A strengthening macro-economic backdrop and the introduction of Basel III are prompting corporations to rethink how they optimise cash and manage the challenges resulting from the changing environment.
Treasurers around the world are focusing attention on maximising internal liquidity sources – and those managing entities within Latin America are no exception. We provide a country-by-country guide.
In order to cope with its substantial growth, Linamar’s Group Treasury is taking a three-tiered approach to enhancing visibility and control over cash, maximising liquidity and optimising investment decision.
Be sure to maintain an awareness for the various opportunities afforded by cash and treasury management liberalisation - and learn how to extract value from participation in pilot schemes relating to these initiatives.
The rapid pace of the renminbi’s (RMB’s) internationalisation over the last 12 months has fundamental implications for corporate treasury, to the point where immediate action is required. It is no longer a case of considering what to do about the RMB, it is about actually doing it.
In order to achieve greater financing flexibility the group extended its current bank facility and then reviewed its portfolio. When the bank financing was almost complete Willis launched a waterfall tender for its bonds - with an outstandingly successful result.
Whilst many individual challenges lie ahead for treasury professionals in 2013, we can all be doing more to ensure that we increase efficiency in certain areas. We use cross-currency payments (FX) as an example.