+ VDT publishes guidelines on overall financial risk management + Recording and documents available for online event "Hedging instead of waiting" + Change in VDT representation at the EACT + Treasury Bulletin #4: Supporting members can now submit topic suggestions + Lively exchange at our regional meetings + Take part now: VDT WM tip 2026! +

The "Guidelines on Overall Financial Risk Management" supplement the "Minimum Requirements for Corporate Treasury" as department-specific guidelines.

Presentation documents for the VDT online event "Hedging instead of waiting: insurance strategies in modern credit risk management"

+ VDT Symposium 2026 Asset Management + Review of the 2026 Financial Symposium + Episode 50 - Treasury Talk! + EU Benchmarks Regulation: four Asian spot FX benchmarks exempt + Recording and documents for online event "Deep Dive Financial Covenants" online + Take part now: VDT World Cup Tip 2026! +

+ Treasury Bulletin - Expertise from supporting members for practical use + Episode 49 - Treasury Talk! VDT Treasury® Mentoring - The mentoring programme for young professionals + Strong VDT presence at the EACT Summit 2026 + Ukraine loan and 20th sanctions package + Presence meeting of the Cryptocurrencies and Blockchain Working Group + EU tightens rules for third-country banks from 2027 + Recording and documents of the online event "Digital Credit Management as a Foundation" available + Take part now: VDT World Cup tip 2026! + Talking together - impressions from our regional meetings +

Presentation documents for the VDT online event "Deep Dive Financial Covenants: Standards, levers and pitfalls"

Presentation documents for the VDT online event "Digital credit management as a foundation"

+ Changes to EU regulations on ESG reporting integrated into "Treasury and ESG" guidelines + Episode 48 - Treasury Talk! + Interested parties can take part in the consultation on changes to the VOP scheme + Hand in hand for success: financing and risk management in the spotlight at the VDT symposium + Eurosystem outlines future plan for payment transactions in Europe + Best Practice 2026: These are the topics that drive the Equity & Debt department +

The "Treasury and ESG" guidelines have been updated again and take into account the changes to the EU regulations on ESG reporting.

+Treasury Bulletin" has been published + Recording and documents for VDT online event "Focus on creditworthiness analysis" online +

The third issue of the "Treasury Bulletin" has arrived.

Presentation documents for the VDT online event "Focus on creditworthiness analysis: Strategies for modern credit risk management"

Presentation documents for the VDT symposium "Hand in Hand" on 19 March 2026

+ VDT symposium l NextGen Trade Finance - outlook for the morning + Recording and documents are online I Online event "Virtual accounts - three companies, three successful projects" + This is on the agenda for the Risk Department 2026 + VDT online event: "Verification of Payee - current status & outlook - part 2" + Episode 47 - Treasury Talk! Private equity and private debt as financing alternatives + What's on treasurers' minds right now? + Follow-up report VDT Regional Circles +

Presentation documents for the VDT online event "Verification of Payee - Current Status & Outlook - Part 2"

Presentation documents for the VDT online event "Virtual accounts - three companies, three successful projects"

+ VDT symposium "Hand in Hand: How Financing and Risk Management Interlock" l few places still available + CSRD amendment directive published in the EU Official Journal + New thresholds for EMIR verification obligation adopted + VDT online event: "Verification of Payee - Current Status & Outlook - Part 2" +

Presentation documents for the VDT online event "From workflow to impact: process optimisation in credit risk management"

+ VDT Cash & Liquidity department symposium: NextGen Trade Finance + New at VDT: Online FX experience exchange - space for your everyday questions + Online event "Financing large projects": Recording and documents are online + Impressions from our first regional meetings 2026 + Call to our members: get regionally active! + EACT Summit 2026 +

Presentation documents for the VDT online event "Financing large projects: Targeted use of funding and consortia"

+ VDT online event: Virtual accounts - three companies, three successful projects + Participate now: Study on the digital switch + *LAST CALL* Verification of Payee: survey continues + Digital euro: VDT involved in ECB working group and "Risk Matters" workstream + Outtakes +

+ VDT symposium "NextGen Trade Finance - Foreign trade between regulation, AI and working capital" + VDT continues to actively support developments towards the digital euro + Episode 44 - Treasury Talk! How much treasury can AI do? A dialogue with ChatGPT + Verification of Payee: Survey continues - take part now! + VDT Summerschool Treasury® 2026 - Your commitment 2026 - Sponsoring package +

+ Survey Verification of Payee + Episode 42 - Treasury Talk! Five moments. One year. One community. + Do you have an innovative treasury idea? Get in touch with us! + Your opinion counts - take part in the EACT Treasury Survey 2026 now! + VDT Summerschool Treasury® 2026 - we are accepting registrations + New members in our treasury community +

+ VDT online event "Financing large projects: Targeted use of subsidies and consortia" + BaFin focusses on management reporting for balance sheet control in 2026 + Episode 41 - Treasury Talk! Payment transactions in transition: What retailers really need - and what banks need to deliver + Review of the 21st Structured FINANCE + Documents from the online event "Using funding smartly: From idea to implementation" available + Follow-up report on the VDT Regional Meeting Berlin on 01 December 2025 +

Presentation documents on "Using subsidies smartly: From the idea to implementation"

+ Welcome to the 21st Structured FINANCE + Guideline on "Treasury and ESG" updated + 25 years of VDT - We say thank you! + Survey on the FX management process and FX risk management strategy + EU Parliament wants to simplify sustainability reporting and due diligence obligations + Episode 40 - Treasury Talk! Can a treasury department develop its own app - without any IT expertise or external support? + VDT calls for innovative treasury ideas +

