Listing of AFP News Articleshttp://www.afponline.org/ArticleRss.ashxWed, 22 May 2013 19:15:54 -0400Wed, 22 May 2013 19:15:54 -0400When corporates set up a regional treasury center (RTC), they often focus on how their bank can support them, but is also crucial to put the right legal structure in place.http://www.afponline.org/pub/res/news/Regional_Treasury_Centers_Need_the_Right_Legal_Structure.htmlThu, 18 Apr 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/Regional_Treasury_Centers_Need_the_Right_Legal_Structure.htmlCanadian exporters need to focus on emerging markets other than China if they want to spur growth, said a new report from CIBC. The volume of Canadian exports today is at the same level it was a decade ago.http://www.afponline.org/mbr/reg/res/reg_news/Report__Canadian_Exporters_Need_to_Expand_their_Horizons.htmlTue, 16 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Report__Canadian_Exporters_Need_to_Expand_their_Horizons.htmlIn 2010, Bombardier’s treasury group was presented with an all-too-common challenge: migrate a global banking infrastructure for a legal entity holding restructuration. And, they wanted results in one calendar year.http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__Streamlining_Bank_Relationships_in_Record_Time.htmlWed, 03 Apr 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__Streamlining_Bank_Relationships_in_Record_Time.htmlIn an open letter, FiREapps CEO Wolfgang Koester asks newly confirmed Treasury Secretary Jack Lew to re-focus the U.S. strategy on China’s currency manipulation. Koester believes it is in the best interest of the U.S. and the rest of the world that China move forward with yuan liberalization.http://www.afponline.org/mbr/reg/res/reg_news/China_Should_Follow_Chile_on_Currency_Liberalization.htmlThu, 28 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/China_Should_Follow_Chile_on_Currency_Liberalization.htmlDeveloping and retaining talent is a challenge for any treasury department. Even though the U.S. job market is still struggling, an individual with the right combination of education and experience can be a hot commodity. Microsoft’s treasury department has a unique approach.http://www.afponline.org/mbr/reg/res/reg_news/How_Microsoft_Develops,_Retains_Treasury_Talent.htmlWed, 27 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/How_Microsoft_Develops,_Retains_Treasury_Talent.htmlThis week, a look at the Genesco/Visa Lawsuit, which marks the first time that a retailer has sued a credit card company for losses related to fraud. Also, President Obama meets with top CEOs to discuss cybersecurity, a new plan is unveiled that could allow the CIA and NSA to access the FinCEN database, and six major banks get hit with DDoS attacks.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Are_PCI_Compliance_Fines_Fair_.htmlSun, 17 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Are_PCI_Compliance_Fines_Fair_.htmlThe Organization for Economic Cooperation and Development (OECD) projected weak growth for Canada’s export-reliant economy in its Composite leading indicators (CLIs), released Monday. But one Canadian treasury executive believes observers should narrow their focus to one industry—oil.http://www.afponline.org/mbr/reg/res/reg_news/Canadian_Economy_is_Slowing;_Oil_Exports_to_U_S__are_Key.htmlTue, 12 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Canadian_Economy_is_Slowing;_Oil_Exports_to_U_S__are_Key.htmlThis week, AFP Fraudwatch speaks with Michael Leiter, former director of the National Counterterrorism Center (NCTC) and a speaker at the upcoming CTC Corporate Treasurers Forum. Leiter shares his views on cyber risk, one of the most critical threats to companies expanding globally.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Treasury_Weighs_Global_Expansion,_Cyber_Risk.htmlTue, 12 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Treasury_Weighs_Global_Expansion,_Cyber_Risk.htmlThis week, we look at an emergency patch Oracle has issued to fix two security Java vulnerabilities that could leave corporate treasury groups and their companies vulnerable to hackers. Also this week, debit card fraud skimming losses on Canada’s Interac network hit a new low, and China claims that most of the hacks on two of its military websites came from the U.S.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Oracle_Issues_Emergency_Patch.htmlTue, 05 Mar 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Oracle_Issues_Emergency_Patch.htmlCanadian business capital spending is poised for a dismal year, as slowing demand for commodities is causing some of Canada’s most vital companies to decrease their investments. Public and private sector investment in construction, machinery and equipment is poised to rise just 1.7 percent in 2013, the smallest increase since the economic downturn of 2009.http://www.afponline.org/mbr/reg/res/reg_news/Decline_in_Commodity_Demand_Hurting_Canadian_Capex.htmlThu, 28 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Decline_in_Commodity_Demand_Hurting_Canadian_Capex.htmlThis week: Mandiant's explosive cyberespionage report, a DDoS attack that aided in the theft of $900,000, an argument on why EMV won't solve all of our card fraud problems, and security flaws in ATMs that allow hackers to steal personal account numbers and... play Angry Birds.