Corporate Treasurers Wary of Floating NAV
Corporate treasurers are highly skeptical about the merits of money-market funds switching to a floating net asset value. The general consensus among attendees at a recent roundtable was that Rule 2a-7 appears headed for an overhaul that is likely to include a floating NAV.
SWIFT: France Becoming a Major Player in RMB Payments
France is leading European countries in making renminbi payments to China following a 249 percent growth in payments value since March 2012, according to SWIFT. France is now ranked fourth in the world for RMB payments value, behind the UK, Singapore and Taiwan.
AFP EconWatch: GDP Growth Slow in Q1 2013
The pace of economic expansion picked up during the first three months of 2013, but the growth rate in the gross domestic product (GDP) was slower than anticipated.
Regional Treasury Centers Need the Right Legal Structure
When 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.
Corporate Issuance of CP Continues to Drop in Canada
Until recently, Canada levied a withholding tax on commercial paper issues in the United States, making it attractive for Canadian subsidiaries of U.S. parents to issue CP in Canada. But since the tax was lifted 18 months ago, CP issuance by foreign entities has dropped significantly in Canada—a trend that will likely continue.