Hannover Re, third-largest reinsurer in the world, has implemented @GlobalTrade Standby L/C Guarantee Issuance System for handling outgoing standby letters of credit (L/C) globally. The system has been installed in Hannover Home Office and integrated with internal data base systems.
“GTC’s product has convinced us by its completeness,” said Gerhard Lubitz, general manager collateral management, Hannover Re. “During installation phase and throughout the project customer service from GTC met our expectations at any time. Despite the fact that GTC is located in Canada and we are in Germany, we felt that they were always next door.”
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.