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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… Read more »


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… Read more »


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… Read more »


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… Read more »


Zafin and Treasury Strategies Collaborate on Pricing Excellence Series

Zafin, the leader in relationship banking for the financial services industry, is pleased to announce that it is collaborating with Treasury Strategies, the leading treasury consulting firm, on a series of seminars and a white paper to highlight the value proposition for banks to significantly overhaul their pricing strategies and operations.  In the face of… Read more »


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… Read more »


U.S. Companies Bring More Foreign Profit Home

The impetus for the latest uptick isn’t so clear. “It’s still a mystery,” said Anthony Carfang, a partner at Treasury Strategies Inc., a Chicago-based consulting firm. “There may be ways to use the money in the U.S. that’s going to get companies a higher rate of return.” Even so, U.S. companies are still sitting on… Read more »


Treasury is now about value creation, not profit

Strategy and organisational functions are now as important to corporate treasuries as process and technology. Corporations expect their treasuries to focus on value creation, not to simply act as cost or profit centres, says a new report by Treasury Strategies. Based on a survey of 200 corporate treasuries and 33 treasury functions, the report concluded… Read more »


State of Canadian Transaction Banking 2015

Click here to download the presentation. Click here to access the recording. Drawing upon our work with Canadian corporates and financial institutions, we assess the landscape and outline where we see the Treasury profession heading for the coming year. This informative webinar includes discussions on: • Basel III strategy implications • Global and regional bank forays into… Read more »


The Morning Ledger: Corporate Cash Looks for New Home as Banks Hike Fees

Banks including J.P. Morgan Chase & Co., Citigroup Inc. and Bank of America Corp. are telling their largest customers, including large companies and hedge funds, that they will begin charging fees on accounts that have been free in the past, the WSJ reports. The moves are a result of new regulations that make it onerous… Read more »

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