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UMG Case Study: Using ISO 20022 XML to harmonize bank interfaces Case Study
Apr., 2013UMG Case Study: Using ISO 20022 XML to harmonize bank interfaces
Apr., 2013Universal Music Group (UMG), owned by Vivendi, is the world's largest music content company with market-leading positions in recorded music, music publishing and merchandising. As a truly global company, Vivendi wanted to streamline how UMG interacted with its banks by using the ISO 20022 XML standard for UMG's credit transfer messages and SWIFTNet for data transmission. In the U.S., where UMG works with Bank of America Merrill Lynch, the bank supported this change. It also worked to ensure UMG's lockbox and Payee Positive Pay would continue to function effectively following its migration to a new SAP environment, prompting the move to the ISO 20022 XML standard.
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In Sharp Focus The Treasurer
Apr., 2013In Sharp Focus
Apr., 2013Risk is firmly under the lens of global boards. So how can treasurers prepare for the new threats that continually appear on the horizon? Francyn Stuckey shares her thoughts.
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Key Performance Indicators: Drive performance, get results White Paper
Apr., 2013Key Performance Indicators: Drive performance, get results
Apr., 2013Many treasurers aim to position themselves as a strategic advisor within their organization — but how can this be achieved? Quantifying treasury's performance and communicating the findings to internal stakeholders is an important part of the process. While the prospect of inviting closer scrutiny may be daunting, the use of key performance indicators (KPIs) can be a valuable tool in driving performance improvements — and improving treasury's profile within the company.
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Time to Embrace SEPA's Opportunities TMI
Apr., 2013Time to Embrace SEPA's Opportunities
Apr., 2013The mandatory move from national payments and collections instruments to Single Euro Payment Area (SEPA) instruments on February 1, 2014 offers German corporations, and multinationals based in Germany, a huge opportunity. At a stroke, many of the barriers to treasury efficiency will be removed. Moreover, from a payment perspective, companies will be able to expand as easily within the SEPA area (which includes the 27 EU members, as well as Iceland, Liechtenstein, Norway, Switzerland and Monaco) as they would domestically.
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Understanding Payments and Hedging in India gtnews
Apr., 2013Understanding Payments and Hedging in India
Apr., 2013India's economy is a key driver of global growth and an increasingly popular location for multinationals. To achieve their objectives around supporting local operations, investing, or trading in rupee, corporate practitioners must understand India's payment system, the benefits of rupee invoicing and the opportunities for hedging.
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Connecting custody, connecting globally Global Custodian
Apr., 2013Connecting custody, connecting globally
Apr., 2013What once was a niche offering at Bank of America before its merger with Merrill Lynch is now a core global securities servicing capability within the entity. Morgan Downey, global head of Global Custody and Agency Services, Bank of America Merrill Lynch, explains to Global Custodian how enhancing its custody offering, and aligning its global securities processing platform, is helping clients take a holistic view of their businesses during a time of unprecedented regulatory and reporting challenges.
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Does your broker run a 4.19 or a 4.82 40? Speed Matters! Trader Trends
Apr., 2013Does your broker run a 4.19 or a 4.82 40? Speed Matters!
Apr., 2013In searching for hard to find liquidity, today's traders are increasingly relying on more aggressive algorithms to intelligently source safe trading venues. BofAML research has shown that dark liquidity can significantly improve order performance. BofAML has developed new routing technology, Instinct Access™, to reach these venues more quickly and actively than ever before.
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Global Trade Roundtable Treasury Today
Apr., 2013Global Trade Roundtable
Apr., 2013What are the key trade issues for the coming year – and more importantly, how will they be managed? Global and regional Heads of Trade from Bank of America Merrill Lynch discuss the topics that matter, providing region-by-region insight for corporate treasurers the world over.
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2013 CFO Outlook Research
Mar., 20132013 CFO Outlook
Mar., 2013Will the post-election landscape create a path for growth? Our annual CFO Outlook study provides new insight into what U.S. financial executives are thinking and planning for the months ahead.
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Swaps: Dynamically Financing Your Portfolio Trader Trends
Mar., 2013Swaps: Dynamically Financing Your Portfolio
Mar., 2013Take advantage of short term funding movements by varying your roll dates. Using data from 2000-2012, BofAML's Delta One Desk calculates that the implied funding cost in S&P 500 futures cheapens on average by 3bps post expiration. As expiration gets closer, long SPX futures rollers drive rolls richer. In Q4 2012, our most recent and extreme example, funding richened 51bps over the last two weeks of the roll and then cheapened 35bps three days after expiration.
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The Key to Unlocking Asia gtnews
Mar., 2013The Key to Unlocking Asia
Mar., 2013The pace of regulatory liberalisation of currencies and rules is quickening in Asia Pacific, with reform of the renminbi (RMB) in China in particular, opening the way for integration into regional and global treasury and liquidity structures, potentially lessening the occurrences of trapped cash.
