August 2009 8 Min Read
What Really Happens when a Fund Breaks the Buck? Institutional Money Market Funds Association Money market funds have received significant press attention in recent months. This is primarily the result of a single incident in September 2008, but one which happens so...
August 2009 5 Min Read
Current and Future Developments in Government Money Market Funds by Mark Allen, Head of International Cash Sales, Goldman Sachs Asset Management (GSAM) In the last 18 months, investor appetite for risk across Europe has fallen sharply in response to the tumultuous...
August 2009 8 Min Read
An X Ray of Money Market Fund Risks by François Masquelier, Chairman, ATEL (Association des Trésoriers d’Entreprises du Luxembourg) and Philippe Debatty, CAIA, Managing Director, Alternative Advisers S.A. 1. Reducing the inherent risks in money...
August 2009 8 Min Read
Why Money Market Funds Remain a Viable and Robust Investment Institutional Money Market Funds Association Money market funds globally amount to over USD 5tr of investment, and include both retail and institutional investment. They are now utilised to such an extent in...
August 2009 4 Min Read
How is Your Bank Handling SEPA Direct Debit? by Chris Winter, Region Product Executive, J.P. Morgan Treasury Services Have corporates thought through how they will work with their banks to take advantage of SEPA Direct Debit (SDD), the world’s first pan-regional...
August 2009 4 Min Read
A Focused Approach to Risk Management by Maciej Müldner, Treasurer, Skanska Poland Skanska globally combines both centralised and decentralised elements in its financial management. Skanska Financial Services (SFS) provides a central in-house bank, but there is...
August 2009 3 Min Read
Payments Automation at Gjensidige by Jørn Einard Skjærlund, Head of Accounts Receivable, Gjensidige The cash management organisation at Gjensidige is responsible for banking communications, payments, collections and daily cash management, with investments...
August 2009 2 Min Read
Foreword by Erik Zingmark, Global Head of Cash Management After many long months of tension and uncertainty, there are signs that the financial crisis is finally starting to subside. As the ‘real’ economy was slower to be affected, its recovery is also...
August 2009 7 Min Read
Adapting to a New World Managing Counterparty Risk & Bank Relations by Erik Seifert, Head of Cash Management, Sweden Although managing counterparty credit risk has always been part of the treasurer’s role, few treasurers have taken the time to focus on this...
August 2009 10 Min Read
Money Market Fund-amentals Institutional Money Market Funds Association The market turmoil which commenced in the summer of 2007 has resulted in the worst global financial crisis since the 1930s. Money market funds (MMFs) have not escaped this turmoil, and increasing...
August 2009 12 Min Read
Addressing the Liquidity Challenge by Niclas Osmund, Head of Cash Management Advisory, Patrick Zekkar, Head of Trade Finance Sales, Sweden, and Niklas Callerstrom, Global Head of Supply Chain Services In the previous article in this Guide, Erik Seifert outlined the...
July 2009 13 Min Read
Keeping the Liquidity Tap On by Helen Sanders, Editor The liquidity crisis, which indeed it has been, has seen the liquidity tap (faucet) gradually turned off since the summer of 2007. Not only has the flow been reduced, but the cost of liquidity has increased...
