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Justin Jones

BankingCapital MarketsTalking Shop
February 9, 2021

Talking Shop: How to Set Rates on Intercompany Lending Agreements

Member question: “We are in the process of reevaluating our intercompany (IC) loan rate-setting policy. I’m trying to benchmark to understand how this is managed at other companies. What is your company’s approach to setting rates on any intercompany lending agreements? “I know reference rates are in flux with the Libor transition but I am specifically trying to understand, from a transfer pricing standpoint, if you set rates with a standard mark-up or based on the entity’s creditworthiness similar to a…
Justin Jones
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Cyber riskRisk ManagementTechnology
February 4, 2021

Questions About Answers: Moody’s Cybersurvey Raises a Few Concerns

NeuGroup members want to know how the credit rating agency will use survey responses about cyber risk.High-profile corporate cyberattacks have many companies reevaluating how they mitigate cyber risk. And over the past few months, some NeuGroup members have received a lengthy survey from Moody’s asking questions about their companies’ approaches to cybersecurity. The survey, which Moody’s says has about 60 questions, has raised questions—and a few concerns—about what Moody’s will do with the answers.Below is some of what members said…
Justin Jones
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BankingFXRegional
February 4, 2021

Cash Pools in Asia for Corporates Trying to Access Funds in China

NeuGroup members describe cash pools designed to overcome obstacles and minimize taxes.Several members of NeuGroup’s Life Sciences Treasury Peer Group have set up cash pools in China relatively recently, a topic they discussed at their fall meeting in 2020 and in follow-up email exchanges with NeuGroup Insights. The pools are generally a means to an end: getting access to the funds in a country where that can be difficult and expensive. Two-way sweep. One member is using what she described…
Justin Jones
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Libor SOFRTalking Shop
February 4, 2021

Talking Shop: Seeking Help From TMS Vendors for the IBOR Transition

Member Question: “For anyone using Reval, I was wondering if you have used their IBOR Transition Assessment Service (ITAS) to help with the IBOR transition; and if so, what was your experience and approximate cost to use? Or, if anyone has received any kind of system implementation help from their TMS, just curious what they were able to help with, how effective, and costs?” What ION said. A spokesperson for ION, which owns Reval, told NeuGroup Insights in an email,…
Justin Jones
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D&IESGRegional
February 2, 2021

Walking the Talk on Diversity and Inclusion: One Company’s Steps

A member of NeuGroup’s European Treasury Peer Group outlines what his company is doing to promote D&I.The push for increased diversity, inclusion and social justice following the murder of George Floyd last year has rippled far beyond US borders. At a meeting of NeuGroup’s European Treasury Peer Group this fall, one member discussed his company’s conviction that now more than ever is the time “to further strengthen commitment to diversity and inclusion everywhere,” as his presentation put it.This company’s efforts,…
Justin Jones
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BankingESG
February 2, 2021

Carbon Credits 101: Introduction to Voluntary Emissions Reduction

BNP Paribas shares a guide for corporates looking into carbon emission markets.A NeuGroup member at a large technology company recently asked peers on an online forum, “Does anyone have experience in purchasing carbon credits in voluntary markets?” For guidance, NeuGroup Insights reached out to BNP Paribas, which has a long-standing presence in this area and is committed to developing origination capabilities in carbon offset markets.The bank shared a presentation to help clients better understand the dynamics of the voluntary emission…
Justin Jones
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BankingFXRisk Management
February 2, 2021

Under the Hood: How Banks Price FX Swaps With Corporates

Wells Fargo explains credit and capital charges for corporate counterparties on derivative transactions.Corporates that are using or considering using long-dated hedges such as five-year FX forwards or swaps can benefit from understanding the way banks price derivatives using a combination of credit and capital charges. That idea surfaced during a recent meeting sponsored by Wells Fargo for NeuGroup members who manage foreign exchange risk. Credit and capital costs can impact unwinds and restructurings as well as new transactions, Wells Fargo…
Justin Jones
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NeuGroup News
January 29, 2021

NeuGroup Members Stay In The Loop With Interim Meetings

Formerly known as office hours, monthly interim meetings make the NeuGroup Process year-round. In just the last two weeks, NeuGroup’s many peer groups have held 15 sessions connecting knowledge sharing NeuGroup members to one another and subject matter experts. The meetings, once known as office hours, occur between meeting cycles, and this-January’s helped get the year started off right. Only last week, there were a dozen of these interim meetings, covering timely topics from the incoming Libor transition to the…
Justin Jones
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BankingRegional
January 28, 2021

Unpleasant Surprise Post-Brexit: A New Bank Fee for SEPA Payments

NeuGroup members confront a fee for payments from UK to EU accounts that lands on beneficiaries.Treasurers are still learning the full impact of the UK’s recent Brexit deal, and several who attended a recent NeuGroup European Treasury meeting shared their reaction to a banking fee that took some of them by surprise. Some corporates making SEPA (single euro payments area) payments from accounts in the UK to the EU are now experiencing an additional fee for receipt, as some banks…
Justin Jones
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ComplianceRisk Management
January 28, 2021

Documentation Overload: Internal Controls Over Financial Reporting

A survey of financial executives includes complaints of excessive documentation required by external auditors.Finance executives at large US companies are finding it increasingly difficult to document internal controls over financial reporting (ICFR) to the satisfaction of their internal and external auditors, according to a study recently published by the Financial Executives International’s research arm. Several of the most difficult controls to design, implement and operate are common in corporate treasury. Pain points. Controls around non-routine transactions—bond issuances, significant one-off payments…
Justin Jones
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