Has your treasury or finance department implemented an original solution that contributed to your company's financial success? AFP and Wachovia invite you to nominate your solution for a 2008 AFP Pinnacle Award.

AFP Pinnacle Awards are presented annually to organizations that have successfully developed dynamic solutions that make treasury and finance more efficient and/or effective. AFP Pinnacle solutions demonstrate treasury as contributing significant value in a broad range of organizations.

The Pinnacle Awards recognize excellence in treasury and finance in three award categories: innovation, risk, and strategy.

Innovation: Leading Advances in Treasury and Finance. Demonstrates creative organizational structures, innovative technologies, and processes, and sophisticated performance metrics that are on the cutting edge of treasury and finance.

Risk: Advanced Risk Management Methodologies. Demonstrates advanced risk management methodologies that reduce organizational risk related to financial risks, internal controls and compliance, fraud prevention, business continuity and disaster recovery plans, etc.

Strategy: Treasury as a Strategic Partner. Demonstrates the value treasury can create as a strategic player through successful capital structure initiatives, corporate growth deal structures, business unit and project decision-making programs, etc.

Remember, the 2008 AFP Pinnacle Awards seeks to recognize the original thinking and initiative of you and your staff. Turn-key vendor solutions will not be considered.

Four easy steps to submit your Pinnacle solution:

1. Click on the following link Pinnacle Form which will open the submission form.
2. Save the document to your computer's hard drive.
3. Complete the submission form.
4. E-mail the completed form to pinnacle@afponline.org

Deadline for submission is June 6, 2008.

General Information

The AFP Pinnacle Awards, symbolizing excellence in Treasury and Finance, are awarded annually to organizations that, in the judgment of their peers, have successfully developed dynamic solutions that make treasury and finance more strategic.

View a recording of our 2008 Pinnacle Awards Webinar to learn more about the Pinnacle Awards and how to submit a successful application. Hear from last year's Grand Prize Winner, Mastercard Worldwide, on its winning solution at https://AFPonline.webex.com. To view the recorded webinar, select "View All Recorded Events" (link on upper right-hand corner). Click on the view button under the event name: AFP's 2008 Pinnacle Awards Webinar. Guest speakers on the webinar include:

Michael Daley
Senior Vice President
Wachovia Treasury Services, Product Solutions Group

Spencer Schwartz
Group Head of Global Risk Management
MasterCard Worldwide (2007 AFP Pinnacle Grand Prize Winner)

Herman Green
Senior Business Leader, Business Administration
MasterCard Worldwide

Eligibility

Treasury and finance departments of companies, organizations or government entities -- regardless of size, industry or location -- may enter for a 2008 Pinnacle Award.

There are no entry fees. Affiliation with AFP or any other professional association is not required. The treasurer or CFO of the applying company must validate all entries, and every applicant must agree to be interviewed.

Additional Rules

All entries will be screened to mask any material necessary to ensure blind and impartial evaluation by the judges. All entries become the property of the Association for Financial Professionals for the general advancement of knowledge in the treasury and financial field. The sponsors may publish and publicize entries in any manner and without compensation. Entries will not be returned to applicants. Individuals and organizations submitting entries to the AFP Pinnacle Awards acknowledge that they:

• Grant permission to the sponsors and to anyone authorized by the sponsors to publicize the organization's name as well as photographic likeness of the developer(s) of the winning entry.

• Affirm that the submission is the original work of the entrants/Treasury department and that it does not infringe upon the property rights of any third parties. Further, affirm that the Treasury department has the full right to enter the award program and to transfer all rights in the submission to the sponsors.

• Agree to hold the sponsors harmless from claim by any third parties arising from any use of the submission.

AFP 2007 Pinnacle Award Winners -- Please click on each to read more about last year's winners

Risk: Advanced Risk Management Methodologies
Mastercard Worldwide, Purchase, New York

Strategy: Treasury as a Strategic Partner
Western Union, Englewood, CO

Innovation: Leading Advances in Treasury and Finance
Occidental Petroleum Corp., Los Angeles, CA

AFP Pinnacle Award Ceremony

Each 2008 AFP Pinnacle Category Award Winner will be honored for their winning solutions in their respective categories at this year's AFP Annual Conference in Los Angeles, October 19 at 3:30 p.m., at the Los Angeles Convention Center in front of over 6,000 treasury and finance professionals. The awards will be presented by a senior Wachovia executive in concert with the President of AFP. The AFP Pinnacle Grand Prize Winner will be selected from the category winners and be awarded this special honor during the ceremony. The Grand Prize Winner will also receive a $10,000 charitable donation to the charity of their choice from Wachovia. AFP provides for up to two complimentary conference registrations, transportation and lodging for each of the category winners.

Additional Awards Information

Immediately following the AFP Annual Conference, AFP and Wachovia will present the AFP Pinnacle Grand Prize Winner a $10,000 check, coordinating and staging a press conference to be held in the city in which the Grand Prize Winner's company or organization is located.

The winners will have the opportunity to present their winning solutions during the Annual Conference. In addition, AFP's Publications staff will help the winners develop their entries into articles that will be published in an upcoming AFP Exchange magazine. In addition, each winner will receive one CTP/CCM credit for each page of the published articles.