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__China_Linked_to_Cyberespionage_Campaign.htmlTue, 26 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__China_Linked_to_Cyberespionage_Campaign.htmlChina’s economic influence on the West continues to grow, as the People’s Republic has replaced the UK as Canada’s No. 2 trade export destination while simultaneously ironing out a deal with the UK to strengthen trade relations between the two nations.http://www.afponline.org/mbr/reg/res/reg_news/China_Expands_Trade_Relations_with_Canada,_UK.htmlMon, 25 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/China_Expands_Trade_Relations_with_Canada,_UK.htmlNot knowing about the internationalization of the Chinese renminbi is costing American businesses millions of dollars annually. In October of 2012, the People’s Bank of China was quoted as saying that importers could save between 2-3 percent by paying in the RMB.http://www.afponline.org/mbr/reg/res/reg_news/Best_Practices__Achieving_Savings_through_RMB_Payments.htmlThu, 21 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Best_Practices__Achieving_Savings_through_RMB_Payments.htmlChina saw its GDP rate slow to 6.5 percent during the first nine months of 2012. It is clear that China’s once gangbuster economy has lost much of its luster in recent years.http://www.afponline.org/mbr/reg/res/reg_news/Modest_Gains_Forecasted_for_China_and_Asia-Pacific.htmlFri, 15 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Modest_Gains_Forecasted_for_China_and_Asia-Pacific.htmlChinese foreign direct investment is relatively modest at this time, but is growing and generally is expected to become even more prevalent. Treasurers will need to adjust accordingly and take a more active role in advising senior management on how to best deploy precious cash resources.http://www.afponline.org/mbr/reg/res/reg_news/What_Your_Chinese_Rivals_are_Planning.htmlTue, 05 Feb 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/What_Your_Chinese_Rivals_are_Planning.htmlDespite the savings U.S. corporates can achieve by making renminbi payments to China, few did so towards the end of 2012, according to new data from SWIFT. However, this is not a sign that RMB payments are in decline.http://www.afponline.org/pub/res/news/U_S__RMB_Payments_Decline,_But_Should_Rebound.htmlWed, 23 Jan 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/U_S__RMB_Payments_Decline,_But_Should_Rebound.htmlChina experienced its worst economic growth in 13 years in 2012. But an uptick late in the year bodes well for corporates who trade with China.http://www.afponline.org/pub/res/news/China%E2%80%99s_4Q_2012_Uptick_Bodes_Well_for_U_S__Corporates.htmlFri, 18 Jan 2013 00:00:00 -0400http://www.afponline.org/pub/res/news/China%E2%80%99s_4Q_2012_Uptick_Bodes_Well_for_U_S__Corporates.htmlUncertainty still reigns supreme on the economic landscape as we begin 2013. AFP asked banks and financial services providers for fearless forecasts—and they had plenty to say.http://www.afponline.org/mbr/reg/res/reg_news/Economists_Predict_2_Percent_Domestic_Growth_in_2013.htmlThu, 03 Jan 2013 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Economists_Predict_2_Percent_Domestic_Growth_in_2013.htmlMost U.S. corporates will be paying their Chinese business partners in renminbi in the future, FX experts say. Given that the Chinese government only opened up the RMB this year, the biggest hurdle right now is a lack of awareness that the currency can be used. But that should change with time. http://www.afponline.org/mbr/reg/res/reg_news/Paying_in_RMB__A_Growing_Trend_.htmlWed, 26 Dec 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Paying_in_RMB__A_Growing_Trend_.htmlHeaded into 2013, some treasurers have positive growth predictions, while others were more wary. Growth in the first half of the year is expected to be slow, but things are projected to pick up in the second half.http://www.afponline.org/mbr/reg/res/reg_news/Executive_Perspective__Treasurers_Cautiously_Optimistic_about_2013.htmlWed, 19 Dec 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Executive_Perspective__Treasurers_Cautiously_Optimistic_about_2013.htmlEveryone knows the Conference Board’s Consumer Confidence Index,and AFP members are certainly familiar with the quarterly Corporate Cash Index, but there are a number of other economic indicators worth