BankingTalking Shop
February 5, 2025

Talking Shop: Treasury’s Control of Foreign Bank Accounts

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]. Corporate treasury teams at multinationals with hundreds if not thousands of bank accounts need to control the opening and closing of accounts, know the identities of account signatories and have visibility to the cash in them. At the same time, managing every operational account from headquarters on a day-to-day basis in every…
BankingTalking ShopTechnologyUncategorized
December 18, 2024

Talking Shop: How To Remove Employees’ Bank Portal Access Faster

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]. Context: Multinational corporations with hundreds of bank accounts at dozens of banks spread across the globe face some major challenges. One big pain point: efficiently tracking and updating which employees have access to online banking portals and who among those people are authorized signers. The challenge is twofold: Treasury has to manage whose…
Cash InvestmentsTalking Shop
December 11, 2024

Talking Shop: Should Investment Policies Mention the 1940 Act?

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]. Context: No corporation that is not an investment company wants to cross a line that would make it subject to the Investment Company Act of 1940. The ’40 Act regulates mutual funds and other companies that engage primarily in investing and trading securities and may also issue securities. Falling under it would require time-consuming,…
Capital MarketsTalking Shop
October 30, 2024

Talking Shop: Dialogue With IG Fixed-Income Investors, Analysts

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]. Context: Communicating with equity investors is the primary focus for corporate investor relations (IR) teams at companies whose stock trades publicly. To address issues of concern to fixed-income investors and analysts, some corporates send representatives from treasury to accompany equity IR teams to conferences. Not many NeuGroup member companies have staff dedicated to…
FXTalking Shop
October 23, 2024

Talking Shop: Executing Back-To-Back Intercompany Hedges

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]. Context: Multinational corporations whose global subsidiaries need to hedge foreign currency exposure frequently engage in so-called back-to-back derivative trades. That’s typically where the parent trades with a bank and then, back-to-back, trades with the sub, a strategy often motivated by lower trading costs, greater efficiency and tax and accounting considerations. It can help…
Cash & Working CapitalTalking ShopTechnology
September 18, 2024

Talking Shop: Which Tech Tools for Cash Flow Forecasting?

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]. Context: Better cash flow forecasting is a goal shared by nearly every treasury team. That’s true no matter how far along they are on the seemingly endless journey to automate processes, access and analyze quality data, and leverage advanced technology—including machine learning (ML) and AI—to reach higher levels of accuracy and efficiency. Some…
Risk ManagementTalking Shop
September 11, 2024

Talking Shop: Is Geopolitical Risk Its Own ERM Category?

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]. Context: Wars in Eastern Europe and the Middle East as well as increasingly strained ties between the U.S. and China are key reasons geopolitical risks rank high on the list of threats facing multinational corporations. In the NeuGroup 2024 Finance and Treasury Agenda Survey, respondents named geopolitical conditions their fourth biggest risk, behind interest…
BankingRegionalTalking Shop
August 21, 2024

Talking Shop: Demat Accounts in India—Details and Deadlines

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]. Context: Multinational companies with subsidiaries in India face a deadline to convert shares of the subs they own that were issued as physical certificates into an electronic format, a process known as dematerialization. The deadline is Sept. 30 for companies with fiscal years ending March 31, 2023. Corporates with a Dec. 31 year-end have…
Cash & Working CapitalTalking Shop
June 26, 2024

Talking Shop: Extend Payment Terms to Optimize Working Capital?

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]. Context: Improving working capital management remains a high priority for many treasury teams coping with elevated inflation, concerns about recession and the opportunity to earn better returns on cash amid higher interest rates. Just this week, one treasurer asked if peers have “something akin” to a working capital policy. “This may cover things such…
Risk ManagementTalking Shop
June 5, 2024

Talking Shop: Spreading Share of Wallet for Interest Rate Swaps

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]. Context: Interest rate swaps allow corporates to manage risks stemming from exposure to the fixed and floating rates they pay on debt obligations, including bonds. The price they pay for swaps is a major consideration for companies selecting the banks who become their counterparties in the transaction. In picking counterparties, most treasury teams…