EACT Award 2021

The EACT is delighted to launch the second edition of the EACT award. Each of our 23 national treasury associations members can nominate one outstanding treasury project from within their membership for this award. A jury will shortlist nominees, with Treasurers voting to designate the winner in June 2021. The 2020 award went to JTI for its use of data science for cash flow forecasting.

With this award, the EACT wants to celebrate achievements that advance development of treasury, inspiring treasury professionals to excel.

Development is broadly defined as a positive evolution that can result from innovation, contribution to sustainable growth, or the setting of standards for best practices.

Projects comprising an implementation period between 19 February 2020 and 16 April 2021 are eligible to apply for the award. Your national treasury association will share further details on the local submission and selection process within the coming weeks.

The jury will assess the nominees based on the following criteria:

1 Innovation Do new things or do classic things in a new way
2 Reach The project could be implemented in many geographies/ sectors
3 Environment, Social & Governance Contribute to make the world a better place
4 Excellence Aim at perfection
5 Economics Achieve monetary benefits, risk-adjusted
6 Inspiring The 'wow' factor

Articles


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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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Photo from EACT Award 2021: And the Winner is...

EACT Award 2021: And the Winner is...

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.

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Photo from Schuldschein: Helping SITA Rebuild the Airline Sector

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.

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Photo from Beat Deadline Drama by Tackling the LIBOR Transition Today

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.

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Photo from Crisis Coping Strategies

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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