The Association of Financial Professionals (AFP) has published its latest CTC Guide on Centralization of Treasury in a Global Context, by WWCP Ltd. The guide is available to the AFP's corporate treasury members and can be downloaded from the association's website. 

The guide is the first in a series on Global Interconnectivity. It assesses the trend for centralisation of treasury in light of developments in technology and changes in regulation. It examines the potential treasury structures that enable efficient cash and risk management on a regional or global scale, covering the following case studies and topics:

• the benefits of centralising for regional treasury centres;
• moving to a second-generation structure;
• using regulatory change as a catalyst to transform treasury;
• the importance of location;
• the importance of language skills in a shared service centre;
• implementing a centralised structure; and
• managing decentralised activity.

The guide, which helps treasurers evaluate various centralised structures, is the first in a series that will “look in more detail at some of the different structures and techniques, and how to manage communications between the treasury, group entities and other parties, such as banks”.