• Restaurant table with reserved sign

    The world of private placements

    If governments want to help the flow of credit to mid-market companies, they need look no further than the US private placement (PP) market for inspiration. In the US, companies have long benefited from a PP market that is both large and liquid. Can a similar market emerge in Europe, and what are the private placement options for corporates globally?

  • Baseball stuck in a rain gutter full of leaves

    Stuck in the middle with you

    The mid-market corporate community has relied heavily on bank-sourced funding in the past but with a new-found regulation-driven prudency, borrowing is more difficult for such firms. There are newer models of credit in the market and the banks say they are keen to lend, so does the ‘squeezed middle’ still exist?

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    In the mix: corporate funding sources

    Despite the record cash reserves being held by large corporates, securing the right balance of external funding remains a key concern for most treasurers. But with banks constrained by regulation, and the continuing low-yield environment showing no signs of abating, which is the best option – bank loans or bonds? Or perhaps an alternative to these traditional sources?

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    Making your bond debut

    More and more companies are looking to the capital markets in order to fill the big bank-shaped hole in their funding plans. Tapping the capital markets for the first time is not without its challenges, but as the recent experience of one debut issuer shows us, make all the right calls, and you too might come away with record low-cost funding.

  • 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.

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    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?