Released presentation documents on "Financing in non-convertible currencies - focus on India"

+ Survey: In which area of your FX management process + VDT breaks 2,000 mark + Recording and documents of the online event "Basel IV" available + Bank Lending Survey: Banks tighten credit conditions + Episode 39 - Treasury Talk! Translating corporate goals into capital investment + Study@VDT Treasury Days l HAW Kiel +

Minutes of the 28th General Meeting

Presentation documents for the VDT online event "Basel IV: What the changes mean for treasury"

+ The end of the cheque is nigh + Omnibus package: EU Parliament votes against direct start of trilogue negotiations + EURIBOR fallbacks: where do we currently stand? + EU sanctions package no. 19 against Russia + Dutch pension reform: structural change with consequences for interest rate markets and asset allocation + Japan launches first regulated yen stablecoin +

+ VDT online event "Using subsidies smartly: From idea to implementation" + Episode 38 - Treasury Talk! Germany as an AI location: capital, expertise & regulation - how we are winning the race + Treasury Bulletin No. 2 is here! +

+ Second issue of Treasury Bulletin + Treausury Talk! The Podcast +

The second issue of the "Treasury Bulletin" has arrived.

+ NEW at VDT: Exclusive seminar "Group financing" + Episode 35 - Treasury Talk! Format changeover to ISO 20022 - Part 3 + These are the opportunities offered by the research allowance + Annual working meeting of the Professional Profil & Qualification department + VDT Regional Meeting East with the first digital meeting +

+ Best practice: Credit rating for companies + Treasury Talk! - the podcast for treasurers + BaFin: Regulatory tolerance for VoP opt-out also for individual transfers in bulk files + Q&A 120a: EU Commission accepts treasurer request for automated VoP processing +

A compact overview of the key questions surrounding the topic of credit ratings.

Compact overview of the most important issues relating to credit ratings

+ Latest developments on Verification of Payee (VoP) + Welcome to VDT! + TreasuryConnect continues to develop - discussion forum ends on 1 September +

+ VDT career portal l New offer - more reach for your job adverts + VDT supports VoP and PSD3 + Focus on card fees: EU Commission responds to letter from treasurer associations +

+ TreasuryConnect is growing - and evolving + Banks are increasingly focussing on refinancing risks + European Commission simplifies taxonomy reporting + Sustainability reporting: Council of the EU publishes position on requirements + Recording of EACT online event "European Regulatory Radar" available +

+ New regional district structure in NRW - check your profile now l Your address book - now in TreasuryConnect + Follow-up report on the VDT Cash & Liquidity 2025 conference + Follow-up reports on the regional meetings in Stuttgart l Cologne Bonn l Rhine Main + Episode 33- Treasury Talk! Inside VDT - News from the association's specialist departments +

Presentation documents for the VDT Online Event "Working Capital Financing with Securitisations"

Presentation documents for the VDT symposium "TreasurKI: Between hype and reality" on 26 June 2025

+ Episode 32 - Treasury Talk! Trump 2.0 and the consequences for Europe and Germany + VDT Regional Meeting Ruhr Area discusses current treasury topics + Episode 31 - Treasury Talk! Inside VDT - Expertise, current topics & voluntary work + + +

+ Successful meeting of VDT Young Professionals + Recording and documents are online l VDT online event "Australia and Oceania: Challenges from a treasury perspective" + Global Corporate Treasury Investment Survey 2025 +

This guideline is intended for treasurers and ERP departments preparing for the upcoming changes resulting from the ISO 20022 migration.

+ Episode 30 - Treasury Talk! Data-driven Treasury - How data is changing financial management + Review of the 36th Finance Symposium + Online event "Fraud & Cybercrime": Recording and documents are online + Follow-up reports on the regional meetings North Bavaria l Ruhr area l South l Rhine Main +

This guide is aimed at treasurers and ERP departments who are preparing for the upcoming changes resulting from the ISO 20022 migration.

Documents for the VDT workshop as part of the 36th Finance Symposium 2025 in Mannheim.

Presentation documents for the online event "Fraud & Cybercrime"

+ Bafin President: Don't burden SMEs with excessive reporting obligations when it comes to sustainability + Another well-attended online get-together of VDT Young Professionals took place on 29 April 2025 +

+ VDT symposium "TreasurKI: Between hype and reality" + Digitisation of documentary foreign trade processing + Deadline for 2nd issue of Treasury Bulletin on 23 June +

Recommendations of the VDT Working Group DokAHA.

Recommendations of the VDT DokAHA working group

+ EU Parliament approves postponement of CSRD and CSDDD + How treasury is weathering the current storm + DerTreasurer l Issue 1 / 2025: - Mentoring and treasury - how does it work? + Equity & Debt and Risk departments define focus topics for 2025 + US customs policy: companies are already feeling the nervousness of lenders +

+ Episode 27 - Treasury Talk! Do's and don'ts for treasurers in an M&A financing + Documents from the VDT symposium "Treasury im Sturm" online + First issue of the "Treasury Bulletin" published +

Presentation documents for the VDT symposium "Treasury in the storm" on 27 March 2025

+ The first issue of our association's own trade journal "Treasury Bulletin" has been published + On our own behalf + Episode 25 - Treasury Talk! Uncertain times - economic outlook in view of the new elections + Episode 26 - Treasury Talk! Format changeover to ISO20022 + Latest articles on TreasuryConnect - take a look now! +

The first issue of the "Treasury Bulletin" has arrived.

