• Compass on beach rocks in the sun

    A quick journey around SWIFT

    Few in treasury have not heard of SWIFT. It’s a complex beast that some say is run by banks for banks. We go back to basics, picking out the key elements and trying to unravel the mysteries of this global infrastructure.

  • Person running up the stairs towards the city

    Exercising options: getting back to basics with derivatives

    Revered and reviled perhaps in equal measures, derivatives have been traded for many years as both a risk mitigation tool in their simplest form, and as an instrument of profit generation in their more exotic incarnation. Treasury Today goes back to basics on this multifaceted topic.

  • Person using digital phone to send information

    Best in class payments and collections

    Many treasury departments already benefit from payment and receivables on behalf of (POBO and ROBO) structures. However, many others are still striving to reach this level of sophistication. Here, we go back to basics to find out how these structures work and how treasury teams can adopt them.

  • Bond market graph

    Preparing for a corporate bond issue

    Favourable conditions in the capital market could tempt more treasurers to consider issuing corporate bonds. What does the process involve, and what should treasurers bear in mind when embarking on an issuance?

  • Business meeting taking place in the afternoon

    Welcome to the syndicate

    A syndicated loan is often part of a wider financing strategy, allowing a company direct access to both banks and institutional investors. But why might a corporate use a syndicated loan and how are these arranged and managed? We go back to basics to find out.

  • Lighthouse at dusk with searchlight beaming

    In a decent proposal…

    When the time is right to introduce or replace a key part of your treasury technology or to establish a major new banking or service relationship, the selection process can be demanding. Treasury Today considers a key part of any major project: the Request for Proposal.

  • Coins spilling out a piggy bank vase

    Cash segmentation and investments

    A successful treasurer is one who achieves a good balance between investing excess cash and delivering the necessary cash resources to support company liquidity. In this article, we look at how categorising cash into separate portfolios enables consideration of the risk/return profile necessary to meet the company’s liquidity requirements.

  • Science molecule model structure

    Structuring commodities

    History is littered with examples of the transformational power of commodities. The Californian Gold Rush of the 19th century, for example, converted a handful of small frontier settlements on the US West Coast into big cities as hundreds of thousands of people travelled from around the world to make their fortune.

  • Scubba diver plunging into the deep sea

    Plunging into the cash pool

    Multicurrency liquidity management in a volatile economic environment is a challenge but tools are available to help mitigate risk, lower costs and maximise efficiency. Treasury Today goes back to basics with the notions of pooling and sweeping.

  • Cute west terrier dog with goggles sticking their head out of moving car

    Treasury’s companion

    A treasury policy allows the treasury team to conduct activities with the level of flexibility needed, defined by accepted parameters. At least, that is what’s meant to happen. In this article, we look at the importance of exception handling and regular reviews to ensure harmonisation with market and business developments, amongst other priorities, to explore the fundamentals of what a good treasury policy should cover.