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Honesty is proving to be the best policy for a worn-out father of three. His eBay listing for a green double pushchair had a starting price of just £9.99 and, with seven days left, is receiving bids of over £156,505, thanks to his hilariously candid description.
With a game of ‘musical chairs’ taking place at the executive level of many of the big banks in Asia and a handful of international players forced to cut-back their offerings in the region, it is certainly a dynamic time for the sector. But how is this impacting treasurers’ bank relationships and should they be concerned?
The fall in the price of oil has been one of the big market stories of the past year. But how can treasurers help their companies leverage the opportunities of lower energy input costs?
As the IRS moves ahead with plans to leave no stone unturned in its quest to bring home tax revenue from all US persons wherever their money is lodged, Foreign Financial Institutions (FFIs) will start to feel the heat this year as some key FATCA deadlines approach. But what does this mean for corporate account holders with overseas interests?
GE required a solution to streamline the sale of its accounts receivable (AR), which were due from a large pool of buyers/distributors in China – across different business units, with different terms of sale.
Amway (China) needed to upgrade its treasury operations and control mechanisms. Specifically, the company wanted to enhance operational efficiency with an innovative, automated, host-to-host collection/payment solution to support its e-commerce business model.
This is the latest in a series of innovative projects undertaken by TRW’s treasury team. The company has also been actively adopting other new products and schemes, such as mobilising cross border flows using RMB capital injection, shareholder loans and dividend payments.
Managing cash in China and repatriating trapped cash out of the country has been a long-standing dilemma for companies like Bunge because of regulatory restrictions. However, the People’s Bank of China (PBOC) recently issued liberalised rules that enable companies to enhance their treasury management in the Shanghai Free Trade Zone (SFTZ).
The Microsoft WOCS team have demonstrated best practice in managing the challenges that each country in Asia Pacific presents. Through developing a clear process and leveraging local and international knowledge the team has successfully billed in a number of local currencies, giving Microsoft more ability to win business locally.
In the design and development of the platform, the company consulted leading industry peers such as BP, Shell, Total and GE to learn about their experience and best practices in treasury management. The outcome of this learning is a highly original, customised framework that addresses the specific strategic and operational needs of CNPC.