The Guiding Principles of Corporate Treasury is the English translation of the guideline "Minimum Requirements for Corporate Treasury".

+ Guide to corporate financing published + Is Verification of Payee on your agenda? + Follow-up report on the VDT presence meeting of the crypto working group in February + Cash & Liquidity department meeting in Frankfurt am Main + Follow-up report on VDT regional meeting Cologne-Bonn +

The "Guideline on Corporate Financing" complements the "Minimum Requirements for Corporate Treasury" as a department-specific guideline.

The "Guideline on Corporate Finance" supplements the "Minimum Requirements for Corporate Treasury" as a department-specific guideline.

+ Sustainability reporting for crypto assets: VDT working group discusses MiCAR implementation + Episode 24 - Treasury Talk! Risk-bearing capacity - the order of the day? + ESMA publishes survey results on the LEI + BGH ruling: impact on corporate treasury and banks + ESMA wants to significantly simplify securitisations +

+ Understanding artificial intelligence and using it sensibly in day-to-day treasury work + Recording and documents for online event "Rating vs. no rating" online + Possible consequences of the current Bund swaps spread tightening for corporate financing +

+ (Format) changes in payment transactions + How treasury is integrated into sustainability reporting + Discovering foreign markets with government help + TreasuryConnect, our digital network platform, is now available! + EACT ANNUAL SURVEY 2025 +

The documents focus on the relevance and implications of external ratings for common financing instruments.

+ ESG data catalogue for large companies now also available in English and French + Early adopter or fast follower? Insights from 30 years of treasury + Reception for real-time transfers mandatory from today + Strict requirements for issuers of European green bonds +

+ EMIR 3.0 published in the Official Journal of the European Union + Use the updated VDT app now - always up-to-date, always at hand! + Treasury Talk! Treasury in SMEs + Documents for the VDT online event "Digital transformation in foreign trade processing - potentials and opportunities for treasurers" are online + Delivery Hero establishes new technology-supported investment strategy+

The DokAHA working group provides information on the potential of digitalisation. Companies also report on their practical experiences.

+ Pension De-Risking - reference to VDT publication by the Asset Management department in the dpn e-magazine + Cash & Liquidity department meeting in Frankfurt am Main + Treasury Talk - Treasury Recruiting in transition: Strategies against the shortage of skilled workers and secrets of success + BaFin does not immediately scrutinise sustainability reporting + Recording and documents of the online event "Covenants" online +

Minutes of the 27th General Meeting

Special issue Pension Management, dpn E-Magazine 07/2024, Background Pension De-Risking

Presentation documents for the VDT online event "Covenants in loan agreements - an introduction"

+ VDT updates guideline "Minimum requirements for corporate treasury" + Treasurers must expect this after US elections and coalition break + Documents for the VDT online event "Wero - The future of payments in Europe?" are online + Episode 20 - Treasury Talk! The classic trade bill +

The presentation documents for the VDT Treasury Day 2024 are available online.

The fourth edition of the guidelines describes the requirements for establishing and developing the treasury function.

+ Expertise from supporting members for practical use + Documents for the VDT online event "Emergency Treasury Plan" are online + World Payments Report 2025 + Episode 19 - Treasury Talk! What's up Supply Chain Finance +

After an overview of this future payment system, representatives from EPI, acquirers and retailers will discuss the advantages and challenges of this future form of payment.

Find out how you can prepare for the growing threat of cyber attacks.

+ Documents for the VDT symposium "Treasury 2024" are online + Bundesbank updates Basel III calculations + Economic situation and sustainable transformation challenge treasury + News from our website: Discover the new functions of MyVDT +

The conference documents for the VDT symposium "Treasury 2024" are available online.

+ German banking industry calls for reform of the securitisation market + Quality of sustainability reports still varies greatly + Risk department focuses on CSRD and GenAI + Professional Profil & Qualification department meeting +

+ VDT podcasts "Treasury Talk!" now also available on Spotify, Amazon Music and Apple Podcasts + BaFin enables shorter processes for share prospectuses + Episode 17 - Treasury Talk! Eastern Europe: Challenges from a treasury perspective l Part 2 + Mandatory e-invoicing in the B2B sector from 2025 +

The Treasurer magazine from the Association of Corporate Treasurers Issue 3 l 24

+ Options for reducing counterparty risks in short-term investments + News on the VDT career portal +

The comparison paper provides an initial overview of some of the offers on the market.

+ Options for reducing counterparty risks in short-term investments + News on the VDT career portal +

+ Best practice paper "AI in liquidity planning - how do I get started?" published + START VDT Summerschool Treasury® 2024 + EU Commission provides answers on the implementation of the Instant Payments Regulation + EU Benchmark Regulation comes under regulatory scrutiny + Face-to-face meeting of the VDT working group "AI in liquidity planning" +

Discover the new best practice paper "AI in liquidity planning - how do I get started?"

+ VDT calls for innovative treasury ideas + New VDT working group focuses on the digitalisation of trade finance + Demand for corporate loans on the rise again + Treasury caught between EM euphoria and election uncertainty +

The collected volume contains all nine parts of the article series on interest rate risk management.

The anthology contains all nine parts of the series of articles on interest rate risk management.

