Capital Markets & Investments

Corporations are required to use the incremental borrowing rate to discount outstanding lease payments. The fair value of leases must now be recorded on the balance sheet, and noncompliance is not an option under the new ASC 842 and IFRS 16 requirements. Attend this session to discover how treasurers are dealing with this new requirement, and how to implement a consistent approach to determine the fair value of operating leases using the five building blocks. Attendees also gain strategic insight into credit rating and pricing assessments.

ICD will present case studies with Mark Sahler (Jefferies, Managing Director), Matthew Post (Qualcomm Treasury Director, Global Operations and Risk Management) and Tom Knight (ICD EVP & Treasurer) reviewing how treasury teams can maximize portal utilization to achieve efficiencies. This session will focus on improving short-term treasury investment workflow through integrating liquidity portals, banks, electronic trading platforms, treasury management systems, consolidated reporting and analytics. We will also discuss pros and cons of short-term investment products including Prime MMFs, Government MMFs, SDBFs, Bank Deposits, Commercial Paper, U.S. Treasuries and FICA, and how they compare in regards to capital preservation, liquidity and yield.

With diverse forces driving dynamic change across the short-term markets, shifting global regulations, and new and innovative product structures in cash investing, 2019 has become more complex. Whether you oversee a mature treasury operation, are a start-up gathering funding, or a firm experiencing episodic change, opportunities abound in going back to the foundations of cash investment management. This session shares unique perspectives for supporting a return to the fundamentals of cash investment in order to achieve business goals and explore new opportunities.

For seasoned corporate treasurers and new investors managing cash portfolios, the principles of safety, liquidity and return remain a constant. This expert panel shares how they measure success, assess performance and risk in their own organizations' cash portfolios, discuss different metrics and applications. Their real-world examples provide attendees with a vision for establishing a foundation of innovative thinking and strategy to leverage resources and technology to meet their organizations’ short- and long-term needs.

One of the carryovers from the Great Recession is the generous accumulation of balance-sheet cash. The AFP Liquidity Survey has shown a slow decrease in cash as a percentage of short-term investment assets, but cash remains elevated relative to the early 2000s. This panel addresses these questions and compares their concepts of liquidity, how they think about it, its importance in their investment programs, while balancing the need for liquidity with the other pillars of corporate investing.

Join this discussion of the Fed’s mandate for conducting monetary policy and how it has impacted the current decision-making process. Hear about the factors behind the Fed’s decision to raise rates; the market developments that could avert further rate increases; economic and financial variables you should keep track of in order better anticipate the emergence of a recession, as well as the lag effect monetary policy has on the economy.

After years in a relatively flat interest rate environment, corporate treasury professionals are challenged to make critically important liquidity decisions amidst rising rates, limited cash flow and changes in tax laws. Panelists examine the key issues corporates face around the investment debt-decision process, maximizing returns on excess funds, the importance of time value of investments concept, evaluating floating rate entities, and managing and forecasting debt over a 12-18-month horizon.

This session will review a recent significant acquisition by a public company from the perspective of the company's Treasurer. We will discuss the critical objectives of the Treasurer in managing the process to execute the financing to fund the transaction while minimizing cost of capital for the company.