Treasury Today Country Profiles in association with Citi

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765,000 rooms globally: how do you manage risk?

Wednesday 8th February 2017 at 11:00 EST | 16:00 GMT | 17:00 CET
Adam Smith Awards 2016 Highly Commended Winner – Best Risk Management Solution
Photo of Fred Schacknies
Presenter

Fred Schacknies
SVP & Treasurer, Hilton

This project’s focus on risk mitigation was a Highly Commended Winner in the Best Risk Management Solution category.

Hilton’s story is noteworthy in the degree of turnaround relative to the original problem. They had a large, complex portfolio of intercompany loans, maintained in multiple databases and without a policy governing associated transactions. It had no comprehensive visibility to aggregate positions or exposures. Hilton had no prospective sense of potential FX risk to earnings or cash flow. Lacking that information, it had no ability to mitigate either risk. Today, Hilton’s intercompany loan portfolio has been reorganised and dramatically simplified.

Read the case study: Best Risk Management Solution

Estimated duration: 45 minutes

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Are you ready for the new FX landscape?

Thursday 23rd February 2017 at 14:00 GMT | 09:00 EST | 15:00 CET
Neill Penney
Presenter

Neill Penney
Managing Director and Co-Head of Trading, Thomson Reuters

Facilitator

John Nicholas
Research Director, Treasury Today Group

Following a number of recent scandals, the Bank of International Settlement (BIS) has outlined its new global code of conduct for foreign exchange with an aim to bring confidence and transparency back to the foreign exchange markets. The move will of course mean changes to the FX industry that will have an acute impact on how banks and corporate treasury departments interact.

What do these changes mean for corporate treasurers and how will they impact their FX trading activity? In this webinar, Neill Penny, Managing Director and Co-Head of Trading at Thomson Reuters outlines what this all means and why it may be a good time for treasurers to take a deeper look into their FX activity.

The objective being not only to ensure that treasury is prepared for the new rules, but also to look at ways to begin leveraging best in class analytical tools to conduct a prudent transaction cost analysis (TCA) of all deals and prove best execution, tap into new trading strategies, leverage performance measurement tools in order to demonstrate their worth, meet due diligence requirements and enhance performance.

Estimated duration: 45 minutes

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Are you spending too much time with your banks?

Thursday 2nd March 2017 – time to be confirmed
Adam Smith Awards 2016 Overall Winner – First Class Relationship Management

This project was Overall Winner in the First Class Relationship Management category.

The corporate finance team at this household name used to spend about a third of their working hours with banks and the boss wanted to know why? They implemented a bank relationship tracker to monitor bank engagement and improved their ROI considerably as a result.

Read the case studies: First Class Relationship Management | Best Risk Management Solution | One to Watch | Best in Class Treasury Solution in the Middle East | Best AR Solution | Harnessing the Power of Technology

Estimated duration: 45 minutes

Reaching new heights in treasury

Wednesday 22nd March 2017 at 09:00 GMT | 05:00 EDT | 10:00 CET | 13:00 GST
Adam Smith Awards 2016 Overall Winner – Top Treasury Team, Best Cash Management Solution and Best Financing Solution
Photo of Adam Ben Boukadida Photo of Ricky Thirion
Presenters

Adam Ben Boukadida
Deputy Treasurer, Etihad Airways

Ricky Thirion
Group Treasurer, Etihad Airways

Facilitator

John Nicholas
Research Director, Treasury Today Group

Etihad were successful in two other categories this year in addition to being awarded our Top Treasury Team for 2016.

Under the leadership of Ricky Thirion, Group Treasurer and Deputy Treasurer, Adam Ben Boukadida, the company has delivered a multi-disciplined programme covering payment processing, liquidity management, collections and supply chain finance ahead of a scheduled change to the ERP platform in H216. This was a cross-functional team effort involving treasury, finance and IT.

They also provided a classic lesson in how to issue a Global Cash Management Request for Proposal (RFP) to accommodate the company’s requirements across 71 countries. Having selected two key partner banks, one to cover the Middle East and the other as international partner, some impressive benefits accrued. This project earned them Overall Winner in the Best Cash Management Solution category.

You may also recall this company has won previously with a most innovative solution whereby it used landing rights at London’s Heathrow airport to secure finance. Well, this time it has managed to secure financing ($700,000 6.875% Notes due 2020) along with its equity partners (namely Alitalia, Air Berlin, JetAirways and Air Seychelles) for capital expenditure and investment in fleet as well as for refinancing depending on each airline’s needs. A most impressive and deserving overall winner in the Best Financing Solution category.

Read the case studies: Top Treasury Team | Best Cash Management Solution | Best Financing Solution

Estimated duration: 45 minutes