Sponsor Meet & Greet:
THE HOLY GRAIL OF TREASURY REPORTING:
SELF-SERVICE BI FINALLY LIVES UP TO ITS PROMISE // COATS GROUP PLC & TIPCO
Treasury reporting isn’t fun. Or is it? The age-old problem with treasury reporting is that building reports takes time and money. In order to collect data locally, very often giant Excel files are prepared and sent to subsidiaries. As in most cases, additional data from various source systems need to be incorporated as well. No end of time passes before all required information is finally collected and consolidated, time which could have been invested in data analysis rather than data preparation.
While Excel is nothing new to treasurers, Excel as a powerful tool to tap seamlessly into your global Treasury data certainly is. In this hands-on workshop, Charles Barlow, former Group Treasurer of Coats Group plc and a professional with more than 30 years of experience under his belt, will introduce you to the ease of use of self-service BI and highlight the value it can add to your treasury function. Learn more about the advantages of this approach compared to commonly-used ways of reporting. Various reports which address real-life challenges will be created on the spot (with no BI developer at hand) and the required prerequisites will be discussed.
Use the opportunity to tell us about the challenges you are facing in data consolidation, reporting and analysis and how this impacts your daily life as a Treasurer. If having all your group-wide bank account data, guarantees, derivatives – and potentially forecasts – available in Excel and performing analyses and reporting by means of simple ‘drag & drop’ sounds like a dream come true, then make sure you do not miss this workshop.
WHAT MAKES A COMPANY SUITABLE FOR RECEIVABLES FINANCING? – EBURY & NIBC BANK
Ebury is one of the fastest growing FinTech companies and offers SMEs currency services and trade finance that are normally reserved for multinationals. By means of a flexible trade credit, Ebury can pre-finance its customers such as importers and exporters. NIBC offers receivables financing that meets Ebury liquidity needs in a fast and flexible manner.
Menne Mennes (Manager Director Benelux Ebury) and Thijs Poorthuis (Associate Director NIBC Structuring) will share the following questions and experiences with you. What makes a company suitable for a receivables financing structure? Which variants of this financing are possible and what impact does the financing have on the organization? The question of whether this financing will also work for small businesses that want to grow will also be discussed. Of course, they will also compare this form of financing with other forms. In the workshop a combination of background, motivation and situations will be discussed related to receivables financing. Which techniques will be used? Which parties are involved? The roles of customer, bank and corporate service providers are discussed. Also, how does this flexible financing work on the daily activities within the organization?
The workshop will broaden the knowledge of Treasurers allowing them to assess whether this form of financing could be an option for their company.
Speakers: Caroline Oosterbaan – Member of the Executive Committee NIBC Bank (introduction) – Menne Mennes, Managing Director Benelux Ebury – Thijs Poorthuis, Associate Director NIBC Bank Structuring
SUSTAINABLE FINANCING – WAREHOUSES DE PAUW & ABN AMRO
Financing plays a major role in realizing the objectives of the Paris Climate Agreement. According to the European Commission, there is an annual financing requirement of €180 billion for renewable energy and energy efficiency projects in the period up to 2030. An important role will have to be assumed by the business community, banks and investors. Treasurers are forced to develop a clear vision and strategy around this in order to realize investments and projects in a responsible and cost-efficient way. Increasingly we see that customers, investors and other stakeholders follow closely how the business sector fulfills its responsibility with respect to sustainability.
During this interactive workshop you will learn about the most important sustainable financing products: green bonds (sustainable bonds) and green loans (sustainable credit facilities). The market for sustainable bonds has gone through steep growth in recent years; while the global issuance of these bonds amounted to around EUR 30 billion in 2014, in 2017 over EUR 130 billion was issued by companies and financial institutions. The market for sustainable credit facilities is less mature, but has also been growing rapidly in recent years as a result of the increasing need for financing for sustainable projects. In order to further develop this market, guidelines for sustainable credit facilities were published in 2018 (the ‘Green Loan Principles’).
ABN AMRO experts take you into the world of sustainable bonds and credit facilities. Based on their broad experience in structuring these financing solutions, the following topics will be discussed:
– International guidelines: the Green Bond and Green Loan Principles
– The definition of sustainable projects
– External verification / certification of sustainable financing
– Expectations for external reporting
– The benefits of sustainable financing
Following the introduction to sustainable financing products, Mickaël Van den Hauwe, CFO of real estate developer Warehouses de Pauw (WDP), will discuss the importance of sustainable financing to WDP. At the beginning of 2018, WDP set up a sustainable financing framework in collaboration with ABN AMRO. Under this framework, in March 2018 WDP issued a US Private Placement with which the investor (Metlife) invests in sustainable certified real estate projects and renewable energy from WDP. This transaction was the first “Green US PP” issued by a real estate developer worldwide. Mickaël Van den Hauwe will discuss the importance of sustainability for WDP, the WDP Sustainable Finance Framework, its development and the advantages of sustainable financing for WDP and its investors.