+ Association of German Treasurers publishes video on the definition of treasury + Successful strategy meeting in Frankfurt am Main + Sanctions package against Russia published in the EU Official Journal + Second face-to-face meeting of the Cash & Liquidity department + Episode 15 - Treasury Talk! Treasury and Insurance +

The VDT has supported the associations of private and public banks and the insurance industry in developing an ESG data catalogue for large companies.

+ New offer for VDT sponsoring members + VDT article "Digital reporting in asset management" + Hedge accounting in accordance with IFRS 9 + Episode 14 - Treasury Talk! + Summary of the VDT Cash & Liquidity Conference: "The future is here - what's next?" + Germans are open to the digital euro +

Liebherr transforms asset management with automated reporting

Slides for the VDT conference on 13.06.2024 with a focus on artificial intelligence and digitalisation

+ BaFin updates banks' MaRisk + Episode 13 - Treasury Talk! + Through the looking glass: An insight into the Loan Market Association +

The Treasurer magazine from the Association of Corporate Treasurers Issue 2 l 24

+ The Best Practice Paper - Cryptocurrencies in Treasury has been published + SEPA regulations + Follow-up report on the VDT crypto working group's exchange of experiences + Episode 12 - Treasury Talk! +

The presentation documents on "Optimising Working Capital with Inventory Financing" are available online.

The publication sheds light on the challenges of implementing cryptocurrencies for treasury and finance departments and answers the most common questions.

Slides from the VDT exchange of experiences of the crypto working group: Practical use cases of digital currencies

+ Part 9 of the interest rate risk management article series has been published + Episode 9 - Treasury Talk! Virtual accounts + Participation in our member survey - your opinion counts! + WeAreTreasury & Finance - Career - full focus on your vacancy +

In the final part of its series of articles on interest rate risk management, the Risk section focuses on holistic interest rate risk management.

Instant payment providers are obliged to check whether the IBAN and the name of the beneficiary match.

35th Finance Symposium l The second workshop on 18 April 2024 on "Treasury 4.0: the digital transformation in cash management and payment transactions"

+ VDT publishes guidelines on "Treasury and ESG" + Collection of articles on "Insurance in Treasury" + ESMA consultation on the "evaluation" of its proposals for amendments to the "Credit Rating Agencies Regulation framework" + SCF programmes still in demand +

Summary of Parts 1-6 | With the concluding section "Communication and Conclusion," the article series "Insurance in Treasury" comes to an end.

Summary Part 1 - 6 l With the final part "Communication and Conclusion", the series of articles "Insurance in Treasury" comes to an end

+ Seven new workstreams to the ECB digital euro scheme Rulebook Development Group opened - application deadline 5 April 2024 + European Commission workshop on the implementation of the Instant Payments Regulation + Instant Payments implementation schedule set +

The Treasurer magazine from the Association of Corporate Treasurers Issue 1 l 24

Eastern Europe: Challenges from a treasury perspective - March 2024

+ EU draft regulation on combating late payment + Presence meeting of the Equity & Debt department + Time travel at the Risk department meeting +

Slides from the VDT exchange of experiences "by treasurers for treasurers" of the crypto working group on the "Regulated Liability Network" (RLN).

+ COUNCIL OF THE EUROPEAN UNION ADOPTS REGULATION ON INSTANT PAYMENTS + Preliminary political agreement on EMIR 3.0 + VDT Crypto Working Group meets in presence + Episode 7 - Treasury Talk! Crypto working group of the VDT e.V.+

+ EACT - Survey: Trends and Priorities in Treasury + Meeting of Regional Group Managers + LMA publishes revised Schuldschein Loan Agreements + Podcast Young Professional in Treasury +

++ Deutsche Bundesbank publishes study on the cash of the future ++ LkSG relevant for treasury on a case-by-case basis ++ Compact & animated - third information video - digitalisation of the risk management process ++

Overview of the two currently most important frameworks (Use of Proceeds and Sustainability-linked)

The guidelines follow on from the publication "De-risking Journey of Pension Risks in Germany" from 2021.

++ VDT online event "External rating - curse or blessing?" ++ EMIR Refit Reporting: Submit applications for exemption by the end of January ++ Podcast Episode 4 - "Exclusive insights into the details of the Wholesale CBDC" ++

Slides on the VDT experience exchange of the crypto working group: Experience reports on wallet opening

The Treasurer magazine from the Association of Corporate Treasurers Issue 4 l 23

++ Council reaches agreement to improve EU clearing services ++ BaFin focuses on management report for 2024 balance sheet audits ++ Podcast episode 3 - "Treasury life's work by Brigitta Kocherhans" ++ Presentation documents are online ++

Members of the Fraud Prevention working group will report on their experiences with a cyber attack and provide an overview of immediate measures.

Exemplary representation of a common, simple planning scheme in Excel

The VDT symposium offered an exciting programme covering all aspects of strategic corporate management.

+++ *NEW* Position paper: Definition of Treasury +++ EACT Summit 2024 +++ Face-to-face meeting of the Cash & Liquidity department in Frankfurt am Main +++ Your job advert in our newsletter +++ New LinkedIn group for young professionals

The Association of German Treasurers (VDT e.V.) has prepared this position paper to define the term and function of Corporate Treasury (hereinafter referred to as "Treasury").

In this online event, we will provide information about banking APIs as an additional option in digital customer-bank communication.

