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The Hedgebook collection

Insights, updates and learnings
06/09/15
Spreadsheets: a ticking time bomb
The main competitor to Hedgebook’s treasury management system (“TMS”) is excel spreadsheets. They are cheap (can’t get much cheaper than free!), flexible and easy to use. So why do companies choose to replace their spreadsheets with a TMS? Despite the positives of spreadsheets they also represent a significant risk to...
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23/04/15
PwC treasury survey reveals over-reliance on spreadsheets
PwC’s recently released “New Zealand treasury management survey” (http://pwc.to/1DCSdse) threw up some interesting results, especially in relation to treasury management systems. It may come as no surprise to many, including us at Hedgebook, that there is a significant number of corporates who are still relying on good old spreadsheets to...
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Credit Value Adjustment
17/10/13
Credit Value Adjustment
Credit Value Adjustment or CVA has been around for a long time, however, with the introduction of the accounting standard IFRS13, this year there is a requirement to understand it a bit better. The new standard requires the CVA component to be separately reported from the fair value of a...
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Some things never change – especially in financial risk management…
25/06/12
Some things never change – especially in financial risk management…
It always surprises me with treasury management how much changes and yet how much stays the same. Having been in the treasury game for almost 25 years the basics remain the same – it’s all about risk management stupid. And by risk management I really mean risk minimization. The hedging...
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11/12/11
Is your beloved spreadsheet costing you a fortune?
Why is it that we love our spreadsheets so much? They are labour intensive, they’re often very complex and we all know about the risk of errors, yet we continue to nurture and protect our increasingly unwieldy spreadsheets like they are family. In spite of the seriousness of the potential...
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