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A Mobile Future for the Corporate Treasury gtnews
Mar., 2013A Mobile Future for the Corporate Treasury
Mar., 2013Overcoming concerns about security could take time, but corporate treasurers need to recognise the significant opportunities and benefits that mobile devices, such as tablets or smartphones, present for the profession, including greater productivity via ‘on the move' authorisations and more flexible, resilient working practices.
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How Mobile Connectivity is Changing Treasury Management White Paper
Mar., 2013How Mobile Connectivity is Changing Treasury Management
Mar., 2013Connectivity through mobile phones and tablets is set to transform treasury management - but this change is driven by the consumer online experience. How long before we're 'friending' our suppliers and 'liking' our banks? This article looks at how mobile connectivity can really benefit corporate treasury.
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HTML5 Means Smarter Applications FX-MM
Feb., 2013HTML5 Means Smarter Applications
Feb., 2013Milton Santiago, Managing Director, Global eCommerce, at Bank of America Merrill Lynch,takes a look at HTML5 and its wider implications for FX and payments applications.
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When Treasury Meets Trade White Paper
Feb., 2013When Treasury Meets Trade
Feb., 2013Gone are the days when treasury management and trade finance are seen as two separate topics. Financial institutions and technology vendors are similarly aligning themselves to provide an integrated working capital offering — but challenges remain and the ability to demonstrate and quantify the company's return on investment is paramount.
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Managing Risk with Patient and Payment Information Product Video
Feb., 2013Managing Risk with Patient and Payment Information
Feb., 2013A video discussion on the risks of paper use in patient payment processing offers ways Bank of America Merrill Lynch can help.
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Building Treasury's Influence White Paper
Feb., 2013Building Treasury's Influence
Feb., 2013Treasury processes touch many functions across an organization — but all too often, leaders in other departments may have a limited understanding of how treasury can help them further their goals and inform their strategic decisions. By working to develop business relationships with their peers across the company, treasurers can enhance their profile, improve their understanding of treasury's role across the organization, increase their involvement in company-wide projects — and gain a seat at the decision-makers' table.
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Fed Funds Rate Announcements Affect Overall Market Volume Trader Trends
Feb., 2013Fed Funds Rate Announcements Affect Overall Market Volume
Feb., 2013Volume prediction and real-time volume tracking play a key role in algorithmic performance, especially for long-duration Scheduling strategies. Special market events can concentrate liquidity at certain times of day and alter the overall volume profile. At BofA Merrill Lynch we have found that Fed Funds Rate announcements affect the volume curve at the time of the announcement and affect overall market volume on the announcement day and the following 2 trading days.
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Summer scorcher: Will US bond markets continue their heat into winter? CapitalEyes
Jan. - Feb., 2013Summer scorcher: Will US bond markets continue their heat into winter?
Jan. - Feb., 2013Bond investors continue to snap up corporate debt in favor of nearly zero return U.S. securities. The robust high-yield debt market had ramifications for the asset-based lending (ABL) market as well; in particular as it relates to the mergers and acquisitions markets. Deals are matching up high-yield bonds with ABL as an attractive form of enacting buyouts. Since the summer high, there has been somewhat of a breathing spell, but the benefits of combining ABL, senior debt structure with high yield bonds continues to be an attractive alternative.
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Lenders remain hopeful, despite 2012's bumpy road CapitalEyes
Jan. - Feb., 2013Lenders remain hopeful, despite 2012's bumpy road
Jan. - Feb., 2013Despite the year starting off strongly, it ended with more uncertainty than ever. Still, lenders and factors took 2012's challenges in stride by exploring new markets and expanding their product offerings.
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Business Capital Asset-Based Financing Solutions (Jan./Feb. 2013) CapitalEyes
Jan. - Feb., 2013Business Capital Asset-Based Financing Solutions (Jan./Feb. 2013)
Jan. - Feb., 2013See some examples of how Bank of America Business Capital is helping provide working capital solutions, innovative ideas and practical advice to its clients, such as the recent $100 million Asset Based refinancing for Haggar, Inc. and the $45 million working capital loan to Safariland, a manufacturer of protective apparel and products. Visit the Deals & Transactions section of our web site for more examples in action.
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Optimism and Pragmatism: The Outlook for 2013 gtnews
Jan., 2013Optimism and Pragmatism: The Outlook for 2013
Jan., 2013With gross domestic product (GDP) dropping across the globe and slowing economic growth affecting the emerging markets, 2013 is shaping up to be another difficult year. Carole Berndt discusses what treasurers can anticipate in an environment where an increased pace of work is the reality and preparing for the challenges ahead is a must.
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CashPro® Connect video Product Video
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CashPro® Online video Product Video
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CashPro® Payments video Product Video
Jan., 2013
