| No. 3, 2013 |
Cash OptimizationCorporate Treasury in North America:Investing in the Recovery While cash optimization is a perennial corporate concern, ongoing market uncertainty driven mainly by regulatory change is challenging longstanding cash management practices in the post-crisis era. Meeting new challenges will require innovation on the part of banks as well as greater bank-corporate collaboration. [more] Single Euro Payments AreaSEPA in 2014: Migration Presents OpportunitiesOn February 1, 2014, migration to the Single Euro Payments Area (SEPA) credit transfer and SEPA direct debit will become a reality. Rather than looking at this as an end date, it should be viewed as the beginning of new and exciting centralization, automation and standardization opportunities for corporates. They will now have the opportunity to concentrate on the resulting benefits of SEPA compliance instead of focusing on looming deadlines and rising implementation costs. [more] Working Capital FundingIn-House Banking: The Right Solutionfor Your Corporation? More large corporations today are focusing on the question of whether to use in-house banks as a way to improve the efficiency and visibility of subsidiary transactions, which account for a large portion of global trade. [more] Trade FinanceMT798: A Solution for Trade EfficiencyEarlier this year, SWIFT introduced MT798, a new message type for trade-related messages, including import and export documentary credits, standby letters of credit (LC) and demand guarantees. The MT798 message is effectively an "envelope" into which all actions and information related to a transaction can be included and exchanged with the relevant banking partner, whether or not a corporation is the issuer or receiver of an LC or other trade instrument. [more] |
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