Article

February 2013 9 Min Read

The Cost of Security Today

The Cost of Security Today by François Masquelier, Head of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers Over the last five years, European treasurers have learned to manage counterparty...

Article

October 2012 7 Min Read

Enhancing Efficiency and Risk Management in Cash Collection

Enhancing Efficiency and Risk Management in Cash Collection by Karolina Tarnawska, Treasury & Credit Risk Director, Grupa Žywiec As a result of a largely cash-driven payments culture in Poland, Grupa Žywiec collects around half of its revenues in cash, with...

Article

October 2012 4 Min Read

A Notional Approach to FX Hedging

A Notional Approach to FX Hedging by Ferdinand G. Jahnel, V.P., Treasurer, Henry Schein, Inc. Henry Schein has experienced phenomenal growth since listing on NASDAQ in 1995, with revenues growing from $616m in 1995 to $8.5bn in 2011, the result of increased market...

Article

September 2012 4 Min Read

Rethinking Risk Management

Rethinking Risk Management by Joe Sarbinowski, Global Head of Institutional Liquidity Management Distribution, DB Advisors Why do treasurers and other fixed income investors need to rethink risk management? The composition of bond markets has changed dramatically in...

Article

September 2012 7 Min Read

Managing Financial Risk in the Face of Uncertainty

Managing Financial Risk in the Face of Uncertainty by Jacqui Drew, Senior Solution Consultant, Reval Sunday 17 June saw Coca-Cola Hellenic’s entire treasury team gathered in the office waiting for the result of the crucial Greek general election, which many...

Article

September 2012 5 Min Read

Implementing an FX Hedging Strategy to Facilitate International Growth

Implementing an FX Hedging Strategy to Facilitate International Growth by Mark Stegeman, Vice President and Assistant Treasurer, and Robert Waddell, Global Treasury Manager, Brown-Forman Corporation Brown-Forman has experienced dramatic expansion in recent years,...

Article

August 2012 6 Min Read

Implementing an Enterprise Risk Management Approach

Implementing an Enterprise Risk Management Approach by Constantinos Tsolakas, Head of Group Treasury Risk Management, ABB Royal Caribbean’s Oasis of the Seas, the largest and most spectacular cruise ship ever built, driven by an energy-efficient power and...

Article

June 2012 6 Min Read

Managing Risk, Leveraging Opportunity

Managing Risk, Leveraging Opportunity by Frank Kutschera, Head of Cash Management Corporates for UK, Ireland and Scandinavia, Global Transaction Banking Division, Deutsche Bank While commentators tend to refer to the global financial crisis as a specific...

Article

April 2012 10 Min Read

Managing Risk in a New Environment

Managing Risk in a New Environment by Helen Sanders, Editor There are few treasury-related articles nowadays that do not stress the importance of liquidity and risk for corporate treasurers. Things have changed, however, since the gritty days of 2008-9, and while...

Article

March 2012 5 Min Read

On the Road to Treasury Transformation: How Far Have We Travelled?

On the Road to Treasury Transformation: How Far Have We Travelled? by Jiro Okochi, Chief Executive Officer and Co-Founder, Reval It’s now been three years since once mighty companies tumbled without cash, credit or liquidity. Today, a company should no...

Article

March 2012 8 Min Read

VaR and CFaR: Two Ways of Measuring Risk in the Corporate World

VaR and CFaR: Two Ways of Measuring Risk in the Corporate World by Bardia Nadjmabadi, Consultant for Financial risk management, KPMG The risk measure Value-at-Risk (VaR) was designed to measure market risk for use in financial institutions. It can be regarded as a...

Article

March 2012 9 Min Read

Best Practice Risk Management: Evolving with CFaR

Best Practice Risk Management: Evolving with CFaR A Q&A with Ford’s Dennis A. Tosh As a complex, multinational business, risk management is an essential discipline at Ford, particularly with the significant commodity and FX exposures that go along with...