Treasury & Cash Management

Global companies continue to hoard cash at record levels, as worrisome economic conditions hamper investment in operations and investors demand ever-increasing capital returns. 

Demands for tech-enhanced service, a younger cohort of clients and worldwide regulation are driving innovation.

With interest rates in the gutter, large corporations are looking to put their excess funds to good use.

Michael Albanese, global head of collateral management at JPMorgan Chase, talks about how collateral management is changing and gaining acceptance in new quarters.

As sovereign issuers tried to lock in record-low interest rates ahead of any increases by the US Federal Reserve, a record amount of new sovereign bonds was sold in the first part of 2016.

A squeeze on earnings and a rise in funding costs have persuaded many US companies to commit less cash to buying back their own shares this year.

Forget about the hoards of cash held by some US nonfinancial corporations. For most of them, their biggest worry may soon be their debt.

Elisabeth Mosseen, group treasurer, and Eva Christianson, head of risk analysis and control at group treasury, both at Volvo Car Group, chart their treasury’s transformation from a division of Ford to a stand-alone outfit.

Capital Markets | Foreign Exchange
After years of bemoaning the negative effects of the strong dollar on their revenue and earnings, US-based multinationals are singing a different tune.

Coca-Cola’s director of international treasury services, Jim Aschmeyer, explains how a strong relationship with Citi aids innovation and cash management. 

Corporates today need more agility to meet regulatory requirements and manage volatility, hence technology plays a growing role in treasury departments.

Capital Markets | Fixed Income
China’s $7.4 trillion onshore bond market, the third-largest in the world, is opening to foreign institutional investors in the latest step by China to integrate its capital markets into the global financial system.

Monetary Policy | Capital Markets
Casting aside concerns about the strong dollar and weakness in economies abroad, the Federal Reserve achieved an historic interest rate liftoff in mid-December.

With interest rates bottoming and the market jittery, treasurers are seeking more unconventional and versatile means for managing stockpiled war chests of liquidity.

Real-time payment remains the holy grail of global transaction processing. And like the grail, it remains elusive.

Yin Fong Lum, global head of product management for cash management and trade finance, Global Transaction Services, DBS Bank, lays out the benefits and challenges of regional treasury centers.         

 A raft of new regulations around the world is changing how treasurers manage cash.

Introduction
The strong US greenback is making life difficult for corporate treasurers.

Banks are ramping up services to meet client needs.

Global Finance explores the tech future of Payments and branding with Deniz Devrim Cengiz, head of digital banking at Türk Ekonomi Bancasi (TEB), (BNP Paribas Turkey)