Living on the hedge
New regulation on both sides of the Atlantic threatens to make money-market funds less attractive for corporate treasurers. Banks are hoping this cash will flood into fixed-term deposits instead, helping them meet incoming liquidity ratios, but they’re...
Turning borders into barriers
Corporate treasurers complain about the unintended consequences of the proposed financial transaction tax, as well as clearing rules for OTC derivatives
Banks will not be able to avoid passing on the hefty costs of regulatory reform to their buy-side clients, argued participants at the ACI UK’s annual square mile debate
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the foreign exchange markets, senior Lloyds banker tells ACT conference delegates in Manchester
Accentuate the negative
Brought to account
Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis
Meeting the calls
The nuclear question
Chinese corporates will now have access to onshore and offshore hedging markets
Ready for launch
Tata Steel has managed risks on multiple fronts during its transformation from an Indian company into a multinational corporation over the past 15 years. Adopting a proactive but prudent approach to using derivatives has helped achieve this growth. Rahul...
Corporates across the globe have lobbied to ensure end-users are not subjected to new clearing requirements for derivatives. For Lufthansa’s treasury department in Frankfurt, ensuring it is able to continue to hedge its foreign exchange and interest...
Jean-Baptiste Pons, head of corporate finance and treasury at EADS, talks to Alexander Campbell
Price is still the most important factor for corporates when choosing which dealer to trade with. However, a wide divergence in pricing among banks means transparency is now a key issue. By Matt Cameron, with additional research by Alexander Campbell,...
Steep interest rate yield curves cause corporate treasurers to focus on the cost of carry.
High volatility in foreign exchange markets over the past year has forced many corporates to reassess their hedge books. A number of banks have increased their advisory services to help companies conduct an in-depth analysis of their exposures as a result....
Corporates have argued initiatives to introduce over-the-counter derivatives regulation in the US and Europe will severely hamper their ability to hedge. After an intensive lobbying effort, the politicians appear to be listening. Matt Cameron reports
The financial crisis has created some important challenges for the treasury operations of Asia's leading corporations. What are the lessons learned from the crisis? And how can corporates improve their treasury technology functions? By Harry Thompson