• Loan documentation

    Loan documentation governs a number of areas that are of vital interest to a borrower. In this article we look at the most common issues that arise in bilateral loan agreements and how they need to be addressed when negotiating loan documentation.

  • Merging treasuries

    A large number of mergers and acquisitions ultimately fail to add value. We consider factors that may determine whether M&A activity is successful and explore some of the issues which should be considered when integrating two companies’ treasury operations.

  • Career progression

    As treasury departments become increasingly lean, opportunities for career progression might seem limited. With the need for improved financial awareness, however, treasurers are seeing their chances of becoming CFO improve. We examine the qualities a company looks for in a future CFO and explore the attributes needed to make a successful transition.

  • Bank relationship management

    One of treasury’s key roles is to develop and maintain effective relationships with its banks to support the financial needs of the company – however, the nature of bank relationships continues to evolve, not least due to the financial crisis. The main objective of bank relationship management is to ensure access to credit and non-credit services, a high level of quality and support, cost management and the monitoring of risks. In this article we look at the factors currently affecting bank relationships.

  • Setting up a subsidiary in China

    Companies looking to set up operations in China can choose between several different legal structures. In this article we discuss the attributes of such structures in China, exploring their advantages and drawbacks. We also focus on the popular solution of establishing a regional headquarters (RHQ) in China.

  • Treasury and tax

    Tax payments represent a major expenditure for multinational corporations, so it is not surprising that identifying, managing and reporting tax liabilities has moved up the agenda as companies look to reduce costs. In this article, we provide an overview of some of the different types of taxation arising as a result of treasury activities.

  • Setting up a shared service centre

    Shared service centres can play an important role in improving internal efficiency within a large group of companies, and in many cases, act as a stepping stone towards outsourcing. This month, we go back to basics and discuss the benefits and challenges of setting up a shared service centre.

  • Soft skills

    In the current economic climate, companies are looking internally to find ways of improving efficiency, cutting costs and managing risk more effectively. As a result, treasurers have found themselves increasingly under the spotlight. In such an environment, soft skills – in other words, the ability to motivate, persuade and influence others – can be just as important as technical proficiency. We look at some of the most important soft skills and consider how they can be developed.

  • Winning the war for talent

    The treasury recruitment market has gone global and despite the downturn, the search for talent remains competitive. We look at the challenges facing treasurers in recruiting, developing and retaining high calibre staff and consider how these issues can be addressed.

  • Detecting fraud

    Historically some of the greatest financial scandals have come to light during times of economic recession, with the most recent example being the alleged $50 billion fraud at Madoff Securities. When times are difficult, the temptation to commit fraud increases, as does the likelihood of unearthing it: company accounts are scrutinised, and questions are asked. We take a look at the impact that economic crime has on treasury and examine measures that companies can employ to detect fraud.