FXTalking Shop
August 19, 2021

Talking Shop: Approval Level For Executing Hedging Contracts

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “I know we talked about this at some point this year, but I wanted to see if you all would help me benchmark. What level of approval/review/sign-off is required prior to executing your hedging contracts?” Peer answer 1: “Our treasurer signs off on each monthly tranche of cash flow hedges…
Libor SOFRThe NeuGroup Insights Interview
August 12, 2021

Next Steps on the Road to Libor’s End: ARRC Chair Tom Wipf Looks Ahead

In part two of his video interview with Joseph Neu, Tom Wipf discusses operational challenges, SOFR’s strengths and more.Keeping track of developments in the long-running financial market drama called the Libor transition has been anything but easy. The number of complex issues at play can be overwhelming—everything from fallback language, interest calculations and credit spread adjustments to term rates, timelines and deadlines. That’s one reason NeuGroup created a Libor transition working group and has facilitated scores of discussions on the…
D&IInvestment Management
August 12, 2021

Connecting the D&I Dots: How IntraFi Helps Corporates Make an Impact

One corporate used IntraFi Network’s services to access FDIC insurance on a large deposit.One of the obstacles encountered by NeuGroup members whose diversity and inclusion (D&I) initiatives include supporting banks that serve minority communities is connecting with the right people at those institutions and ensuring the safety of their deposits. To address that issue and others, NeuGroup in 2021 showcased how IntraFi Network—formerly Promontory Interfinancial Network—is making it easier and more efficient for corporates to place deposits with minority depository…
FXTalking Shop
August 12, 2021

Talking Shop: Digging Into Dual-Purpose Hedges and De-designation

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “Does anyone have dual-purpose hedges (for example, the hedge is originally a cash flow (CF) hedge and then intentionally de-designated to become a balance sheet hedge, with impact after de-designation going to the P&L)?”Peer answer 1: “Yes, we’ve recently switched to a long haul approach and are now de-designating our…
NeuGroup News
August 6, 2021

We’re Ready for Your Close-Up

Recorded interviews offer NeuGroup members and partners a way to share best practices, lessons learned and thought leadership with a broad audience.  NeuGroup is hitting fast forward on our production of videos featuring interviews with members, sponsors and partners. And we want you to get in on the act—by both watching the videos and starring in them!  As summer turns to fall, expect to see a steady stream of Zoom-recorded conversations with your peers and other subject matter experts who are willing to share their experience and knowledge while making themselves known to an audience beyond the real and virtual walls of NeuGroup meetings and Visual Interactive Sessions.  This is win-win: Viewers will benefit from…
Capital MarketsD&IESG
August 5, 2021

A Pioneer Plugs Into Energy Sector Sustainability-Linked Financing

Enbridge, the pipeline operator, is the first midstream firm in North America to do sustainability-linked financing. Presenting to members of NeuGroup for Oil & Gas Treasury (sponsored by Societe Generale), Sheldon Bueckert, director of treasury at Enbridge, shared his experience helping lead the company’s sustainability-linked bond (SLB) and loan financings, a first for a midstream firm in North America. The session focused on a SLB that Enbridge issued in late June.Key SLB details. On June 23, 2021, Enbridge hosted 131 investors…
Cash & Working CapitalTechnology
August 5, 2021

Helping Hand: Using Cashforce to Manage Growth Through M&A

How one treasurer used Cashforce technology to improve forecasting and support growth.When one treasurer saw that his team was getting too bogged down managing the company’s dozens of bank accounts across 25 entities, he sought out an automated cash management system, but he had a concern: the company is continually growing through mergers and acquisitions, and in the past, new accounts made everything muddy. The process of integrating a new entity and any accounts it brings along can be cumbersome—and…
Talking Shop
August 5, 2021

Talking Shop: Debating Soft Tokens for Online Banking Access

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “Do you allow soft/mobile tokens for online banking access instead of physical tokens? If so, do you limit it to personnel with company-issued cell phones? “Did your IT team have any concerns with allowing soft/mobile tokens?” Peer answer 1: “We currently only issue physical tokens, but we are having the…
NeuGroup News
August 3, 2021

NeuGroup’s Newest Group Connects The Oil & Gas Industry

Energy transition is here, and one of the first sessions of another new NeuGroup focuses on what energy treasurers can do.  At the second-ever pilot meeting of NeuGroup for Oil & Gas Treasury, energy expert Ed Hirs shared a statistic that caught many members’ attention: more than 75% of the public now wants to reduce carbon emissions.  In a time of transition, communication matters more than ever. This NeuGroup will allow treasurers to get the lay of the land, benchmarking their readiness with peers as well as hearing about new perspectives and unique solutions from leading experts.  Expert opinions. In this session, sponsored by Societe Generale, members gathered for a single-day…
D&IInvestment Management
July 29, 2021

Simple, Repeatable, Scalable = Real Impact on D&I Goals

Women in NeuGroup (WiNG) members discuss advancing D&I objectives, starting with cash portfolio investment partners. Talking the talk can be an important first step, but putting words into action is where treasury gets involved in delivering the financial end of ESG and D&I commitments made by organizations. A recent Women in NeuGroup (WiNG) event addressed opportunities to create meaningful impact via the corporate cash investment portfolio. Diversity in financial partnerships. One way to meet D&I goals is to boost the number…