Latin America: the guaranteed antidote to boredom for treasurers. Unfortunately, it often also means sleepless nights. In this call, we discussed how people manage their treasury operations across the region. Most participants had a similar approach – but we still had some lively discussions, especially around banking relations.
This report comprises the initial reactions of senior treasurers to FX Law 14.286 (which includes: intercompany netting, offshore BRL accounts, onshore foreign currency accounts & royalties remittance) experiences with payroll, boletos, PIX, FX hedging and transactions and local banks .
Chairman’s commentary The purpose of this call was to assess the impact COVID-19 crisis has had on cash and treasury management in Brazil. The bad news is that, some things, such as currency volatility, administrative and tax burdens, and liquidity have got even worse… Continue Reading “Repatriating Cash from Brazil”
Key Takeaways Boletos are unique and are a great way to minimise DSO which is a major problem in many countries. Bank charges for processing Boletos are seen as high, especially for paper – based Boletos. Moving from paper to electronic reduces bank fees… Continue Reading “Boletos & Receivables in Brazil”