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Treasury Today April 2013

Published: Apr 2013

Contents

Editorial
Final call to action
Women in Treasury
Diane S. Reyes, HSBC
Question Answered
Cash flow forecasting
Market View
Are a weak pound and yen here to stay?
Insight & Analysis
Corporate investments: still safety first
Problem Solved: Citi
Andreas Liebenow, Henkel
Treasury Practice
A blank canvas
The Bigger Picture
Alfred Marshall
The Corporate View
Michael McGovern, Irish Dairy Board
Regulation
Crunch time
Cash Management
Running in the family
The Bank Interview
Bank of America Merrill Lynch
Back to Basics
Creating and issuing a bank RFP

Editorial

Final call to action

Nominations close at midnight on 30th April

By the time this issue hits your desk, you will have just two weeks left to get your submission(s) in for the 2013 Adam Smith Awards. Our simple ambition is to continue to recognise and showcase the best in corporate treasury practices as demonstrated by you, our readers.

Now in their sixth year, these Awards are firmly regarded as the industry benchmark for corporate treasury best practice and innovation. Previous winners include many of the world’s leading multinational organisations as well as medium and smaller size enterprises from across the globe. They all have one thing in common. It is really quite simple. They have each implemented solutions that have improved their respective treasury functions; in many cases taking them to an entirely new level.

So, if you have recently completed a project that has transformed your business, nominate yourself, your team and your company. There has never been a better time to showcase your accomplishments, to profile the value your treasury function brings to your company and share your achievements with your peers.

We have added some new categories in 2013:

  • Best Foreign Exchange Solution

  • Asia Pacific Regional Award for Best Practice

  • Treasury Today Woman of the Year

This last category is part of our Women in Treasury initiative. We know from our experience operating in this market there are some truly outstanding women who act as an inspiration for all in the treasury profession. So why not nominate yourself, or nominate another female treasurer who has inspired you in your career.

Wei Shi, VP Head of Treasury and Finance at Toyota Financial Services and winner of the Top Treasury Team 2012 told us:

“It was an honour to receive recognition for the work we have been doing. Treasury is sometimes seen as a ‘black box’ and we were able to use the Award to show not only our Toyota colleagues but also our external investors the value of what we do. It also led to us being asked to make a number of industry presentations which was great for the public profile of Toyota Financial Services while internally the Adam Smith Award has boosted morale within the team.

2013 is shaping up to be another tough year and we’ll be back again to try and win more accolades but the competition will be tough. The Adam Smith Awards shine a spotlight on those treasuries that have had the foresight – and courage – to implement best practice processes and solutions. If you have done something interesting in the last year I encourage you to join us in entering. The more of us that enter the more we can learn from each other and recognise the enormous value that treasury brings to the business.”

Enter now

If you have submitted an entry in previous years please do not be dissuaded from entering again this year. Alternatively, if you are a newcomer to these Awards please view this as an opportunity to showcase the projects you are working on within your treasury department.

We look forward to receiving your nominations – which can be made by completing the simple entry form at treasurytoday.com/awards. The celebratory lunch for Award winners will be held at Plaisterers’ Hall in the City of London on 20th June.

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