Dr. Sven Vorstius, Head of Interest Rate Risk Management at Bayer AG treasury, in his presentation, at Eurofinance's Internation Conference in Rome, made a vital point about balancing cash buffers with an effective combination of financing of different maturities. His single slide entitled Financing Structure: Liquidity Management - Strategic Liquidity said it all:Dr. Sven Vorstius, Head of Interest Rate Risk Management at Bayer AG treasury, in his presentation, at Eurofinance's Internation Conference in Rome, made a vital point about balancing cash buffers with an effective combination of financing of different maturities. His single slide entitled Financing Structure: Liquidity Management - Strategic Liquidity said it all:

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This simple chart displays the vital and complex art of group/company financing beautifully. It also shows how strategic and well balanced Bayer AG's financing programme is.