Results for ‘funds’

Debt Market Update Q2-2024

The ECB reduced the deposit facility rate for the 1st time since September 2019. The recent 25 bps reduction leaves the rate at 3.75%. EU Loan & Bond markets see significant issuances in Q2 2024 during a period of lower spreads and significant demand from investors in European Corporate debt.…

How Takeda centralized its payments

To standardize banking connectivity worldwide, record all financial instruments and increase cash visibility, Takeda implemented Kyriba Treasury as its TMS back in 2019. Subsequent to this initial implementation, a second phase of the project – to implement the Payments module of the TMS – was embarked upon in 2022. For…

Sony’s Global Treasury Transformation

Sony decided to start Digital Transformation (DX) of global treasury functions by launching the METRO Project officially in May 2018 and completed it by October 2020, working remotely under the COVID-19 global pandemic. One of the biggest achievements of this project is the automation of the FX trading process. It…

How Royal FloraHolland grew a global cash management bank relationship from scratch

Royal FloraHolland is a cooperative of flower and plant growers. It connects growers and buyers in the international floriculture industry by offering unique combinations of deal-making, logistics, and financial services. Connecting 5,406 suppliers with 2,458 buyers and offering a solid foundation to all these players, Royal FloraHolland is the largest…

Navigating Structural Shifts: ING Experts Discuss Deposit Modeling in a Low-Interest Landscape

The low interest rate environment has faced banks with structural changes in customer behavior and converging products such as savings and current accounts. ING, one of Europe’s largest players in the savings market and a long-term client of Zanders, has positioned itself as one of the frontrunners in this environment.…

How Royal FloraHolland grew a global cash management bank relationship from scratch

In a changing global floriculture market, Royal FloraHolland created a new digital platform where buyers and growers can connect internationally. As part of its strategy to offer better international payment solutions, the cooperative of flower growers decided to look for an international cash management bank. Royal FloraHolland is a cooperative…

Greenpeace’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…

Insights into cracking model risk for prepayment models

Within the field of financial risk management, professionals strive to develop models to tackle the complexities in the financial domain. However, due to the ever-changing nature of financial variables, models only capture reality to a certain extent. Therefore, model risk - the potential loss a business could suffer due to…

Financing 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…

The 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…

Software

End of Days: Calling Time on Swift’s Outdated Cross-border Payments Model

The evolution of the payments industry over the past 20 years has been significant, both in terms of the number of available settlement methods and how transactions can now be made. At a global industry level, there has been a greater focus on payments since G20 leaders endorsed the Roadmap…

Advanced Fraud Detection: AI Solutions for VAT Carousel Fraud in Banking

VAT Carousel Fraud (VCF) is a significant issue in the EU, costing an estimated €25-50 billion annually. We helped one of the largest Dutch banks become the first to develop a machine learning model specifically tailored to detect this type of fraud. Challenge​ A team within the bank manually identified…

FINMA Circular on Nature-Related Financial Risks 

Introduction In December 2024, FINMA published a new circular on nature-related financial (NRF) risks. Our main take-aways:  NRF risks not only comprise climate-related risks, but also other nature-related risks (such as loss of biodiversity, invasive species and degradation in the quality of air, water and soil). However, risks other than climate-related…

Achieving ALM Excellence through Bank Treasury Frameworks

Managing banking book risk remains a critical challenge in today’s financial markets and regulatory environment. There are many strategic decisions to be made and banks are having trouble applying homogeneous hedging approaches across their balance sheet. As shown in the EBA’s IRRBB implementation heatmap of last February, hedging strategies and…

Partnering with Nationaal Warmtefonds: From Niche Fund to Becoming a Key Pillar in the National Energy Transition

Nationaal Warmtefonds was established in 2013 as an experimental fund backed by the Dutch government to help homeowners make their houses more energy efficient. Today, it's a key player in the Netherlands’ climate ambitions, granting over 1.8 billion euro of loans and helping more than 130.000 households make their homes…

New challenges for banks’ ESG strategy and risk management

Over the past decade, regulatory expectations on European banks’ ESG frameworks have evolved from voluntary disclosure initiatives to detailed operational requirements. While certain regulations such as CSRD and CSDDD have been watered down as part of the Omnibus Directive, EUs climate goals and Climate Law remain intact. The EBA Guidelines…

From Cash Visibility to Cash Value with Cash and Liquidity Management

Introduction In the previous article, From Day 1 to Strategic Partner: Building a Treasury Function for a Carved-Out Business, we highlighted the importance of a tailored target operating model (TOM) to establish a solid strategic and organizational base for the new treasury. Following the definition of the treasury TOM and…

Intra-Group Loans Transfer Pricing: What’s Important in 2026?

Recent case law and regulatory developments provide useful guidance on what to expect in 2026 and on the approach that should be followed to mitigate the risk of challenges on intra-group loans. Historically, tax authorities focused primarily on interest rate benchmarks when reviewing intra-group loans, cash pools and guarantees. Today,…