KYC has become a serious concern for EACT members over recent years: it is increasingly complex to fulfil all unstructured and nonharmonized requests. In all recent surveys, KYC is listed as a top priority for corporates and its rising costs are a source of frustration as KYC consumes lots of time, resources and money. Central KYC registers or solutions would create significant savings.
.png "To be or Not to be in? That’s the Question for Cross-Border Payments with the UK")
Since the UK has remained part of the Single Euro Payments Area (SEPA) scheme, some banks and corporates were not too worried about Brexit from a payments’ perspective - as the cheap and efficient handling of payments seemed guaranteed. However, some banks have seized the opportunity to increase fees for payments to and from the UK.
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We are delighted to announce Deutsche Bahn as the winner of the 2021 EACT Award for the company's impressive Digital Treasury project. We'd like thank all participants for their entries.
Read.png "Schuldschein: Helping SITA Rebuild the Airline Sector")
When global air transport infrastructure provider SITA was seeking to extend its cash buffers, Germany’s Schuldschein market caught the eye of its Group Treasurer and Finance Director, Andrea Sottoriva. TMI talks to him about how issuing debt mid-pandemic has been a positive experience for all.
Read.png "Beat Deadline Drama by Tackling the LIBOR Transition Today")
The end date for LIBOR is just months away. For those treasurers who haven’t acted already, now is the time to identify LIBOR exposures, have a contingency plan for accidental oversights, and understand the different challenges presented by the new market risk-free rates.
Read.png "Crisis Coping Strategies")
Treasurers are dealing with stress like never before, perhaps, but then they were always used to being put under pressure, surely, and should be able to cope fine with a bit of lockdown, right?
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