With the coronavirus pandemic impacting economies, businesses and individuals, TMI asks what treasurers can do to help their organisation weather the storm. In this no-nonsense guide, we take a pragmatic look at best practice during times of crisis, ranging from contingent funding facilities to proactive communication with rating agencies and tackling elevated FX risks and cybercrime.
Treasurers were finding it hard enough to know where to invest their short-term cash before the pandemic hit. Now, the pressure is even greater. TMI speaks to five industry experts to discover how treasury professionals are responding to the financial impacts of Covid-19.
The Covid-19 pandemic has already provided rich pickings for fraudsters and cybercriminals who are becoming increasingly active and unscrupulous. The company is the first line of defence against fraud and it is vital to educate employees about what to look out for and how to avoid being duped.
The stable track record of SDD changed in March and April 2020 since several countries announced widespread lockdowns and economic activities in the majority of sectors had to be halted. For the first time in years, in April 2020 the number of executed SDD transactions decreased.