Treasury Insights
A working library of corporate treasury
Practical, opinionated articles on cash, liquidity, funding, investment and market risk — written for CFOs and treasury teams at growing companies. From first principles to option Greeks.
New to treasury? Start with the map.
What is Corporate Treasury? A Map of the Discipline — how the discipline fits together, and where to start reading for your role.
Cash & Liquidity Management
Visibility, forecasting, account structures, working capital and liquidity policy — the foundation everything else in treasury builds on.
20 articles →Investment & Counterparty Risk
What to do with the cash you don't need today, and who you can trust to hold it. Security, liquidity, yield — in that order.
Coming soonFunding
Bank facilities, debt capital markets, asset-based and intercompany funding — and the covenants and fine print that come attached.
Coming soonMarket Risk Management
What FX rates, interest rates and commodity prices do to your margins and cash flows, and the strategies and products that manage it.
Coming soonCash & Liquidity Management
Visibility, forecasting, account structures, working capital and liquidity policy — the foundation everything else in treasury builds on. Browse the theme →
OverviewFoundation9 min
Cash & Liquidity Management: The Foundation of Treasury
QuickviewFoundation6 min
Cash Visibility: You Can't Manage What You Can't See
OverviewIntermediate6 min
Cash Forecasting: Building a Forecast You Can Trust
QuickviewFoundation3 min
Direct vs Indirect Forecasting: Count It or Derive It
QuickviewFoundation7 min
Choosing Forecast Horizons: Daily, 13-Week, Rolling 12-Month
Deep DiveIntermediate3 min
Measuring & Improving Forecast Accuracy
Deep DiveIntermediate4 min
Scenario Planning & Stress-Testing the Cash Forecast
OverviewIntermediate
Bank Account Structures & Cash Concentration
Coming soon
QuickviewIntermediate
Physical vs Notional Pooling
Coming soon
Deep DiveAdvanced
In-House Banks, POBO & ROBO
Coming soon
QuickviewIntermediate
Trapped Cash & Restricted Markets
Coming soon
OverviewFoundation
Working Capital: Treasury's Role
Coming soon
QuickviewFoundation
The Cash Conversion Cycle Explained
Coming soon
QuickviewIntermediate
Improving DSO & DPO Without Damaging Relationships
Coming soon
Deep DiveIntermediate
Supply Chain Finance & Dynamic Discounting
Coming soon
OverviewFoundation
Payments & Banking Operations
Coming soon
QuickviewFoundation
Payment Rails Explained: SWIFT, SEPA, Faster Payments & RTGS
Coming soon
QuickviewIntermediate
Bank Relationship Management & Wallet Allocation
Coming soon
Deep DiveIntermediate
Treasury Technology: From Spreadsheets to TMS
Coming soon
QuickviewFoundation
Payment Fraud: Common Attacks & Controls
Coming soon
Deep DiveIntermediate
Setting a Liquidity Policy: Minimum Cash & Headroom
Coming soon
GlossaryFoundation
Key Terms: Cash & Liquidity Glossary
Coming soon
Investment & Counterparty Risk
What to do with the cash you don't need today, and who you can trust to hold it. Security, liquidity, yield — in that order. Coming soon
OverviewFoundation8 min
Investing Corporate Cash: Security, Liquidity, Yield. In That Order.
OverviewFoundation4 min
Investment Policy & Governance
Deep DiveIntermediate
Writing an Investment Policy That Works
Coming soon
QuickviewFoundation
Cash Segmentation: Operating, Reserve & Strategic
Coming soon
OverviewFoundation
Short-Term Investment Instruments
Coming soon
QuickviewFoundation
Bank Deposits: Call, Notice & Term
Coming soon
Deep DiveIntermediate
Money Market Funds: CNAV, LVNAV & VNAV
Coming soon
QuickviewIntermediate
T-Bills, CP, CDs & Repo: The Direct Menu
Coming soon
QuickviewIntermediate
Bank Repo for Corporates
Coming soon
OverviewIntermediate
Counterparty Risk
Coming soon
QuickviewFoundation
Credit Ratings Explained
Coming soon
Deep DiveAdvanced
Beyond Ratings: CDS Spreads & Market Signals
Coming soon
Deep DiveIntermediate
Setting Counterparty Limits & Diversification
Coming soon
Deep DiveIntermediate
Lessons from Counterparty Failures: SVB, Credit Suisse & Argentex
Coming soon
QuickviewFoundation
Deposit Protection: What's Actually Covered
Coming soon
QuickviewIntermediate
Settlement Risk & CLS
Coming soon
GlossaryFoundation
Key Terms: Investment & Counterparty Glossary
Coming soon
Funding
Bank facilities, debt capital markets, asset-based and intercompany funding — and the covenants and fine print that come attached. Coming soon
