CryptoTalking Shop
June 16, 2022

Talking Shop: Managing Credit Risk for Crypto Custodians

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: “How should corporates manage credit risk for cryptocurrency custodians?” Peer answer 1: “We’ve thought a lot about this. One point to make: Anchorage Digital Bank is federally chartered by the OCC; most others are state chartered. We look at things like that. Most of these licenses have pretty high standards for capitalization, so it might…
Accounting & DisclosureTalking Shop
June 2, 2022

Talking Shop: FBAR Annual Reporting Requirements

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 know if companies need to report all ‘signers’ of foreign bank accounts or all ‘payment approvers’ to the IRS each year for FBAR (Report of Foreign Bank and Financial Accounts) purposes?” Peer answer 1: “We interpret the FBAR authorized individual to be any employee known to the bank that can direct the…
FXTalking Shop
May 26, 2022

Talking Shop: What Is Your Hedge Horizon?

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: “For Neugroup members with an FX cash flow hedging program, what is your hedge horizon? “For context, we hedge up to two years and we’re looking to revise that horizon (potentially up to three years) in our FX policy.“Last, what determines your hedge horizon (e.g., budget cycle, product development cycle, contracts,…
Cash & Working CapitalTalking Shop
May 19, 2022

Talking Shop: Payments to Support Relocation for Russian Nationals

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: “As a result of the ongoing crisis in Ukraine, we have Russian national employees based in Russia who are looking to relocate and effectively become employees of our Dutch entity. Because of the restrictions on getting cash out of the country from employees’ personal bank accounts, we’re looking to support…
RegionalTalking Shop
April 21, 2022

Talking Shop: Does Anyone Have Credit Insurance in Russia? 

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: “We are assessing the risk of losing the insurance that is currently applied to our receivables that were outstanding at the time of the conflict as they are still outstanding. “Our specific interest is in any actions that your team perceives that, if taken, could give the insurance company the…
Risk ManagementTalking Shop
March 3, 2022

Talking Shop: How Often Do You Assess Counterparty Risk?

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: “How often do you assess counterparty risk? “For your short-term investments such as bank deposits, what frequency has worked best for your team to measure/assess counterparty risk (e.g., daily to weekly, weekly to monthly, etc.) and what considerations were taken into account for determining frequency (e.g., CDS, credit ratings)? It…
Capital MarketsTalking Shop
February 24, 2022

Talking Shop: Disclosing Info to Ratings Agencies Before Earnings

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 in the group discuss quarterly earnings with the rating agencies before the press release?”Peer answer 1: “If there is news that we believe they should hear in advance of the earnings announcement, then we do meet with them in advance.”Peer answer 2: “We haven’t been asked to discuss…
Capital AllocationTalking Shop
February 10, 2022

Talking Shop: Optimizing Models for Capital Structure and Allocation

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. This exchange is from NeuGroup for Growth-Tech Treasurers. Member questions: “I am working on optimal target capital structure (debt/equity mix) analysis and framework. Any ideas on approach/model? “I’m also working on creating a capital allocation policy and framework. Any sample allocation policies and framework approach or model ideas would be great.” Peer answer 1: “There are several…
Talking ShopTechnology
January 19, 2022

Talking Shop: The Status of Bloomberg Disaster Recovery Services

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: “We received a notice from Bloomberg that our Disaster Recovery (DR) service was ending on 12/31, but it seems they have kept it on for now. (I have not asked Bloomberg if they have extended due to Omicron.) “We are looking at adding additional licensees with the hybrid work environment.…
FXTalking Shop
January 12, 2022

Talking Shop: Hedging Cyclical Currencies

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: “When deciding on whether to hedge a currency, do you take into account whether the currency is cyclical or not? “I think that there is a stronger case to hedge a monetary asset in a cyclical currency, such as the Brazilian real (BRL), that tends to appreciate when the economy…