noting.http://www.afponline.org/mbr/reg/res/reg_news/Bottom_Line__What_is_Your_Favorite_Economic_Indicator_.htmlWed, 19 Dec 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Bottom_Line__What_is_Your_Favorite_Economic_Indicator_.htmlChinese companies increasingly are going global, engaging in foreign direct investment, potentially resulting in dramatic changes to the competitive landscape. Treasurers will need to adjust accordingly and take a more active role in advising senior management on how to best deploy precious cash resources.http://www.afponline.org/mbr/reg/res/reg_news/Global_Treasury__Your_Chinese_Rivals%E2%80%99_Plans_for_2013.htmlFri, 14 Dec 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Global_Treasury__Your_Chinese_Rivals%E2%80%99_Plans_for_2013.htmlEarlier this year the Chinese government allowed all companies in China to make and receive cross-border payments in renminbi—a significant breakthrough for treasurers. Corporates could save as much as five percent on every transaction if they use the RMB when making payments to China, one FX expert says.http://www.afponline.org/pub/res/news/Best_Practices__Pay_Chinese_Suppliers_in_RMB_to_Save_USD.htmlThu, 13 Dec 2012 00:00:00 -0400http://www.afponline.org/pub/res/news/Best_Practices__Pay_Chinese_Suppliers_in_RMB_to_Save_USD.htmlCorporate treasury needs to think about whether the payments products they have in place adequately suit the new business environment, which is becoming flooded with low-value payments.http://www.afponline.org/mbr/reg/res/reg_news/Why_Treasury_Must_Pay_Attention_to_Low-Value_Payments.htmlFri, 07 Dec 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Why_Treasury_Must_Pay_Attention_to_Low-Value_Payments.htmlThis week, we look at the difficulties mobile payments are facing trying to break into the corporate payments landscape. Also, RBS tests Visa V.me, Monitise seeks £100 million in funding, Intuit tests a chip and PIN card reader and China Unicom introduces an NFC wallet.http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves__Still_Fighting_to_Capture_Corporate_Payments.htmlThu, 29 Nov 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Mobile_Moves__Still_Fighting_to_Capture_Corporate_Payments.htmlFor treasurers and foreign currency traders, a major reckoning is at hand—a mix of volatility caused by the confluence of persistent global recession, financial crisis, active currency management and competitive devaluation and, in the eurozone, unsustainable monetary integration without fiscal restraint. In this environment, currency risk can have a huge impact on a corporation’s bottom line if not properly managed.http://www.afponline.org/mbr/reg/res/reg_news/Best_Practices__Managing_the_Currency_Quandary.htmlTue, 27 Nov 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Best_Practices__Managing_the_Currency_Quandary.htmlThe world is now more concerned about the fiscal cliff than it was about the debt ceiling two years ago. But as alarming as the fiscal cliff is, this level of fear is likely to be unsustainable. Markets seem to be making a mountain out of a molehill.http://www.afponline.org/mbr/reg/res/reg_news/Fear_Itself__Fiscal_Cliff_Effects_Would_Be_Felt_on_a_Gradual_Basis.htmlTue, 20 Nov 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Fear_Itself__Fiscal_Cliff_Effects_Would_Be_Felt_on_a_Gradual_Basis.htmlCanada is one of the few countries where growth is stabilizing, according to a new report by the Organization for Economic Cooperation and Development. But that could deteriorate if problems in the U.S. and Europe continue to escalate. http://www.afponline.org/mbr/reg/res/reg_news/Fiscal_Cliff_Threatens_Canada%E2%80%99s_Steady_Growth.htmlTue, 13 Nov 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/Fiscal_Cliff_Threatens_Canada%E2%80%99s_Steady_Growth.htmlDebit cards, mobile payments and electronic payments are all seeing strong growth according to the World Payments Report 2012. The report also revealed that some regulation is challenging innovation, and that the BRIC concept no longer applies in payments with Brazil’s steady rise to prominence.http://www.afponline.org/mbr/reg/res/reg_news/World_Payments_Report__Debit_Cards,_M-Payments_Breaking_New_Ground.htmlSun, 11 Nov 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/World_Payments_Report__Debit_Cards,_M-Payments_Breaking_New_Ground.htmlThis week, we look at RSA's report on a planned cyber attack on 30 major U.S. banks. Also, the House Intelligence Committee is advising American companies and the U.S. government to avoid doing business with China’s two leading technology companies over security concerns.http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Massive_Attack_on_30_U_S__Banks_Coming_.htmlWed, 10 Oct 2012 00:00:00 -0400http://www.afponline.org/mbr/reg/res/reg_news/AFP_Fraudwatch__Massive_Attack_on_30_U_S__Banks_Coming_.html