Holmen Group in Stockholm, Sweden has implemented functionality for handling electricity contracts in their existing SYSTEM10 treasury system. The Electricity Module will handle OTC contracts, futures, forwards , as well as Nordpool contracts, futures, forwards, and options. ‘System10 has been our treasury system for many years. As the market for electrical power now in many ways is a financial market, it was natural for us to concentrate all our financial risks in the same system’, says Anders Almgren, CFO of the Holmen Group.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.