+++ Part 5 of the VDT article series "Treasury and Insurance" has been published +++ Follow-up report - VDT Treasury Day 2023 +++ Software for AI-based liquidity planning: What is important? +++ The official app - exclusively for VDT members +++ Are digital currencies the future +++

The "AI in liquidity planning" working group has developed selection criteria that can support the choice of software for AI-supported direct liquidity planning. A benefit analysis serves as a decision-making aid.

The fifth part of the VDT article series "Treasury and insurance" has been published. The "Insurance" working group from the Risk Management department has compiled a glossary on this topic - from A for acquisition costs to V for pre-contractual duty of disclosure.

Minutes of the 26th General Meeting

+++ SEPA format migration will not take place until 17 March 2024 +++ The ECB project on the digital euro continues +++ Recording and presentation documents are online l VDT online event "ISO 20022 is coming - DTAZV and MT940 are disappearing "+++

The Treasurer magazine from the Association of Corporate Treasurers Issue 3 l 23

In this online event on ISO 20022, we will look at the new possibilities, but also the challenges of the changeover, in particular the discontinuation of the DTAZV and MT940 account statement formats.

+++ News on the VDT Career Portal +++ VDT Young Professionals Stammtisch +++Recording and presentation documents are online l Online event "ESG derivatives in connection with ESG financing" +++

Documents for the VDT Roundtable at the 19th Structured FINANCE 2023

This publication addresses the digitalisation of the KYC process.

Sustainability-linked interest rate derivatives are still relatively rarely used. However, Deutsche Glasfaser is one of the companies that has already gained experience with this. The telecommunications company has hedged the interest on its ESG-linked loan concluded in 2022 with ESG-linked hedging. During the online event, Christian Fangmann, Head of Treasury & Capital Market Communication at Deutsche Glasfaser Group GmbH, will explain why such an interest rate derivative is the "icing on the cake" of sustainable financing and what needs to be considered when concluding it.

The publication deals with the digitalisation of the KYC process.

+++ Recording and presentation documents are online I Online event "Sustainable Finance: Supplier financing with ESG criteria" +++ Professional Profil & Qualification departmental meeting +++ Member survey on the topic of "Regulatory hotspots: EMIR threatens new trouble" +++ Reporting obligation for companies that import energy-intensive goods into the EU +++

As part of the online event, Rainer Gerstung from Knorr-Bremse will give an overview of the establishment of an ESG link with two rating providers in a global supply chain finance programme and the associated challenges in technical implementation.

Slides from the VDT exchange of experiences "by treasurers for treasurers" of the cryptocurrency working group

+++ Regulatory focus: EMIR threatens new adversity +++ VDT Treasury Day 2023 (incl. general meeting) Conference l 08 November 2023 l Frankfurt +++ Risk department goes digital +++ VDT is looking for innovative treasury projects +++ 360-degree view of the supply chain finance programme topic

The presentation document for our online event "Centralisation in payment transactions - Part IV "Virtual accounts"" on 7 September 2023 is available.

+++ Part 4 of the VDT article series "Treasury and insurance" has been published +++ VDT gives its assessment of the EU Commission's legislative proposal on the digital euro +++ News from the crypto world: Developments at PayPal, SAP and Visa +++ Compact & animated - an information video on digitalisation in liquidity risk management

The fourth part of the VDT article series "Treasury and Insurance" has been published and deals with the topic of "Total Cost of Risk (TCOR)".

+++ Code of Conduct "Compliance" +++ VDT is looking for innovative treasury projects l Closing date: 18 September 2023 +++ VDT TRADE FINANCE seminar - early bird discount until 24.08.2023 +++

+++ VDT is looking for innovative treasury projects l Closing date: 18 September 2023 +++ BaFin publishes sustainable finance strategy +++ Banks price in climate risks in loans +++ CESOP Directive: No reporting obligation for intragroup payments +++ What the Asset Management department will be working on in the second half of 2023

As a follow-up to the "Road to Capital Market" conference, we are providing a comparison of the various financing instruments on the debt and equity markets.

+++ Basel IV: "credit crunch" is unlikely - but not ruled out +++ Syn Loan digital: Vetter concludes syndicated loan via platform for the first time +++ Corporate treasurers want cross-bank API standard +++ Follow-up report on the VDT symposium of the Asset Management and Cash & Liquidity departments +++ Second face-to-face meeting of the Cash & Liquidity department

In addition to the recently published article on the latest developments in the area of reference interest rates, we are pleased to be able to show you relevant considerations for issuers as part of a VDT online event using the specific example of a US dollar promissory note loan from Brenntag SE. Moritz Heußler from Brenntag SE and experts from Helaba will discuss the choice of a suitable reference interest rate for US dollar promissory notes and corporate financing, supplemented by a look at the future development of the market and information on how companies can position themselves.

+++ EU Commission presents draft legislation on the digital euro and PSD2 Payment Services Directive +++ De-risking of pension risks in Germany: hedge and pay - an article by the Asset Management working group on de-risking +++ Career portal 2023: Lively use in the first 6 months - popular adverts and growing reach +++ New "Accounting for financial instruments" seminars now bookable for 2024

The article by the De-Risking Working Group gives a foretaste of the second part of the VDT publication "De-Risking Journey of Pension Risks in Germany", which will be published in 2021.

+++ Part 3 of the VDT article series "Treasury and Insurance" has been published +++ Join the VDT ePayments working group of the Cash & Liquidity department +++ Recording and presentation documents are online l Online event "HOCHTIEF's path to the capital market" +++ Follow-up report VDT Stammtisch Young Professionals +++ New VDT Basisqualifizierung Treasury® course bookable in autumn 2024

As part of the online event, Rudolf Bräunig, Head of Corporate Finance at HOCHTIEF AG, and Stefan Zander, Senior Manager Corporate Finance at the construction group, will report on the company's experiences on its way to the capital market over the past two decades.

