Is the ‘collateralisation’ requirement (via CCP) under EMIR causing treasurers to lose sight that of the reports and confirmations that need to be issued?
The TMI Tax Doctor is designed to look at some of the tax issues associated with treasury globally. This column deals with a UK tax-related question around debt restructuring, and the key tax issues to consider when assessing potential jurisdictions for a group treasury and finance company.
Whether we like it or not, in future the hedging of financial risks may never be the same again. In one sense, the dilemma is in choosing between significantly better hedging or trading terms - but with potential cash volatility and higher administrative cost in exchange, and poorer terms with no …
TMI's Tax Doctor looks at the differences in tax treatment between notional and target balancing cash pooling arrangements and also the value added tax ('VAT') implications of incorporating a payment on behalf of ('POBO') service within an existing cash pooling arrangement.
This article addresses the problems of the way in which ESMA plans to apply the exemption granted to corporate treasurers for dealing in OTC type derivative products. Over three and a half years after the start of the long-drawn out financial crisis, the regulators have still not delivered this …
Ratings provide a reference point that investors use to evaluate a security or issuer's potential eligibility for the inclusion of that investment in a portfolio. Without ratings, investor uncertainty about the credit quality of the investment could undermine the confidence of investors.
A review of the progress of IFRS 9, looking in particular at its impact on accounting and valuation - and comparing it with the approach once taken by IAS 39.