Treasury teams with exposure to volatile countries or emerging markets need to be more dynamic than ever before. They need to be familiar with country specific regulatory, trade, political and market characteristics in addition to the latest geopolitical challenges that drive a rapidly evolving landscape. The value of corporate treasury cannot be underestimated in the Emerging Market context. Local currency interest rates tend to be higher than in developed markets, making domestic liquidity management very important to controlling interest expenses. Emerging Market currencies also have regulatory complexities in terms of trapped liquidity. Without diligent planning and preparation of solutions, it is extremely challenging to remit surplus funds from these markets to offset borrowing elsewhere. While trade finance has benefits such as shortening the cash conversion cycle and improving working capital, trade with these volatile markets requires risk management to avoid FX illiquidity, and regulatory uncertainty. Please join JPMorgan’s Michael Gouvion and Karl Schamotta from Corpay on May 25th when they discuss “Cash management in Volatile Markets”
Bios: Karl Schamotta, Chief Market Strategist:
Karl leads Corpay’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses harness market volatility. He has built risk management and trading programmes for hundreds of major corporations, and is a regular contributor to a number of international finance publications. He regularly appears in the Wall Street Journal, Bloomberg, Reuters, BNN, CNN and CNBC. You can follow him at @karl_schamotta on Twitter.
Michael Gouvion [bio coming soon]
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