The third part of the VDT article series "Treasury and insurance" has been published. The "Insurance" working group from the Risk Management department looks at "Broker selection". If a company wants to work with a broker when it comes to insurance, it faces the challenge of finding the right partner. In this article, we show from a practical perspective what needs to be considered when selecting a broker. Part 4 on the topic of "Total Cost of Risk (TCOR)" will be published in around two months' time. We hope you enjoy reading the individual articles.

Slides for the VDT conference on 15 June 2023 with the focus on Interest and inflation - AI in liquidity planning - digital currencies in treasury

+++ The move from IBORs to risk-free rates - where are we now? - an article by the Loan Market Association +++ Results of the EACT Survey 2023 +++ Part 8 of the interest rate risk management article series has been published

+++ Part 8 of the series of articles on interest rate risk management has been published +++ US dollar LIBOR ends on 30 June 2023 +++ Follow-up report on the VDT exchange of experiences "by treasurers for treasurers" of the cryptocurrency working group on 24 May 2023 +++ VDT@TH Nuremberg and HTW Berlin +++ Results of the EACT survey 2023 +++ EU regulation in payment transactions: EACT and national associations present the interests of corporates to the EU Commission

Slides from the VDT exchange of experiences "by treasurers for treasurers" of the cryptocurrency working group

Part 8 "ESG-linked interest rate derivatives" from the series of articles on interest rate risk management with the current trend topic of ESG.

eBAM: Best practice guide published - New workstreams to the ECB digital euro scheme Rulebook Development Group opened - application deadline 22 May 2023 - Risk Working Group "Regulation" sends letter on EMIR to national authorities - Results of the EACT Survey 2023 - Review of the 34th Financial Symposium: Networking and inspiring workshops

Workshop document of the presentation at the 34th Finance Symposium 2023

Workshop document of the presentation at the 34th Finance Symposium 2023

Part 2 of the VDT article series "Treasury and Insurance" has been published - Follow-up report on the VDT symposium: The journey through the capital market is anything but easy - EACT Summit 2023 - Colourful bouquet of topics after department meeting Equity & Debt - EU draft on instant payments: VDT emphasises the need for the IBAN name check in retail payments

During the online event, Charbel Chamoun, Head of Investor Relations & Rating at the ZF Group, will show how a company can use ESG financing to communicate with investors and stakeholders, and what success and risk factors there are.

It makes sense to locate the management of insurance in the treasury department. But is this also a set-up that can be found in companies?

The presentation documents for our VDT symposium "Road to Capital Market" on 26 April 2023 are now available to our members in the library.

Dr Mario Reichel, member of the VDT Cash & Liquidity department, explains the background and topics of the PMPG survey from 04/2023 on the use of structured address data elements in ISO 20022 messages and discusses the challenges of the changeover.

VDT committees appoint new EACT representative - Current article in DerTreasurer: "VDT gets involved in the digital euro"

As part of the online event, Melanie Asghar from REWE Group will provide an overview of the various forms of ESG financing and show how the topic has developed at REWE Group in recent years.

Insurance in Treasury - ESG - EMIR - Sanctions package against Russia - Commodity Risk

The VDT's Risk Management department has compiled a series of terms used in connection with commodities in a glossary. The collection is intended to complete the series of articles published in the past two years. Our aim is to make it easier for you to get started or to familiarise yourself with the topic. The glossary can be downloaded free of charge using the download button on the right.

Digital Euro Scheme Rulebook Development Group of the ECB - Insurance in Treasury - Cooperation Jobware

Today's publication of the first part - the introduction - marks the start of our new series of articles on the topic of "Insurance in Treasury".

Slides from the VDT exchange of experiences "by treasurers for treasurers" of the cryptocurrency working group

Last part of the VDT online event series "Current challenges in asset management". The "Consequences of the changed market environment" will be analysed.

In order to curb VAT fraud in cross-border business transactions, banks and payment service providers in the European Union will be obliged to report extensive data from cross-border payment transactions from 2024.

Audio discussion round Asset Management - PSD2 - Instant Payments

REPORT DATE: 6 February 2023

EU Commission prepares role backwards for EMIR

Strategic asset management in the operating business" will be examined. The focus is on the approach to the topic of capital investment away from DAX companies.

Sascha Schrader and Daniel Tolle from LPKF Laser & Electronics SE provide an insight into how a medium-sized listed company is tackling the challenges surrounding the topic of ESG.

Exchange BdB/VDT - December 2022

Presentation Presidium l Executive Board l Service Office

As part of the identification of interest rate risks, financing, interest-bearing securities, financial investments, loans and short-term cash positions are generally analysed

Part 7 "Influence of accounting on the hedging strategy" from the series of articles on interest rate risk management addresses the question of the extent to which the hedging strategy and accounting are harmonised.

The Treasurer magazine from the Association of Corporate Treasurers Issue 4 l 22

AGENDA: 1. digital assets - overview & solutions l 2. digitalisation and outsourcing - keynote speech l 3. panel discussion

In the first part, "In a nutshell", the Equity & Debt department sheds light on the mode of operation, the prerequisites and the challenges of such a programme. The second part, "Welcome to the jungle", provides an overview of the large number of fintechs that offer their services as an alternative and/or supplement to traditional banks in this area.