Speakers: Mickaël Van den Hauwe , CFO Warehouses de Pauw – Jacco Keijzer, Global Head or Loan Markets ABN AMRO – Dick Ligthart, Associate Director Green, Social and Sustainability Bonds ABN AMRO
HEDGING TRANSACTIONS AND ISDA DOCUMENTATION – CLIFFORD CHANCE
Hedging and financing transactions are inseparably connected. Many companies have entered into derivatives transactions under ISDA Master Agreements for hedging purposes. However, unfortunately little attention is being paid to the contents of the ISDA documentation and the relation between hedging and financing transactions. This can result in mismatches with unexpected financial and other consequences. A better understanding of the hedging documentation can assist in avoiding such problems. In the workshop we will explain the ISDA structure and those ISDA documents, provisions and definitions that are relevant from a practical perspective. We will also discuss the documentation that connects hedging to a financing transaction, such as intercreditor agreements. This can assist in reviewing and negotiating the conditions of hedging transactions. The obligations imposed on the parties as a result of European regulations will be discussed, as well as other topics, for example the issues regarding LIBOR.
Speaker: Sarah Lewis, senior derivatives lawyer – Clifford Chance Amsterdam.
THE POWER OF DATA TO DRIVE CHANGE // ROYAL DSM & CITI
This session is one not to be missed. This is a great opportunity to hear how data can transform your decision making and position your company for growth.
Royal DSM will share insights into how they have used the power of big data to overcome challenges and adopt a laser-focused approach to drive meaningful change. Citi will show you how banks can help you tap into this data.
Many companies have extensive operations across multiple countries, currencies and legal entities. How does the treasurer, as a change agent, determine if the current structure is fit for purpose? Could the business be supported with a leaner structure? Given the multitude of relationships across the supply chain, where are the risks and where are the opportunities to reduce cost and drive working capital improvements? It can feel like trying to find a needle in a haystack – big data to the rescue. Find out how “facts and figures” can be instrumental in identifying the greatest and fastest opportunities to help your business to achieve its goals.
Regardless of how digitised your treasury operations are, you have access to rich data that enables you to make smart decisions based on precise analytics. This session will give you practical insights and advice to help you harness the power of data and future-proof your treasury.
Speakers: Alexander van den Heuvel, Cash Manager Royal DSM N.V. – Peter Cunningham/Hans Oostenbrink, Citi Treasury and Trade Solutions
CYBER RISK IN TREASURY: MOVING BEYOND FEAR– BNP PARIBAS
Language of workshop can either be Dutch or English
The 21st Century’s ‘Perfect Crime’, digital robbery and how to make it a little less perfect.
Cyber threats are real and relevant to the Treasury business. Cyber risk now ranks as one of the biggest threats organisations say they face, but many admit they don’t feel properly equipped to manage this threat. The associated risks, though, are not as new or as difficult to deal with as they are too often made out to be. Indeed, there are practical strategies for adequately managing this risk. The question is not if, but when the company will be hacked. Banks are perceived as having a unique value proposition and best-in-class asset protection, with unique and special knowledge (access to back-channel authorities e.g. euro/inter-pol and significant incident knowledge sharing). Cyber resilience cannot be achieved alone. We need to stand strong together.
In this workshop the speakers will explain cyber threats, share how the bank is dealing with them and explore, with you, what practical steps can move us all closer to a cyber-resilient treasury business. This workshop reaches out to you, treasury practitioners, to engage you and your company in this challenging journey. Create cyber resilience, learn about anti-fraud measures and cybersecurity market solutions and take away our incident response guide.
Speakers: Jan De Blauwe, CISO BNP Paribas Fortis – Jan Dirk van Beusekom, Head of Strategic Marketing
YOU THINK BANKING REGULATIONS ARE TOUGH? CHECK YOUR GLOBAL INSURANCE PROGRAMS COMPLIANCE – ROYAL PHILIPS & MARSH
Nowadays, many treasurers have the responsibility for not only the group treasury function but also ‘Risk & Insurance’. Global Insurance Programs are arranged to manage the group insurable risks and to protect the Consolidated Balance Sheet, Profit & Loss Statement and Cash Flow Statements. Whilst arranging Global Insurance Programs has many advantages such as lower total cost of risk and lower cost of capital through economies of scale, it is fraught with many pitfalls and unbudgeted surprises if not structured properly in a timely and transparent manner. One of the challenges is how to balance the total cost of risks whilst protecting the assets and the group’s people in the most compliant and tax efficient manner. These challenges are exacerbated by an evolution in both regulatory and tax environments in various countries and regions.
