Cash

This article, by DILRUKSHAN ABEYSINGHE, senior sales manager, payments and cash management HSBC Middle East, United Arab Emirates, provides an overview of current approaches and issues relating to cash management, specifically the management of working capital. Among the points it makes are the following: • Using supplier credit as a source of capital may seem cost-efficient but carries potential risks …

If a company has mismatched intercompany transactions, how can it trust its financial statements? This article, by KEITH HARRIS, explores some discussion points for the treasurer, finance director and, ultimately, the chief financial officer Consider a company whose “goods” are physical products or services that are bought and sold. One party is the producer and the other – the counterparty …

Maki Vekinis, Cash Management Matters – CMM Managing Partner, looks at the difference between vendor evaluation and selection of a cash management programme Following up from our previous article on vendor evaluation and selection of a cash management platform, we will now describe the differences between the two activities and why they should be kept apart and separate. In a …

Sustained global economic expansion continues to be expected, with a real GDP growth rate of about four per cent in both 2010 and 2011, writes DICK HOEY, chief economist at BNY Mellon The strongest economies in 2010 and 2011 should be those with three characteristics:  public policy that places the highest priority on economic growth relative to other objectives No …

NBAD’s bond issue was an expression of its desire to set a standard for the Gulf region, explains Mahmood Al-Aradi (pictured), the bank’s head of financial markets. The National Bank of Abu Dhabi (NBAD) wanted to set a benchmark for the region and the UAE in returning to the funding markets with a $750m bond issue this spring, according to …

An impressive one-off or a pointer to the return of international confidence in Gulf banking? Paul MellY looks at the recent NBAD bond issue. A herald of financial recovery in the UAE – or a special case that tells us nothing about the wider prospects for other local institutions? That’s the question being asked about the success of the National …

Following a recent roundtable event hosted by BNY Mellon in Istanbul, CIHAT TAKUNYACI, the firm’s treasury services representative for Turkey, discusses transaction banking in the Turkish market. Turkey’s strategic geographic position between europe and the Middle east has sparked (continuing) growth in Turkish-Middle eastern trade flows. however, do Turkey’s local banks have what it takes, in terms of local transaction …

Delving into the mechanics of credit and collections, payables management and inventory levels can pay dividends. Susan A. Hillman and Daniel L. Blumen , of  Treasury Alliance Group LLC, explain how to get access to free cash. A defining trend of the past decade has been the work that multinationals have done to centralise liquidity, risk management and banking for …

Asia’s insatiable appetite for oil and gas has provided large and lucrative export markets for Middle eastern energy companies,which they have further capitalised on by building refineries and other facilities there. setting up business in asian countries creates numerous banking, cash management and regulatory challenges for treasury departments, but they can be resolved, explains LANCE T. KAWAGUCHI (pictured) of Citi. …

The future of cash management points towards integrated management dashboards, says Maki Vekinis – Cash Management Matters (CMM) Managing Partner, The advent of the sophisticated business performance monitoring tools, resulting from the adoption of sophisticated enterprise resource planning (ERP) platforms is slowly making its way into the corporate internet banking systems. The emerging trend, sometimes referred to as integrated cash management …

John Foster speaks to RAJ GUPTA, RESEARCHDIRECTOR OF THE CENTRE FOR INTERNATIONAL SECURITIES AND DERVATIVE MARKETS.  The global financial crisis has turned the previously cosy, stable and processorientated world of treasury management on its head. In the past, tried and tested practices, relationships and technologies were passed from generation to generation of CFOs and treasury managers, and the industry evolved …

Making the  right decesion when choosing a cash management platform is no easy task, expains Maki Vekinis – Cash Management Matters (CMM) Managing Partner www.cashmanagementmatters.com Is there a bullet-proof way to identify a cash management platform vendor? here is a banker’s perspective and some important practical pointers. The ever-increasing competition among banks of all sizes to enhance revenue streams without exercising …

MANINDER BHANDARI is managing director & head of Middle east & africa for Treasury services at bny Mellon. Cash & Trade caught up with him to discuss the ways in which the economic crisis has altered Mena trading patterns and the region’s next step in treasury solutions. If money really does make the world go around, then effective treasury management …

Energy companies in the Middle east have been hit hard by the global economic downturn, but a revival is underway. This is putting pressure on treasury departments to improve their operational efficiency and enhance working capital, writes LANCE T. KAWAGUCHI of CITI. In the Middle East have had to cope with a significant fall in demand for their products. This …

As a Mena treasury manager of one of the Middle east’s leading corporates, and its biggest pharmaceutical manufacturer, EYAS QUIDEMAT is in a prime position to drive the company’s growth plans – and demand more from its banks. Eyas Quidemat is the MENA treasury manager for Middle East pharmaceutical giant Hikma. As a major manufacturer of drugs, hikma leads the way …

The importance of managing staff expenses efficiently means corporates must consider the use of payment cards. by KAMRAN SIDDIQI, GENERAL MANAGER oF VISA IN THE MIDDLE EAST. Increasing processing efficiency and reducing payroll costs are two priorities common among most companies, particularly in an economic climate where businesses are looking to streamline costs and operate at their most efficient. In …