-
Canada and the U.S. Managing Cash Across the Border Article
Jun., 2013Canada and the U.S. Managing Cash Across the Border
Jun., 2013Companies that operate in Canada, whether Canadian or from the U.S., are changing how they manage their treasury operations. With global banks responding to these changes by offering solutions to facilitate more efficient cash flows, companies may use this opportunity to rationalize domestic versus regional treasury operations.
Download PDF (934 KB) More -
The Collaboration Effect: CashPro® Advisory Board Turns Client Insights into Competitive Advantages Case Study
May, 2013The Collaboration Effect: CashPro® Advisory Board Turns Client Insights into Competitive Advantages
May, 2013For the past eight nine years, treasury executives from more than two dozen companies nationwide have gathered semiannually in Chicago to play a uniquely hands-on role in shaping the financial tools they count on from Bank of America Merrill Lynch every day. As members of the CashPro® Advisory Board, these companies have become major contributors — and stakeholders — in the dramatic evolution of what was once a burgeoning online treasury management system into a highly advanced global platform providing single sign-on access to their full range of banking capabilities. The collaboration has led to big ideas, better implementation and a client-centric CashPro® Online experience that produces competitive advantages for the bank and its clients.
Download PDF (632 KB) More -
Making the Move from Paper to Electronic Payments TMI
May, 2013Making the Move from Paper to Electronic Payments
May, 2013Companies have much to gain by making the move from paper to electronic payments, whether it's by using the ACH network, initiating wire payments or implementing a commercial card program. Whatever the channel, before embarking on an electronic migration project, companies should take the time to understand all of the potential benefits, set realistic goals, and identify the possible–but often avoidable–obstacles. Engaging a third party provider early in the process can help with the more challenging aspects of the exercise.
Download PDF (1 MB) More -
Business Continuity Planning TMI
May, 2013Business Continuity Planning
May, 2013Business Continuity Planning (BCP) is the process used by companies to prepare for a wide range of disruptions before they happen, enabling the enterprise to resume normal operations as quickly as possible. This article, part of the TMI North America Supplement, explains the importance of BCP for treasury organizations and outlines the four stages involved in developing a new, or refreshing an existing, continuity plan.
Download PDF (161 KB) More -
Optimizing FX Risk Management TMI
May, 2013Optimizing FX Risk Management
May, 2013With international expansion a key business growth strategy for companies, foreign exchange (FX) risk is at the forefront of treasurers' minds. By establishing responsive FX and investment policies and making use of the wide array of product sets available, companies have an opportunity to achieve best practice in FX risk management.
Download PDF (154 KB) More -
Visibility & Control: Bechtel's Five-Year Mission TMI
May, 2013Visibility & Control: Bechtel's Five-Year Mission
May, 2013An effective global operating model can benefit treasury in numerous ways – but for companies with operations in multiple countries, regulatory variations can make it difficult to apply a single model in a consistent way. Nellie Lee, Assistant Treasurer at engineering and construction giant Bechtel Group, Inc., talks one-on-one with Liz Minick, Head of U.S. Corporate Treasury Sales at Bank of America Merrill Lynch, about how Bechtel took up the challenge with remarkable success.
Download PDF (3 MB) More -
Integrating Acquisitions: the value-add TMI
May, 2013Integrating Acquisitions: the value-add
May, 2013With the merger and acquisition (M&A) market showing a marked improvement in the early weeks of 2013, many companies are facing the challenges of combining the new companies. Beyond the basic requirements of aligning the new company's cash management and systems infrastructure, what else will be required and how can treasurers add value to the integration process?
Download PDF (179 KB) More -
Reducing Fraud Risk: Easier than you think TMI
May, 2013Reducing Fraud Risk: Easier than you think
May, 2013Most treasurers are concerned about the impact of fraud and other forms of cybercrime on their businesses. But there is much that companies can do to help protect themselves from the risks – and often the cheapest and simplest strategies are the most effective. This article, part of a larger TMI North America Supplement, explores reducing fraud risk.
Download PDF (1 MB) More -
Time to Look at SWIFT: Has a tipping point been reached? TMI
May, 2013Time to Look at SWIFT: Has a tipping point been reached?
May, 2013Corporate interest in SWIFT connectivity is at an all-time high. Once seen as an option suitable only for a handful of corporations large enough to justify the costs, over 1,000 companies are now connected to SWIFT – and demand continues to rise. But what is driving this interest and how are companies migrating to SWIFT in practice? This article, part of a larger TMI North America Supplement, explores that question.
Download PDF (1 MB) More -
Risky Business: Managing risks before disaster strikes Article
May, 2013Risky Business: Managing risks before disaster strikes
May, 2013Whether it's a drought, an earthquake or a storm the size of Hurricane Sandy, natural disasters expose businesses to losses that can persist long after the event has passed. A strong risk management strategy can help prevent damage, control costs and in some cases, even create new value.
Download PDF (706 KB) More -
The World of Receivables within Shared Service Centres FX-MM
May, 2013The World of Receivables within Shared Service Centres
May, 2013Bruce Meuli and Ad Van der Poel, examine the benefits of receivables centralisation and the impact that SEPA is having on the receivables landscape.
Download PDF (507 KB) More -
Play to your strengths: how banks can stay at the heart of the payments system Banking Technology
May, 2013Play to your strengths: how banks can stay at the heart of the payments system
May, 2013Greg Murray and Matthew Levenworth examine how aspects of traditional payments infrastructure need to be re-thought, and the banking industry must address client's changing expectations to remain relevant. Coming to grips with fast-evolving new technologies can be challenging, but it is essential if banks are to retain their pivotal position in the payments world.
Download PDF (76 KB) More -
The Evolution of Shared Service Centres gtnews
May, 2013The Evolution of Shared Service Centres
May, 2013Shared service centres (SSCs) have steadily expanded beyond their original basic remit of assisting cost efficiency, financial and risk management. This article examines the growing number of functions that they perform for treasury and suggests how developments such as the single euro payments area (SEPA) is likely to further expand their range.
Download PDF (417 KB) More -
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.
Download PDF (532 KB) More -
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.
Download PDF (760 KB) More -
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.
Download PDF (1 MB) More -
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.
Download PDF (75 KB) More -
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.
Download PDF (552 KB) More -
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.
Download PDF (299 KB) More -
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.
More -
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.
Download PDF (954 KB) More -
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.
Download PDF (6 MB) More -
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.
More -
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.
Download PDF (898 KB) More -
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.
Download PDF (282 KB) More
