Treasury Management International
Corporate Finance
A Closer Inspection
by Jane Attwood, Commissioning Editor, TMI
How good are your detective skills? According to FRANÇOIS MASQUELIER, Head of Corporate Finance & Treasury at RTL Group and Chairman of the EACT, corporate treasurers will need to pick up their magnifying glasses and brush up on their financial tracking skills more and more often in the future. He refers to embedded derivatives, and, more specifically a particular category of embedded derivatives. It is now well known that under accounting standard IAS 39, when a derivative is hidden or ‘embedded’ in another contract, it must be separated and revalued at market value. However, there are contracts, some recorded in the balance sheet and some not, which may be a little harder to detect. Masquelier says, “Very often companies are completely unaware of their existence.”
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Treasury Management International showcases topical, pragmatic solutions and strategic insights on treasury, cash management, foreign exchange and other issues affecting treasury and financial professionals, together with treasury and finance news, education and opinion. With real-life treasury management experiences and case studies at its core, TMI provides valuable material for all practitioners - from experienced treasurers and CFOs to those new to the profession.
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