LATEST ARTICLES

CASH MANAGEMENT

Power of the pyramid in managing treasury risk Power of the pyramid in managing treasury risk

In the current volatile economic and political environment, treasurers are under pressure to adapt their operations in accommodating the unexpected. flow shares insights from an Economist Impact webinar featuring the “reverse pyramid” approach to treasury from food manufacturer Kraft Heinz

Power of the pyramid in managing treasury risk More

TRADE FINANCE

Trade finance funds – a sharpening appetite? Trade finance funds – a sharpening appetite?

Investor understanding of trade finance funds and how they fit into a balanced portfolio has some way to go, agreed panelists at the 2022 ITFA Annual Conference, and the asset class must hold its own against other structured finance asset offerings to gain momentum. Track record, insurance mitigants and good structuring are vital, reports flow’s Clarissa Dann

Trade finance funds – a sharpening appetite? More

CURRENT EDITION

CASH MANAGEMENT

CASH MANAGEMENT

Power of the pyramid in managing treasury risk Power of the pyramid in managing treasury risk

In the current volatile economic and political environment, treasurers are under pressure to adapt their operations in accommodating the unexpected. flow shares insights from an Economist Impact webinar featuring the “reverse pyramid” approach to treasury from food manufacturer Kraft Heinz

Power of the pyramid in managing treasury risk More

CASH MANAGEMENT, SUSTAINABLE FINANCE

Are treasurers’ investment priorities shifting as interest rates rise? Are treasurers’ investment priorities shifting as interest rates rise?

With interest rates at their highest level in 14 years and an inflation rate not seen for 40 years, treasurers face a situation that few have witnessed during their careers. Helen Sanders reflects on what this means for treasurers’ short-term investment strategies

Are treasurers’ investment priorities shifting as interest rates rise? More

CASH MANAGEMENT

Beyond traditional deposits Beyond traditional deposits

The combination of rising interest rates, high levels of market liquidity and low appetite for loans is leading banks and their institutional clients to be more inventive with the way they manage their excess liquidity. flow explores the alternatives to current account deposits

Beyond traditional deposits More

TRADE FINANCE

TRADE FINANCE

Trade finance funds – a sharpening appetite? Trade finance funds – a sharpening appetite?

Investor understanding of trade finance funds and how they fit into a balanced portfolio has some way to go, agreed panelists at the 2022 ITFA Annual Conference, and the asset class must hold its own against other structured finance asset offerings to gain momentum. Track record, insurance mitigants and good structuring are vital, reports flow’s Clarissa Dann

Trade finance funds – a sharpening appetite? More

TRADE FINANCE, CASH MANAGEMENT

Five drivers of transaction banking’s direction Five drivers of transaction banking’s direction

How will ISO 20022, sustainability, digital currencies, sanctions and trade digitalisation shape the future of transaction banking? flow summarises the top five takeaways from the Bankers Association for Finance and Trade’s (BAFT) 2023 Europe Bank to Bank Forum

Five drivers of transaction banking’s direction More

TRADE FINANCE, MACRO AND MARKETS

Trade in 2023 – navigating the unknown Trade in 2023 – navigating the unknown

Trade economist Dr Rebecca Harding shares her deep dive into the three main drivers shaping trade volumes and values for 2023

Trade in 2023 – navigating the unknown More

DOSSIER SUSTAINABLE FINANCE

Greening Henkel’s supply chain

FLOW CASE STUDY, SUSTAINABLE FINANCE

Greening Henkel’s supply chain

Henkel is using its position as a key buyer to incentivise suppliers to pursue more sustainable practices. flow’s Clarissa Dann explores the critical role of the company’s supply chains in this transition and how sustainability-linked supply chain finance programmes are driving change

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Cities under threat

SUSTAINABLE FINANCE, MACRO AND MARKETS

Cities under threat

Although COP27 at least kept the global climate change conversation going, agreement and common frameworks still seem some way off. flow shares insights from two Deutsche Bank reports setting out some practical next steps

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Was COP 27 an ESG cop-out for treasurers?