During this workshop Royal Philips, together with its advisor Marsh, will share with you its experiences of how the group’s insurance arrangements were restructured to ensure improved cash flow and reduced cost of capital. The workshop will also demonstrate how the process ensured that not only were the Global Insurance Programs “fit for purpose” but also that the total premium costs were allocated in a compliant manner from both a premium tax and a corporate income tax perspective.
Speakers: Peter den Dekker – Head of Insurance and Risk Management Group Treasury – IRMD, Royal Philips, Mr. Praveen Sharma – Global Practice Leader Insurance Regulatory & Tax Consulting, Marsh UK, Erwin Smit – Member of the Executive Committee Marsh Netherlands
How does Cargill keep up its energy levels? Effective risk management for multi-commodity exposures leads to better cashflow forecasts and lower risks // Cargill and KYOS
Cargill has 155,000 employees in 70 countries offering a wide array of goods and services. The company’s activities include importing, trading and processing grains and oilseeds; manufacturing animal food, and creating ingredients such as sugar and cocoa for the food and beverage industry. Financial risk management of commodity exposures is of vital importance here.
Tom Schurmans will provide insight into some of the daily activities at Cargill, particularly on energy costs and risks. Cargill uses the KYOS’ Commodity Portfolio & Risk Management System. Together with Richard Cornielje he will show how Cargill employs the KYOS system in practice to manage exposures, physical flows, financial derivatives and residual risks. In addition, Richard will give practical examples of how a commodity portfolio and risk management system is essential for clarifying risks and calculating potential distribution of cashflows. It is crucial for the selection and execution of the hedging strategy in collaboration with Treasury.
Speakers: Tom Schurmans, Sr. Group Specialist Energy Management, Cargill N.V. – Richard Cornielje, Director Corporate Customers, KYOS B.V.
ESSENTIAL ACTIONS TO PREPARE FOR EUROPEAN MONEY MARKET FUND REFORM – MN, POSTNL & BLACKROCK
Unprecedented change is on the horizon for cash investors in Europe…are you prepared? European Money Market Fund Reform has been looming for years; the time has now come to take action. Join our expert panel to explore European Money Market Fund Reform through the eyes of those in the midst of this transition. BlackRock’s Andrew Alabaster will be joined by Jasper Steger of MN Services and Tom Straatman of PostNL, who will be sharing their perspectives on reform and related policy changes in the context of their own global investment programs and describing the efficient ways they are preparing for, managing through, and adapting to these challenges.
Participants in this workshop will:
…Hear an analysis of fund structures including Low Volatility Net Asset Value (LVNAV) and Variable Net Asset Value (VNAV) by those entities considering their use.
…Learn from the experiences of these market leaders as they have familiarized themselves with the operational nuances and adjusted their investment programs and guidelines according
…Gain valuable insights from experienced treasurers who are actively traversing these changes.
…Leave with the tools needed to prepare an effective plan for navigating European Money Market Fund Reform.
Speakers: Jasper Steger, Senior Investment Manager Treasury MN – Tom Straatman, Cash Manager PostNL – Andrew Alabaster, Director, International Cash Sales, BlackRock
The popular Masterclass has been a permanent feature of the Treasury Fair programme. This year, the podium belongs to Jeroen Dijsselbloem. The former chairman of the Eurogroup and Dutch Minister of Finance will lead you through exciting topics such as the future of the EU in the light of the imminent Brexit and the new political dynamic of the European Union, the emergence of cryptocurrencies which force players in the financial sector to act quickly, and to understand and react to the technology behind Bitcoin and Blockchain. Moreover, we still have to live with the after-effects of the huge financial crisis and at the same time new challenges are already facing us. How will the financial market react to the shrinkage of sales processes, what is the impact of new technology and which inflated markets are about to collapse? Speaking in the large auditorium, he will share his vision on this and other topics.
Sponsor opening & Masterclass:
DACT uses the DACT Treasury Fair to give attention to and obtain resources for the Association of Parents of Children with Cancer (VOKK). Again this year, the organization will have an exhibition stand. Representatives of VOKK will be delighted to explain the KanjerKetting, the reward system developed to give children moral support during their long, intensive and often painful treatment. VOKK has launched the KanjerKetting nationally in all seven children’s oncology centres, so that all children (500 a year) can benefit from it.
The KanjerKetting is an expensive programme. This is why we will be selling €5 lottery tickets at both the DACT and the VOKK stands. During the closing drinks, we will draw the lottery tickets whose owners will be the lucky winners of an iPhone8.
So bring your purses and wallets with you, support the KanjerKetting and get a chance to win a fantastic prize. The prizes are being provided by Financial Assets and DACT.
Only winning lottery ticketholders who are present during the prize-giving will be awarded their prize. If the winning ticket owner is not present, then another lottery ticket will be drawn.
Sponsor prijzen goede doel: