Being local globally is reality for Finland’s elevator-making giant Kone, delivering 500 elevators a day around the world. Yet a tougher central grip on the group’s cash and banking has proven successful, group treasurer Sirkku Markula told the delegates at Treasury 360 Helsinki.
An overnight lending rate will replace the role of STIBOR in the Swedish market. This was the “99 percent probability” guess by Patrik Sandell of KPMG at Treasury 360 Stockholm.
A home-styled ”payment factory” became the answer as Sweden’s steel giant was becoming ever-more global. Kati Vellinki, group cash manager of Swedish steel maker SSAB presented her account of the change process at Treasury 360 Stockholm.
Finland’s treasury Software-as-a-Service veteran Analyste continues its journey by taking on international expansion – backed by investment firm Verdane who stepped in as owner last year. A recent contract with Sweden’s Kommuninvest was one important step.
Blockchain technology and other trends in modernising payments were among the topics of the international treasury press last week. And get prepared for robots on your treasury team.
A look at the current top stories with US-based news site Treasury & Risk shows how the work at corporate treasuries has shifted drastically this summer – to make the most out of plummeting borrowing costs.
Drastically falling 10-year government bond yields have been part of the turbulent financial scenery of the past week. Financial Times says Sweden headed the world race.
Six European banks take part in tests where Eurosystem’s TIPS platform is used to settle payments with ECB within seconds of the Swift payment message being sent.
Bond spreads are up 50 points, the head of the euro area’s crisis fund points out – as he warns Greece against announced alleviations for tax payers and pensioners which would have the country flunk its obligations.