1. introductory speech Steffen Hönig, Director Technology Consulting, Wealth & Asset Management, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft 2. keynote speech Patrick Karb, Managing Director, Hauck & Aufhäuser Innovative Capital Kapitalverwaltungsgesellschaft 3. panel discussion Steffen Hönig, Patrick Karb, Gregor Stephan (moderation)

Minutes of the 25th General Meeting

Prof Volker Wieland, Ph.D., in his keynote speech on the occasion of the 25th anniversary of the German association of Corporate Treasurer (VDT) - From the corona crisis to hyperinflation - war, energy crisis and recession - monetary, currency and fiscal policy under pressure

Documents for the 25th Annual General Meeting 2022

Interview and review of the VDT publication in dpn e-magazine 06/2022

Onboarding Treasuries Exchange of experience on crypto exchanges

Journeys to Treasury Report 2022 - 23

Slides from the VDT exchange of experiences "by treasurers for treasurers" of the cryptocurrency working group

Due to the large number of people, departments, systems and companies involved, guarantee management is a perfect use case for a system-supported process.

Trends in payment transactions - Fraud - Digitalisation opportunities in treasury

VDT Cash & Liquidity division - Digitalisation of EBAM and guarantee processes - API interface - Threat of cybercrime and dealing with sanctions lists - eCommerce & Treasury: fit for the future?

Ukraine War What are the Treasury's current pain points?

Liquidity Planning & Management Part 3_pdf

VDT Risk Department starts anniversary year with face-to-face event - VDT Digital Innovation Board review from 10 March 2022 - VDT exchange of experiences "by treasurers for treasurers" on the Ukraine war - Regional meeting North, 15 March 2022, 4:30 pm, Hamburg - Article series "Interest rate risk management" - Interest rate risk and planning part 6

The (R)-Evolution of FX Trading - Experience Workshops - Holistic Financial Risk Management

Part 6 "Interest rate risk and planning" of the Interest rate risk management series includes the following question: What impact does interest rate risk have on planning?

Fraudsters take advantage of the current Russia-Ukraine conflict - Have you heard about our regional meetings? - "Anniversary campaign Young Professional" - Article series "Interest rate risk management" - Interest rate risk and planning part 6

Liquidity Planning & Management Part 2:

Sanctions against Russia - impact on companies in the EU

Liquidity planning & management part 1

Country series - Mexico

Online event "Request to Pay - a new application in payment transactions and its possibilities

Asset management challenges in corporate treasury

Commodity Risk Management - Price volatility and risk strategy in the company - Corona and the impact on treasury - 25 years of German association of Corporate Treasurer - VDT article series "Interest rate risk management" - Part 5 - VIDEO-CLIP: Digitalisation in liquidity risk management

Drafting contracts for ESG financing: The opposite of good is well-intentioned

Financial reporting under sustainability aspects and accounting of sustainability products_pdf

Results of the S/4HANA survey

VDT Treasury Day 2021 28 October 2021, Frankfurt am Main

Victims of a cybercrime incident - VDT Online Event - Results of the S/4HANA survey

Outlook Consequences of the Covid-19 pandemic - Emergence of an FX expert panel - Article series part 5 Interest rate risk management

The pay-per-use tractor: usage-based service billing based on blockchain technology in practice

Notes on drawing up an intragroup cash pool agreement - Outlook

Stay up to date... Amid all the dynamic developments around us, it is often a challenge for treasurers to distinguish the significant changes from the insignificant ones.

Centralisation in payment transactions Part IIl

Keeping up to date... With all the dynamic developments around us, it is often a challenge for treasurers to distinguish the significant from the insignificant changes.

Trade credit insurance

IBAN discrimination - EBICS version 3.0 - Formats changes 2021 - Personalie VDT and CGI-MP

Pension risks have a long-term impact on companies' cash flows and balance sheets.

"Banking market and strategy - How is the European banking market developing from the perspective of debt capital users? "

E-BAM: Status quo practical examples and outlook

The VDT Cryptocurrency Working Group has compiled selected terms/issues relating to crypto/digital currency for you in an alphabetically sorted collection of definitions/topics, which should serve as a basis for your journey into the "crypto world".

There is an update to the successful VDT publication "Know Your Customer - Best Practices in KYC."

Information pack "Know Your Customer" for your personal use

There is an update for the successful VDT publication "Know Your Customer - Best Practices in KYC".

Factors that lead to success with this dynamic risk management and the advantages it offers.

Centralisation in payment transactions Part II "IT and system solutions"

eSignatures - basics, live demo and Q&A session

Group privilege - Payment Services Supervision Act

Risk-free Reference Rates- Update June 2021

Corona and the impact on the Treasury

There are few processes where the added value of a technical improvement can be experienced as directly as with electronic signatures.

EURIBOR fallbacks - ECB publishes recommendations

Fraud prevention

Research report "The future networking of bank-based corporate financing in Germany with the international capital markets"

Results of the trade credit insurance survey

It is still common today for bank account information (IBAN, bank details, authorised representatives, etc.) to be stored in various systems and/or Excel.

Online discussion round

Digital currencies: Changes in payment transactions - an exchange of experts

Liquidity planning with the following questions serves as the basis for managing liquidity, currency and interest rate risk: Which companies in the Group generate or consume liquidity?

Communication from the FCA

The ECB will begin publishing average rates for short-term euro interest rates (€STR) on 15 April 2021

Middle East country series

EU strategy for retail payments

Using a specific example, the time-dependent interest rate risk when issuing a bond is discussed from a treasurer's perspective, from the planning of the refinancing to the final price fixing.

