Research conducted by gtnews on behalf of ABN AMRO reveals that, although 49% of companies claim to have centralised their liquidity management on a global basis, a much smaller proportion have actually centralised their daily cash balances, leaving a large opportunity for companies to unlock cash across their operations. The research was conducted during June 2007 through an online survey with 211 finance professionals, of which 190 are corporates based in Asia, Europe and US. The survey was followed up with selected in-depth interviews. Inter-company funding was the most frequently centralised liquidity function with 40.5% of respondents saying they centralise this on a global basis, compared to 37.9% for FX hedging and only 12.6% for daily cash balances. Willem van Alphen, head of global cash pooling, transaction banking, ABN AMRO said: “Today’s automated liquidity management tools such as sweeping, multibank cash concentration and cross-currency notional pooling, are making it possible to move positions across a group of accounts, locations and currencies into a single global cash position. As the regulatory environment evolves, we expect more and more companies to be looking at these capabilities.” The research findings were presented at the EuroFinance Cash and Treasury Management event in Vienna on 18 September 2007.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more