SUSTAINABLE FINANCE, CASH MANAGEMENT 

Was COP 27 an ESG cop-out for treasurers?

Corporates continue to embed ESG in their strategic frameworks, and COP27 taught us that net zero means working together

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FLOW CASE STUDIES

Greening Henkel’s supply chain

FLOW CASE STUDY, SUSTAINABLE FINANCE

Greening Henkel’s supply chain

Henkel is using its position as a key buyer to incentivise suppliers to pursue more sustainable practices. flow’s Clarissa Dann explores the critical role of the company’s supply chains in this transition and how sustainability-linked supply chain finance programmes are driving change

More

A new suite of virtual accounts for home24

FLOW CASE STUDIES, CASH MANAGEMENT

A new suite of virtual accounts for home24

home24’s success as an online furniture platform is founded on effective process automation. flow explores how virtual account numbers help provide the efficiency needed to sustain the company’s rapid growth

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Roche’s treasury transformation journey

FLOW CASE STUDY, CASH MANAGEMENT

Roche’s treasury transformation journey

The Roche Group treasury team has been on an ambitious journey since 2004, and this has since proved a model for treasury functions around the world. With the implementation of virtual accounts a pivotal step, flow charts treasury’s transformation to become a strategic business partner for the Group

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SECURITIES SERVICES

SECURITIES SERVICES, REGULATION

A delicate balance Finding crypto equilibrium

Regulations cannot effectively manage human integrity, and Deutsche Bank’s Boon-Hiong Chan reflects on finding a delicate balance between protecting investor safety and the need for digital assets to continue their evolution in the light of the recent crypto firm collapses

A delicate balance More

SECURITIES SERVICES, REGULATION

Crypto assets: a lesson from history Crypto assets: a lesson from history

The rapid rise and fall of the cryptocurrency exchange FTX reflected a volatile crypto market in 2022 and echoed previous high-profile corporate collapses two decades ago. Now, as then, a tighter regulatory framework is needed concludes the latest Deutsche Bank Research paper. flow’s Clarissa Dann reports on its findings

Crypto assets: a lesson from history More

SECURITIES SERVICES, MACRO AND MARKETS

New frontiers for China’s big spenders New frontiers for China’s big spenders

High net worth individuals (HNWIs) and mass-affluent investors in China want to invest more of their wealth outside of the country. flow explores some of the options currently available to them

New frontiers for China’s big spenders More

MACRO AND MARKETS

Asia Q1 – From high jump to long jump

MACRO AND MARKETS, TRADE FINANCE

Asia Q1 – From high jump to long jump

In the first Asia Corporate Newsletter of 2023, Deutsche Bank Research Strategist Mallika Sachdeva reflects on key economic pivots underway in Asia – China’s scrapping of its zero-Covid policy and the Bank of Japan’s initial steps to exiting ultra-easy monetary policy. She also shares insights on the impact of all of this on Deutsche Bank’s currency and commodities views and what this means for corporates’ FX and raw materials hedging strategies

More

Cloud of recession

MACRO AND MARKETS

Cloud of recession

In April 2022, Deutsche Bank Research made headlines by reporting that central banks’ battle to rein back inflation at the expense of global growth would precipitate recession in 2023. As 2022 draws to a close, the team reconfirm the economic storm clouds while highlighting their silver linings. flow’s Clarissa Dann reports

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Ethereum’s ‘Great Merge’

MACRO AND MARKETS, SECURITIES SERVICES

Ethereum’s ‘Great Merge’

Ethereum, the second largest cryptocurrency in terms of market cap has shifted to a “proof-of-stake” consensus mechanism, with key implications for energy use, network security – and the crypto landscape. Drawing on Deutsche Bank Research, flow’s Clarissa Dann takes a closer look

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TRUST AND AGENCY SERVICES

TRUST AND AGENCY SERVICES, MACRO AND MARKETS

CLO ETFs come of age CLO ETFs come of age

flow takes a close look at the collateralised loan obligation (CLO) ETF market – a nascent yet growing asset class that combines two of the most significant securities innovations in decades

