Results for ‘funds’
Virtual Account Concepts
There are many concepts in which a virtual account can be deployed. In this second article on ‘How to setup virtual accounts in SAP’, we depict the concept that can be implemented in SAP the easiest without needing specialized modules like SAP Inhouse cash; all can be supported in the…
Read moreWhy would a Treasury implement virtual accounts? How to setup virtual accounts in SAP, Part I
Are you interested in how these can help your Treasury and how to implement them in SAP? Look no further; in this article we will guide you through the first steps of virtual accounts in SAP. What are virtual bank accounts? In its most basic form, a virtual bank account…
Read moreMuniFin builds balance sheet strength for sustainable growth
As MuniFin has been growing fast in recent years, the bank is now under the supervision of the European Central Bank (ECB). This means complying with the corresponding regulations, particularly in the field of asset and liability management (ALM). How does the organization deal with the new ALM challenges? MuniFin,…
Read moreEndemol Shine Group’s new Treasury show
Endemol Shine Group (ESG), a private equity-owned, Dutch-based media company with global operations, is the world’s largest independent producer and traveler of formats. The company has grown mainly through acquisitions, resulting in a treasury organization that was largely decentralized. In 2017, the new treasury team opted for a full treasury…
Read moreUpdated IRRBB guidelines pose new challenges for banks
This long-awaited update for the management of Interest Rate Risk in the Banking Book (IRRBB) builds on the original guidelines published in May 2015. It also effectively is the translation to European law of the IRRBB Standards published by the Basel Committee on Banking Supervision (BCBS) in April 2016. Market…
Read moreMortgage valuation, a discounted cash flow method
The most common valuation method for mortgage funds is known as the ‘fair value’ method, consisting of two building blocks: the cash flows and a discount curve. The first prerequisite to apply the fair value method is to determine future cash flows, based on the contractual components and behavioral modelling.…
Read moreThe hybrid role of Treasury at Boskalis
In the first hundred years of its existence, Boskalis was purely a dredging company. In 2010 the company – to give it its full name Royal Boskalis Westminster NV- acquired a number of other companies and, as a result, evolved from a dredging to maritime service company offering various services…
Read more7 Steps to Treasury Transformation
Treasury transformation refers to the definition and implementation of the future state of a treasury department. This includes treasury organization & strategy, the banking landscape, system infrastructure and treasury workflows & processes. Introduction Zanders has witnessed first-hand a treasury transformation trend sweeping global corporate treasuries in recent years and has…
Read moreFMO: Investing in development
FMO provides financing for companies in Africa, South and Central America, Asia, and Eastern Europe, and its mission is to empower entrepreneurs to build a better world. “And in the context of this mission we have two objectives,” says Paul Buijze, FMO’s director of finance & mid-office. “We only finance…
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 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 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 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 moreNationale-Nederlanden – Assured of straightforward Banking Services
In the Netherlands of the eighteenth century, a diverse range of regional funds was set up to reduce the risk of setbacks in certain professions or in vulnerable regions. Two national life insurance companies, De Nederlanden van 1845 and Nationale Levensverzekering-Bank, over the course of the nineteenth and twentieth centuries,…
Read moreGreenpeace’s safe choice for sustainability
Caring for the environment has, for many years, no longer conjured up a vision of living an alternative lifestyle; it’s become an accepted fact of international business life. Our current sustainable mindset owes a great deal to the awareness campaigns carried out by environmental organizations such as Greenpeace. This movement…
Read moreFinancing Structure for Audiological Care at Pento
The regulatory changes in the healthcare sector have put smaller establishments with specific care functions in a tight corner. Audiological centers, such as those run by Pento, are among them. In audiological care, the outlay precedes the benefits, yet the bank is setting more stringent financing conditions. How is Pento…
Read moreTU Delft invests in real estate using insightful financial prognoses
The Delft University of Technology (TU) aims to be a world-class institution with excellent research in specific disciplines. In order to achieve this, it needs good research facilities. A substantial part of the current facilities is up for renovation. How can this be financed in times of cost cutting? More…
Read more