OverviewFoundation
Corporate Funding: How Companies Finance Themselves
Coming soon
OverviewIntermediate
Funding Strategy & Capital Structure
Coming soon
QuickviewFoundation
Debt vs Equity & the Cost of Capital
Coming soon
Deep DiveIntermediate
Diversifying Funding Sources & the Maturity Ladder
Coming soon
QuickviewIntermediate
Refinancing Risk & Liquidity Headroom
Coming soon
OverviewFoundation
Bank Funding
Coming soon
QuickviewFoundation
RCFs & Term Loans: The Workhorses
Coming soon
Deep DiveIntermediate
Loan Documentation: Covenants, Reps & Events of Default
Coming soon
QuickviewFoundation
Reference Rates After LIBOR: SONIA, SOFR & EURIBOR
Coming soon
OverviewIntermediate
Debt Capital Markets
Coming soon
Deep DiveIntermediate
Bonds & Private Placements
Coming soon
QuickviewIntermediate
Commercial Paper Programmes
Coming soon
QuickviewIntermediate
Issuer Credit Ratings: Getting & Keeping One
Coming soon
QuickviewFoundation
Asset-Based Funding: Invoice Finance, ABL & Leasing
Coming soon
Deep DiveAdvanced
Intercompany Funding: Structures, Pricing & Pitfalls
Coming soon
QuickviewIntermediate
Sustainability-Linked Loans & Green Bonds
Coming soon
GlossaryFoundation
Key Terms: Funding Glossary
Coming soon
Market Risk Management
What FX rates, interest rates and commodity prices do to your margins and cash flows, and the strategies and products that manage it. Coming soon
OverviewFoundation
Market Risk: Managing FX, Interest Rate & Commodity Exposure
Coming soon
OverviewIntermediate
The Risk Management Framework
Coming soon
Deep DiveIntermediate
Identifying & Quantifying Exposures
Coming soon
Deep DiveIntermediate
Writing a Hedging Policy: Risk Appetite, Ratios & Instruments
Coming soon
Deep DiveAdvanced
Measuring Market Risk: Sensitivity, VaR & Cash Flow at Risk
Coming soon
Deep DiveAdvanced
Hedge Accounting Under IFRS 9
Coming soon
OverviewFoundation
FX Risk Management
Coming soon
QuickviewFoundation
Three Types of FX Exposure: Transaction, Translation & Economic
Coming soon
Deep DiveIntermediate
Setting Budget FX Rates
Coming soon
Deep DiveIntermediate
FX Hedging Strategy: Ratios, Horizons & Layered Hedging
Coming soon
Deep DiveAdvanced
FX Hedging Strategy II: Advanced Strategies
Coming soon
Deep DiveIntermediate
FX Hedging Strategy III: The Pitfalls of No Strategy
Coming soon
OverviewFoundation
FX Hedging Products: Choosing the Right Tool
Coming soon
QuickviewFoundation
FX Forwards & NDFs
Coming soon
QuickviewIntermediate
FX Swaps: Rolling & Managing Hedges
Coming soon
QuickviewIntermediate
Vanilla FX Options: Paying for Flexibility
Coming soon
Deep DiveAdvanced
Option Structures: Collars, Participating Forwards, Seagulls & Beyond
Coming soon
Deep DiveAdvanced
Exotic Structures: TARFs, Accumulators & When to Walk Away
Coming soon
Deep DiveIntermediate
Pricing FX Trades: Spot, Forward Points & How Your Bank Makes Money
Coming soon
Deep DiveAdvanced
Forward Markets & the Cost of Hedging
Coming soon
Deep DiveAdvanced
Option Pricing, the Greeks & Delta Hedging
Coming soon
QuickviewIntermediate
Executing FX: Dealing, TCA & Multi-Dealer Platforms
Coming soon
Deep DiveAdvanced
Managing Translation & Balance Sheet FX Risk
Coming soon
GlossaryFoundation
Key Terms: FX Glossary
Coming soon
OverviewFoundation
Interest Rate Risk Management
Coming soon
QuickviewFoundation
Fixed vs Floating: Framing the Exposure
Coming soon
Deep DiveIntermediate
IR Hedging Products: Swaps, Caps, Collars & Swaptions
Coming soon
Deep DiveAdvanced
The Yield Curve & How Swaps Are Priced
Coming soon
QuickviewAdvanced
Pre-Hedging Future Debt Issuance
Coming soon
Deep DiveIntermediate
Hedging Term, Certainty & Break Costs
Coming soon
QuickviewAdvanced
Deal-Contingent Hedging
Coming soon
OverviewFoundation
Commodity Risk Management
Coming soon
QuickviewIntermediate
Identifying Commodity Exposure & Proxy Hedging
Coming soon
Deep DiveIntermediate
Commodity Hedging Instruments: Futures, Swaps & Options
Coming soon
QuickviewIntermediate
Basis Risk: When the Hedge Doesn't Match
Coming soon
OverviewIntermediate
Derivatives Operations & Documentation
Coming soon
Deep DiveAdvanced
ISDAs, CSAs & Credit Terms for Corporates
Coming soon
QuickviewIntermediate
Regulatory Reporting: EMIR & Derivatives Compliance
Coming soon
QuickviewFoundation
Confirmations, Settlements & Valuations: The Back Office
Coming soon
QuickviewAdvanced
Zero/Zero Credit Facilities: No IM, No MTA
Coming soon
No articles match — try clearing a filter.