The extremely low interest rate environment and uncertainty around future interest rate cuts are posing a growing challenge for treasurers sitting on relatively large cash piles. However, if treasurers are prepared to consider an ultra-short-duration strategy, investors can potentially garner returns above those offered by MMFs, while remaining in a low-risk solution.
South Africa’s major corporates seem to be unconcerned about the impending transition from interbank offered rates to alternative reference rates. The scale and complexity of the transition should not be underestimated by treasurers, who must ensure their business is well prepared to avoid significant disruption.
The recent cyber breach of five firms in Mexico and the USD15m exploitation of connections to the SPEI domestic payment system have placed a spotlight on Latin American cybersecurity. How can corporates and their treasuries prevent this sort of breach becoming commonplace?