Accepting Crypto Currency in Corporate Treasury

As more treasuries will have to start accepting crypto, whether it be an emerging market like El Salvador, for digital assets, NFTs and other goods that are sold in the metaverse. This report explores the experiences of treasurers in setting up their systems to accept crypto currency

This report is based on two treasury peer calls chaired by Simon Jones and was compiled by Monie Lindsey.

The full 14 page detailed report is available to subscribers in our Report Library.

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AML & KYC in Corporate Treasury

KYC (Know Your Customer) and AML (Anti Money Laundering) – two necessary evils of present day banking. But are banks doing enough to help their clients? The report explores the problems &  frustrations caused by: Lack of consistency in data requirements, Frequent repetition of requests, Conflict with data privacy laws, Lack of flexibility, RMs (Relationship Managers) unable to relax requirements, For AML: payments held up for no apparent reason, and not consistently.

This report is based on two treasury peer calls chaired by Damian Glendinning and was compiled by Monie Lindsey.

The full report is available to subscribers in our Report Library.

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Libor Replacement Project Update

The saga continues. As various deadlines approach, and in some cases are delayed, the debates and uncertainty continue over what benchmarks will replace the various LIBOR benchmarks. This report (12 pages) details the outstanding issues for six MNCs including intercompany loans, TMS upgrades and accounting issues for hedges and swaps.

The report is based on a Treasury Peer Call chaired by Damian Glendinning whose summary appears below.

The full report, compiled by Monie Lindsey is available to subscribers in our Report Library.

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Treasury & FX in Colombia & Peru

This report on Treasury & FX in Colombia and Peru is based on an expert confidential Treasury Peer Call in which senior treasurers from Latin America, the USA and Europe shared their approaches and experiences. Although the countries are amongst the least complex from a treasury perspective in the region, there are still concerns about FX volatility due to political uncertainty.

This report (key take aways below) was compiled by Monie Lindsey based on a Treasury Peer Call chaired by Damian Glendinning.

The full report is available to subscribers in out report library.

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Accepting Bitcoin in Corporate Treasury -Lessons from El Salvador

For a short period in September, El Salvador dominated the news headlines with its adoption of BTC as legal tender – and with the practical confusion which ensued, as this did not appear to have been well planned. We wanted to catch up with treasurers in the region to learn from their experiences, and see what may be in store in other countries, as cryptocurrencies will see wider adoption.

This report is based on a Treasury Peer Call chaired by Damian Glendinning whose commentary appears below.

This report was compiled by Monie Lindsey

The full report is available to subscribers in our Report Library.

To find out about subscription and other services, please get in touch.

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Treasury & FX in Lebanon

Sadly, Lebanon is showing all the signs of extreme financial and political disarray. After years of bloody civil war, the country went through a period of rebuilding and prosperity – but all the old animosities have come back to the surface, and things are falling apart. 

The signs are all familiar:

  • No foreign currency available to pay for imports, with long delays as the central bank rations dollars and euros. The usual areas – basically, health related – are receiving preferential treatment, but even they are experiencing delays
  • A black market exchange rate which is considerably higher than the official one (ten to eleven times). The central bank is refusing to discuss what a possible future exchange rate may be.
  • Difficulty in obtaining credit lines or even making deposits with banks

This report, compiled by Monie Lindsey is based on a Treasury Peer Call chaired by Damian Glendinning.

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HR Challenges of Global Treasury

The twin challenges of being a people manager and handling essential cross function communications have always added to the technical and strategic demands of being a treasurer – and these have become more difficult with COVID and remote working. This report explores the approaches of five senior treasurers from Europe.

The peer group discussion was chaired by Damian Glendinning.

This report was compiled by Monie Lindsey.

We are happy to share a copy of the full report FREE, please contact us and mention ‘HR Report’ in your message.

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Treasury & FX in Egypt

To produce our report on Treasury & FX in Egypt we brought together practitioners from the Middle East & Europe who shared their recent experiences with accessing hard currency, local funding, local and international banks, employee dividends, collections, T&E and mobile money.

The peer group discussion was chaired by Arnaud Francq.

This report was produced by Monie Lindsey.

The Key Take Aways appear below. The full report is in the report library.

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Treasury Peer Panel : INDIA

Treasury Peer Panels are sessions in which a group of subject matter experts share knowledge, experiences and ideas with a member who brings a specialist treasury challenge to the table.

This session was requested by a member whose company plans to expand its business in India from $100m a year currently to $1bn. This raises a series of questions about how to manage M&A, since part of the growth is expected to be inorganic, as well as how to fund the business, manage working capital, and structure the treasury team and operations.

The peer panel was chaired by Damian Glendinning whose summary appears below.

This report and Key Take Aways (below) was produced by Monie Lindsey

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Real Experiences with APIs in Treasury

We were pleased to host two sessions with our peer group members and John Laurens and Mark Troutman from DBS Bank in Singapore. We selected DBS because they are making significant progress in the digital space, and have the good fortune to have recently revamped all their internal systems, making it easier to align them with today’s technology.

The sessions followed on from our technology series, where treasurers agreed we are moving to real-time treasury and instant data – but felt that they did not have the budgets, and were not in a position, to drive this change. According to John Laurens, a large budget is no longer required – and these changes are often coming into the business outside treasury. The discussions were lively: it is possible that they show the path forward.

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