CLO ETFs come of age More

TRUST AND AGENCY SERVICES

Buoyant in Barcelona: Asset-backed securities Buoyant in Barcelona: Asset-backed securities

Asset-backed securities (ABS) continue to attract investor appetite and drew delegates to the 2022 Global ABS conference in Barcelona. flow reports on key themes and takes a closer look at insights into the auto ABS sector and collateralised loan obligation (CLO) structuring

Buoyant in Barcelona: Asset-backed securities More

TRUST AND AGENCY SERVICES {icon-book}

Collateralised loan obligations explained Collateralised loan obligations explained

Against a backdrop of geopolitical and economic volatility, collateralised loan obligations (CLOs) continue to navigate uncertainty and hold net asset values. flow explains the role of this remarkable asset class in Deutsche Bank’s Trust and Agency Services portfolio

Collateralised loan obligations explained More

REGULATION

Who is your counterparty?

CASH MANAGEMENT, REGULATION

Who is your counterparty?

Eliminating duplicative activities is essential for financial institutions seeking to provide added value to clients during the performance of underlying client checks. flow takes a closer look at how the Global Legal Entity Identifier Foundation has come up with a neat solution to address this

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A brave new SDR world?

SECURITIES SERVICES, REGULATION

A brave new SDR world?

With the Central Securities Depositories Regulation (CSDR) Settlement Discipline Regime (SDR) having come into force on 1 February 2022, mandatory buy-ins for market participants that fail to settle a trade within a set period was postponed. flow provides a summary of the impact

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Regulation and splinternet

REGULATION

Regulation and splinternet

A concept first envisaged a decade ago, the splintering of the internet is moving closer to reality as regulation attempts to impose both limitations and new responsibilities, reports Boon-Hiong Chan of Deutsche Bank Corporate Bank’s Market and Technology Advocacy team

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DOSSIER ASEAN

DOSSIER ASEAN, MACRO AND MARKETS

The Philippines: Pliant like the bamboo and poised for growth The Philippines: Pliant like the bamboo and poised for growth

As the Philippines heads towards its national elections in May 2022 and grapples with Covid-19, flow highlights the country’s resilience and potential for those investing in and trading with ASEAN’s second largest market

The Philippines: Pliant like the bamboo and poised for growth More

DOSSIER ASEAN

Heirs of Lac Long Quan (Vietnam) Heirs of Lac Long Quan (Vietnam)

Vietnam has managed to weather the Covid-19 pandemic better than many Asian economies. flow examines what underpins this resilience and how it is driving flows of foreign direct investment and export growth

Heirs of Lac Long Quan (Vietnam) More

DOSSIER ASEAN

Indonesia’s place in the sun? Indonesia’s place in the sun?

Indonesia’s Omnibus Law seeks to boost foreign investment, jobs, and trade. flow examines its background and the opportunities this could bring as the country recovers from Covid-19 economic shock

Indonesia’s place in the sun? More

DOSSIER COVID-19

Covid-19 – a vulnerable recovery

DOSSIER COVID-19, MACRO AND MARKETS

Covid-19 – a vulnerable recovery

New treatments to limit the spread of Covid-19 are encouraging but exiting the Covid ravine remains a slow journey liable to setbacks. Clarissa Dann summarises Deutsche Bank Research indicators of how far the world has come in reaching some form of business as usual

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Point of no return

DOSSIER COVID-19, MACRO AND MARKETS

Point of no return

The slow progress of persuading employees back to the office after months of Covid-19 lockdowns and restrictions is accelerating, but the future of work post-pandemic will inevitably be different as more opt to work from home full-time or part-time. flow’s Graham Buck and Clarissa Dann report on a brave new world of work

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Trade beyond Covid-19

TRADE FINANCE, DOSSIER COVID-19

Trade beyond Covid-19

As the world learns to live with Covid-19 and global trade flows pick themselves up again, will there be the cooperation needed to avert ongoing trade wars and support fragile supply chains? Rebecca Harding shares her findings

More