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5 Things to Know About Negative Rates

The Fed isn’t likely to push U.S. rates below zero, but treasurers of multinationals still have to cope with negative rates overseas. While treasurers have been dealing with low interest rates for years, they’re now facing negative rates on bank deposits in some parts of the world. The prospect of paying a bank to hold


How Banks and Corporates Can Prevent Payments Fraud Together

Click here to download the presentation. Click here to access the recording. Please join Treasury Strategies, Bottomline Technologies and our expert panel to hear how our bank and corporate panelists are working together with solution providers to fight back and prevent payments fraud. We’ll specifically discuss: • Results from a recent Corporate survey on payment


Treasury-Only MMFs Equivalent To T-Bills, Says Report

Treasury-only money-market funds are the “functional equivalent” of Treasury bills and should be treated as such for purposes of collateral management. That is what is recommended in a recently-published paper, “Collateral Scarcity: An Approach to Preventing Market Stress from Becoming Contagion.” Written by corporate treasury consulting firm Treasury Strategies, the paper makes its case by


A Clear View of Cash

Treasury departments never stop focusing on cash forecasting, but sometimes it ranks higher on their list of priorities. This is one of those times, as factors ranging from volatility in the foreign exchange market and the prospect of higher interest rates to the effects of Basel III regulations renew companies’ interest in having an accurate


Money Funds Raking in Money

Last year, for example, investors only put in a total $4 billion into money-market funds between May and August. This year, money-fund assets grew by $85 billion between May and mid-August. Mr. Crane said that banks, beset by new capital rules, have recently been encouraging companies and investment funds to keep less money in their


Short-term Investors at Crossroads

Corporate treasuries continue to stow the majority of their short-term cash in bank deposits, according to a recent survey, and put the largest chunk of the remaining money into money-market funds, a traditional short-term investment option. But those patterns could change in the next year or so as U.S. interest rates rise and new regulations


Money Market Funds: Re-Weight and See

Money market reform in the US has progressed with the speed of a snail on valium. The idea was first floated in 2008 after the Reserve Primary Money Market Fund’s net asset value fell below $1 per share, unexpectedly saddling investors in the “cash-like” instruments with very real losses. The drop triggered a stampede out


Driving Change in Bank Relationship Management

Bank-corporate relationships are beginning to experience big changes as a result of new regulations, such as Basel III. This is likely to accelerate in the coming months, and it behooves companies to build a clearer picture of how they divide business between banking partners in order to steer that process of change, rather than simply


Corporate Impact From Greece Looks Tame, So Far

As money flows into high-quality assets such as U.S. Treasurys, money funds invested in those securities could see more inflows. Anthony Carfang, a partner at Treasury Strategies Inc., said that new banking regulatory rules could aid the funds. He explained that international bank rules are forcing banks to hold more in U.S. Treasurys, which could


Parking Corporate Cash Is Sure to Get More Complicated

If corporations stop parking their cash in prime funds, then companies like FMC might find less demand in the marketplace for their short-term commercial paper. As those funds’ pool of assets shrinks, so would demand for commercial-paper offerings. Some market watchers think worries about the rule changes are largely overblown. They include Tony Carfang, a