Results for ‘funds’
Navigating Uncertainty: An Interview with Arjen Pasma (PGGM) on How Pension Funds Prepare for Financial Market Risk
How does a pension company prepare for the risks and uncertainties inherent in financial markets? “One of the best ways to prepare is by practicing. The financial industry is actually poorly prepared for the unknown, and can even be surprised by something entirely uncertain. The leading economists at the beginning…
Read moreFunds
The world around us is changing rapidly. With the energy transition, healthcare, education, pensions, integration, labor participation, data, and privacy, our country faces many societal challenges. Financing these challenges is a crucial issue, where the use of funds, often publicly initiated and financed, provides part of the answer.
Read moreUltimate Forward Rate: does it create more risk?
The UFR is a method of adjusting the market rate at which future commitments are discounted. Interests for durations of more than 20 years are adjusted by converging the one-year forward rate towards the Ultimate Forward Rate of 4.2%. The introduction of the UFR was an attempt to address three…
Read moreActiam: Compliant with a new risk management framework
The new EU directive regulating alternative investment funds management (AIFMD) meant that asset manager ACTIAM had to make substantial changes to its risk management, a major operation that had to be carried out in a short period of time. ACTIAM was founded on 1 July 2014 after a merger between…
Read moreEmpowering Médecins Sans Frontières (MSF)/Doctors Without Borders to Take Control of FX Uncertainty
Médecins Sans Frontières (MSF)/Doctors Without Borders is an international humanitarian organization, best known for their medical assistance in conflict zones and in countries affected by endemic diseases. MSF manages operations in more than 70 countries, providing medical support in the afore-mentioned areas. As a non-profit organization, MSF receives funding from…
Read moreHow to set up Intraday Bank Statement reporting in SAP
Intraday Bank Statements offers a cash manager additional insight in estimated closing balances of external bank accounts and therefore provides the information to manage the cash more tightly on the company’s bank accounts. Compared to intraday bank statement reporting, end-of-day (EOD) bank statement reporting is only available the next calendar…
Read moreHow to set up Intraday Bank Statement reporting in SAP
Intraday Bank Statements offers a cash manager additional insight in estimated closing balances of external bank accounts and therefore provides the information to manage the cash more tightly on the company’s bank accounts. Compared to intraday bank statement reporting, end-of-day (EOD) bank statement reporting is only available the next calendar…
Read moreStrategic Campus Expansion: VU University’s Growth and Innovative Financing in the Zuidas District
The Netherlands’ most compact university has a prime location: adjoining the capital’s Zuidas business district and the VU medical center. The VU’s situation is unique in that the city has grown towards it. Both its collaboration with the business sector and with the medical world takes place just a stone’s…
Read moreThe Matching Adjustment versus the Volatility Adjustment
On April 30th 2014, the European Insurance and Occupational Pensions Authority (EIOPA) published the technical specifications for the preparatory phase towards Solvency II. The technical specifi cations on the long-term guarantee package offer the insurers basically two options to mitigate ‘artificial’ fluctuations in their own funds, the Volatility Adjustment and…
Read moreWorking Capital Management…
Much has been written about COVID-19, its related shutdowns, financial impact and high levels of disruption caused. Although the direct effects of the virus have probably come to a halt, corporates are still facing its (in)direct consequences to this day. As the economy attempts to return to business as usual,…
Read moreThe impact of liquidity spread risk on banks’ earnings
External client rates can be split up in an interest-rate component, a liquidity spread and a margin covering, for example, operational and credit risk. To limit the risk of a decline in profitability, banks often hedge the interest-rate risk as part of their risk management framework. Since the global financial…
Read moreLiquidity buffer: a matter of customized solutions
Financial setbacks can occur due to, for example, higher construction costs, inability to invoice due to IT problems, or production falling behind due to staff shortages. Savings, also called liquidity buffer, give you some time in such situations to take measures to resolve the incidents. If these temporary liquidity shortfalls…
Read moreThe EBA faces banks with a new supervisory outlier test on net interest income
In this article, we focus on one of these consultation papers, which concerns updates to the supervisory outlier test (SOT) for the Economic Value of Equity (EVE) and the introduction of an SOT for Net Interest Income (NII). The current version of the IRRBB Guidelines, published in 2018, came into…
Read moreHow to setup a Vendor Supply Chain Finance Process in SAP
The debtor’s bank account will only be debited on due date of the payable; hence the bank finances the differential between the due date and the actual payment date towards the beneficiary for this pre-determined fee. This article elaborates on why and how corporates set-up an SCF scheme with their…
Read moreDemystifying blockchain security risks
To fully leverage the benefits of this technology, it’s essential to understand and address security threats when implementing blockchain solutions. As a decentralized distributed ledger technology, blockchain can add value as a platform that integrates a corporate’s operational processes with its treasury processes. This could drive treasury efficiencies and reduce…
Read moreImpact of climate change on financial institutions
The Bank of England is even of the opinion that climate change represents the tragedy of the horizon: “by the time it is clear that climate change is creating risks that we want to reduce, it may already be too late to act” [1]. This article provides a summary of…
Read moreTaulia’s Supply Chain Finance Solution
Efficiently managing working capital becomes more and more important for corporates in the current challenging economic conditions and disruptions in the supply chain. As a result, the market has seen an increased demand for early payments of receivables from corporates. Managing working capital is essential in maintaining the health or…
Read moreDriving Treasury Innovation: SAP Digital Currency Hub
In this article, we explore this stablecoin payments trial, examine the advantages of digital currencies and how they could provide a matching solution to tackle the hurdles of international transactions. Cross-border payment challenges While cross-border payments form an essential part of our globalized economy today, they have their own set…
Read moreSAP Treasury conference in Amsterdam
Of the many attending corporates and partners were offered the opportunity to hear the latest ins and outs of treasury transformation with S/4HANA. Next to the enhancements in S/4HANA Treasury, customers had a clear need to understand what it could means for their Treasury and how they could achieve…
Read moreEnvironmental and social risks in the prudential framework: Possible implications for banks
In October 2023, the European Banking Authority (EBA) published a report[1] with recommendations for enhancements to the Pillar 1 prudential framework to reflect environmental and social (E&S) risks, distinguishing between actions to be taken in the short term and in the medium to long term. The short-term actions are to…
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