversubscription common and the sub-3% coupons being seen, the environment is ripe for issuers. But what should a treasurer know about PPs before leaping in?

  • Old man walking through a country road in autumn

    Demystifying corporate pensions

    The basic concept of a pension fund is simple, but there are many pressures applied to the different scheme-types and these make it a far more complex matter than most would care to tackle. What are the issues?

  • Close up of a low frequency subwoofer speaker

    Corporate bonds: boom, bubble or bust?

    Corporate bonds were last year’s must-have asset class – and the market for it seemingly had something to offer everyone. For investors, corporate debt provided higher returns than government debt, but with less volatility than equities. For corporates keen to move away from bank debt, record low-yields presented a great opportunity to lower their borrowing costs. But with a changing macroeconomic backdrop, will the bullish trajectory continue in 2013?