General Description of Our Services
The linked pages to our services and the case studies below show how we help treasuries lower financial risks, improve P&L's and expand their capabilities:
- Global Treasury — treasury and working capital management reviews of foreign subsidiaries and global and pan-European cash management. Global treasury reviews and restructuring, staffing, policies, information reporting, new treasury vehicles, outsourcing and systems.
- Risk Management — FX, interest rate and commodity risk policies with GAAP-effective hedges, best practices, internal controls, Marking-to-Earnings™ evaluation of alternative hedging tactics and other performance measures.
- GAAP Hedging — post-FAS 133, IAS 39 and AcG-13 effective risk management policies, structuring hedges to be more effective, standard implementation, hedge documentation, related system issues and working with client auditors to understand and accept our recommendations.
Client Case Studies
| Challenge |
Solution |
Result |
| $1 billion company with decentralized foreign treasuries |
Web survey of 33 unit treasuries, including working
capital management |
$1.6 million savings in bank costs and net interest and sharing
of best practices. |
| $30 billion global MNC wanting to improve treasury
reporting with new workstation |
Treasury review of existing processes and information
flows |
Utilization of >$100MM in excess cash against debt and integrated
treasury reporting |
| $1 billion aerospace company with decentralized and
insufficient FX hedging of its risks |
FX benchmarking data plus foreign unit web survey |
Centralized FX hedging with better FAS 133 accounting and information
reporting and new risk analysis |
| $300 million company ’s FX hedging with forecast error
risk under FAS 133 |
Innovative spot-to-spot effectiveness tests and new
FX system |
Hedging of the company ’s economic FX risks with less forecast error
risk |
Marking-to-Earnings™ is a trademark of Greenwich Treasury Advisors LLC. |
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The most common FX hedging mistake is paralysis by analysis.
Many finance professionals believe that that options are always too expensive — a remarkable belief in persistent market inefficiency.
Old treasurers never die, they just lose interest.
More Maxims
- All Maxims
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