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CTMfile Update 11th Aug 2019

For corporate treasury departments world-wide

Dear [fullname,fallback=],

August is typically a 'slow-news' month, last week was no exception, but there was one major story from Bloomberg as they explained their new approach to FX hedging that optimises the balance of currency earnings-at-risk vs. cash-flow-at-risk to minimise overall FX impact on companies. The other development was the introduction of several new features in payment systems: progress on the use of blockchain in payments; the use of digital signatures; and new real-time system coming from the Fed in the USA. Plus a new partnership on FX hedging from Kantox and Silicon Valley Bank.

Don't miss PwC's Bas Rebel WEBchat on "The workforce of the future".

Plus Top Tips on a new approach to FX hedging and the best News from the Web this week; and much, much more.

Enjoy.

Regards, Jack Large
Editor, CTMfile
Follow @CTMfile on Twitter.

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Top tips

% FX hedged no longer cuts it

8th Aug 2019
Bloomberg new service shows strategic approach to FX risk management required balancing currency earnings-at-risk v. cash-flow-at-risk

Latest developments

Commerzbank tests blockchain-based machine-to-machine payment solution for the first time

9th Aug 2019
First use of cash on ledger for automated M2M payment processing in cooperation with Daimler Trucks.

Deutsche Bank rolls out digital signatures for clients in Asia Pacific

9th Aug 2019
The solution is now available in 21 countries for the bank's clients.

US Fed to develop real-time payment and settlement rival to The Clearing House

8th Aug 2019
The FedNow Service looks like it will be fighting for business with the existing RTP network from The Clearing House.

Treasurers looking to new FX risk mitigation strategies, survey finds

6th Aug 2019
To minimise FX losses, executives are reviewing formulas to balance Cash Flow at Risk and Earnings at Risk.

How to evaluate TMS solutions

5th Aug 2019
Which approach are you comfortable with?

Kantox and Silicon Valley Bank partner on FX hedging technology to UK corporates

7th Aug 2019
The micro-hedging solution is designed to automate FX risk management.

Workforce of the future

5th Aug 2019
Key skills and competencies for the treasurer of the future and what to look for in new hires

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News from the Web

Renewable energy is good money, not just good for the earth

5th Aug 2019 from The Financial Times (paywall)

Why the China-U.S. Trade Conflict Won’t Become a Currency War

7th Aug 2019 from Wharton

How Blockchain Will Redefine Supply Chain Management

7th Aug 2019 from Wharton

Only three in 10 exporters ready for no-deal Brexit

5th Aug 2019 from The Financial Times (paywall)

Other developments

Mastercard acquires Nets’ account-to-account payment business

8th Aug 2019
The move is designed to meet application, service and payment needs of customers across card and account-to-account payments.

Standard Chartered completes cross-border LC blockchain transaction with PTT Group

7th Aug 2019
The transaction is the first cross-border letter of credit issued over the Voltron blockchain platform in the oil industry.

Salesforce joins US Mastercard small business programme

7th Aug 2019
Card giant adds customer relationship management tool to its small business proposition

HSBC expands pan-European commercial cards to nine currencies

9th Aug 2019
Six additional European currencies have been added to the existing euro, US dollar and pound sterling capabilities.

C2FO raises US$200m led by SoftBank Vision Fund

8th Aug 2019
Investment will be used for technology development and international growth for the working capital marketplace.

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