Strategic Treasury

The Corporate Treasury

The question of banking relationships is high on the agenda of corporate treasurers in Germany at the moment, and Professor Dr HEINRICH DEGENHART of the University of Lüneburg provides us in this Special Report with an authoritative summary of current practice in this respect. The Association of German Corporate Treasurers, VDT, has set up a working group to consider the general principles of corporates’ bank management, and started by examining the large number of ‘historically evolved, unsystematic division of bank transactions over an excessively large number of banks’. The group has now drawn up some clear guidelines for defining core banks and then for managing the transactions within the core bank group. Professor Degenhart warns that the whole process must be clearly transparent with in the company and externally.

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