With macroeconomic uncertainty taking the wind out of the sails of a globalisation process that has played out over the past few decades, corporate treasurers find themselves posed with a particular conundrum. How can they secure their own working capital positions without adversely affecting their supplier base? One solution gaining favour is payables finance – a buyer-led programme that enables suppliers to sell their receivables contracts to receive early payment at a financing rate linked to the buyer’s credit profile. In an article for CTM file, Deutsche Bank’s Christian Hausherr explores how payables finance is helping to drive stability in the face of uncertainty.
The importance of expanding access to SCF: Commerzbank’s Alexander Pawellek writes for The Global Treasurer
Large enterprises have traditionally led the way in adopting supply chain finance programmes. But this trend is slowly changing.
Writing for The Global Treasurer, Alexander Pawellek, Head of Product Management, Supply Chain Finance & Innovation at Commerzbank, sets out why expanding access to supply chain finance (SCF) is one crucial aspect of the bank’s strategy. According to Pawellek, the benefits are clear: by providing access to working capital that would otherwise be unavailable, financial institutions are striving to create new opportunities for small businesses to engage in global supply chains.
To read the full article, please click here.
Natixis’ Head of CIB Marc Vincent discusses the bank’s expansion in Saudi Arabia with Arab News
Speaking to Arab News, Marc Vincent, Natixis’ Global Head of Corporate and Investment Banking, comments on the bank’s expansion in Saudi Arabia and the importance of establishing a presence in the region. Saudi’s economic strength has been a significant draw for Natixis’ expansion, despite ongoing political unrest and economic uncertainty in the Middle East.
Natixis is currently waiting for final approval to set up in Saudi Arabia, but Vincent notes that the company has ambitions for their presence in the Saudi market and that they could bring “credibility and expertise” to the Kingdom.
To read the full article, please click here.
Natixis’ Eric Arnould and Anne-Christine Champion discuss the emergence of ‘green unicorns’ in IFR article
In a guest commentary for IFR, Eric Arnould, Global Head of Equity Capital Markets, and Anne-Christine Champion, Global Head of Real Assets at Natixis CIB, discuss why investors need to watch out for the emergence of Europe’s ‘green unicorns’ – private companies that specialise in generating power from renewable wind and solar sources.
The success of green unicorns is underpinned by their profitable growth, which is reflected in investor confidence and leads to high-profile financial transactions. The hope is that the next breed of green unicorns “will prompt other industries to adapt and shape their models, thereby promoting sustainability and safeguarding the environment for all”, explain Arnould and Champion.
To read the full article, please click here.
Deutsche Bank to transform its virtual account offering With Tieto, covered by the specialist press
Deutsche Bank AG today announced that it has signed a Letter of Intent with Tieto, a leading Nordic provider of IT software and services, to leverage the company’s product suite to transform its existing Virtual Account services towards an extended offering that will open up new opportunities for corporate treasurers.
As a first step, Deutsche Bank will leverage Tieto’s Virtual Account Management (VAM) platform as a complementary technology solution that can seamlessly integrate with its award winning Cash, Trade and FX platform, thus further enhancing its cash management offering to the benefit of its corporate clients.
“At Deutsche Bank, we are focused on offering real-time, rules-based solutions for multi-currency liquidity, funding and risk management, which can be digitally configured and signed directly by our clients,” says Vanessa Manning, Global Head Liquidity Products at Deutsche Bank.
Following Moorgate’s outreach, the news was covered by TMI, Finextra, CTMfile, Fintech Futures, The Paypers, Electronic Payments International, IBS Intelligence , Fitness Financiario , Fintech In Shorts
Natixis’ Michael Haize talks to Bloomberg on the deal pipeline of Europe’s bond market
Speaking to Bloomberg, Michael Haize – Global Head of Debt Capital Markets at Natixis – comments on Europe’s primary bond market jumping back to life after a few slow days, revival that has opened the prospect of a record year for issuance.
Haize notes that “there are quite a lot of transactions in the pipeline”, which suggests borrowers are seeking to get ahead of risks like Brexit and trade tensions. “After the blackout period I don’t see the market slowing down”, explains Haize.
To read more, please click here.
Writing for TRF News, ExWorks Capital’s Chris Ash discusses how alternative financiers are taking the path of cross-border receivables
Writing for TRF News, Chris Ash, Managing Director at ExWorks Capital, discusses the need to extend cross-border receivables finance to a greater range of businesses to ensure timely payments and cash-flow optimisation.
As lending appetite continues to shrink across the board, alternative financiers are stepping in to provide flexible, tailored solutions to ensure SMEs are able to access this product, enabling them to run their supply chains more efficiently while optimising liquidity.
To read the full article, please click here (paywall).
Natixis’ Eric Arnould and Anne-Christine Champion discuss the emergence of green unicorns in Environmental Finance
Writing for Environmental Finance, Eric Arnould, Global Head of Equity Capital Markets, and Anne-Christine Champion, Global Head of Real Assets at Natixis CIB, discuss the explosive growth of “green unicorns”. They represent mid-sized companies specialising in generating power from renewable wind and solar sources, with valuation close to or above €1 billion.
To ensure continued growth and support for green unicorns, these companies require a stable environment, including a “clear and consistent regulatory and tax framework, and ambitious goals for investment in the fight against climate change”, explain Arnould and Champion.
To read the full article, please click here (paywall).
Writing for TRF News, ExWorks Capital’s Chris Ash discusses how alternative financiers are paving the way forward in supply chain finance
Writing for TRF News, Chris Ash, Managing Director at ExWorks Capital, discusses how alternative financiers are playing an important role in the supply chain finance space, especially when it comes to small businesses finding it difficult to access the capital they need.
As the supply chain finance industry continues to evolve, alternative financiers are extending the benefits of techniques such as supply chain finance to a wider range of businesses – particularly SMEs.
To read the full article, please click here (paywall).
Global Credit Data’s Richard Crecel discusses the importance of benchmarking credit losses in interview with The Corporate Treasurer
Speaking with The Corporate Treasurer, Global Credit Data’s Executive Director Richard Crecel discusses the company’s origins, its objectives and the importance of benchmarking credit losses.
Since the 2008 financial crisis, banks have had to adjust internal mechanisms and processes, such as
those for predicting losses, to align with regulators’ directives.
“That is why banks decided in 2004, because of the Basel Regulation, that they would pool their data together so that they would all have a larger dataset to contemplate and that was what led to the creation of GCD,” Crecel explains.
To read the article, please click here (paywall).