Business Briefing

  • Welcome to the future of cross-border payments

    What do you think will be the biggest disruptive force in the payments industry in the coming years? Most treasurers, when they learn about the SWIFT gpi initiative, are left in little doubt: SWIFT gpi will bring a renewed client experience for users of cross-border payments.

  • Peggy Yankovich, HSBC

    Cards strategy: an integral part of effective payments management

    Historically corporate cards have fallen under the purview of the Travel Manager, with specific programmes and providers being chosen via a standard tender process overseen by Purchasing. However, as businesses continue to look for simplified payments processes and the ability to gain more control over working capital – cards-based payments are increasingly becoming a more logical fit within Treasury and Finance to support a holistic payments and cash management agenda. By moving beyond travel and entertainment (T&E) and other day-to-day business expenses, cards can be a vital tool in a company’s payment mix for reducing costs and improving supplier relationships.

  • 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.