Change in reference interest rates - from reform to treasurer practice

Publication ESMA

This article presents the most common key performance indicators (KPIs) and highlights the advantages and disadvantages of individual KPIs.

Corona and the impact on Treasury V - Interview on the Working Paper "Investigating the cross currency basis in EURUSD and EURGBP"

The Schuldschein market in the times of Corona

Crime scene internet - human vulnerability and how I can protect myself!

Consultations (EURIBOR)

Cryptocurrencies and corporate treasury - an initial overview

Sustainability in financing - a categorisation of the relevant EU regulatory initiatives for treasurers

A working group within the Risk Management division examined alternative approaches to the prospective management of foreign exchange risk, particularly for emerging market (EM) currencies, and is pleased to provide the results in the publication "FX Overlay Management."

A working group of the Risk Management department has analysed alternative approaches to the prospective management of currency risk, in particular for emerging market (EM) currencies, and is pleased to make the results available to you in the publication "FX Overlay Management".

Reference rate reform - what happened so far in 2020?

Anecdotes from treasury life I EU survey I EBA survey

Payment methods on the Internet

Corona and the impact on Treasury IV

The Interest Rate Risk Management working group has prepared the first part of the series of articles of the same name with an introduction to the topic for you.

Payment Factory - digital signature - eCommerce - eBam- DAC 6

In the period from 20 May 2020 to 23 June 2020, German association of Corporate Treasurer (VDT) surveyed its company members on liquidity and financing management under coronavirus conditions.

Cash and WCM - DAC6 - PEPPOL - Transparency register - VDT Innovation Award

Instant Payments

Impact of the corona crisis on market liquidity and commercial paper - an assessment of the ESR

Crisis - What now? Revival of working capital management - steering through the crisis and beyond

Consultation European Commission

Corona and the impact on Treasury III - Risk matrix - Benchmark Regulation review - EACT

Home Office - Treasury Speedboat Project - Consultations: Retail Payments, Digital Finance

DAC 6 - Implementation of the requirements of the amending Directive 2018/822/EU (DAC 6)

Country series

Corona, impact on the treasury - fraudsters take advantage of the crisis

(Basel III implementation 30032020) Following last Friday's statement by the Governors of central banks that make up the Basel Committee on Banking Supervision (BCBS) to delay the full implementation schedule for the latest Basel III standard by 1 year

Corona and the impact on Treasury II

COVID-19 Daily Update on European Political Responses 26 June 2020

Corona and the impact on the Treasury

Group financing and transfer prices - Indebtedness - Self-assessment - Intercompany financing concept - Principles of transfer prices - ALDI SOUTH Group - Cash pooling

Transfer prices

Innovation Award - Tax structures - ZAG

KYC - VDT Best Practices Paper - ISO - CoP

The document VDT Best Practices Paper Internal Offsetting of Treasury Services is intended to provide an overview of the necessity of offsetting transfer prices and also deals with legal and tax aspects, which should serve as support with reference to an individual review in your own company.

Commercial paper - an interesting financing instrument

FX Optimal secure without gut feeling

Successor to the EONIA - The €STR

Digital Treasury - Technologies and Speed Boats - Overview: The FinTech World - The potential of Artificial Intelligence - Startup Pitches

What does the EMIR REFIT mean for us treasurers?

Effects of the transition from EONIA to €STR

Secure identity online - ID card instead of identity theft

New definition of reference interest rates - IASB cover letter - EONIA to €STR

Changes to the German ZV - SCT intended use - KYC, FinCEN - PEPPOL

For most companies, raw materials and therefore raw material prices are a key factor in the production process as well as a decisive factor in the earnings situation.

The topic of financial crime compliance is defined in many different ways.

In the VDT publication "Checklist TMS" from 2015, the process for selecting suitable system support in the treasury area was described.

From pen pals to online dating" Account management in transition, 09 April 2019, Düsseldorf

From pen pals to online dating I Account management in transition II

Digital Schuldschein platforms - snapshot of SSD platforms

BREXIT@Risk²

BREXIT@Risk

EMIR backloading no cause for great concern

In view of increasing holdings of financial assets in the member companies and the increasing funding of pension liabilities in conjunction with the current phase of low interest rates, companies may be exposed to loss and liquidity risks that have not existed in this form and, in particular, to this extent in the past.

BankKredit on risks and side effects...

Changes in German payment transactions - FBAR Foreign Bank Account Reporting

Robotics I Artificial Intelligence I Artificial Intelligence I Big Data Analytics I Blockchain I

BaFin confirms legal opinion on exemption from group privilege

Legal opinion on the VDT's exemption from the group privilege to BaFin - July 2018

Requirement of a licence according to the ZAG

ECM and DCM reviews - Equity & Debt department - Dates 2019

Innovations in cash management - FinTechs - Treasury Tech - Cash in Delivery - Instant Payments - Digitalisation and PSD II

Key facts - From treasurers for treasurers - VDT departments and organisation - KYC - FRAUD - Group privilege vs. payment factory

Leasing (motives) in Germany - changes due to IFRS 16 - operating leases - debt vs. EBITDA

Digitalisation@Risk - New opportunities in risk management

Pension Asset Management - Challenges & Management in Corporate Treasury

Corporate treasurers are involved in most corporate processes in various ways, ideally end-to-end.

Workshops - Dates

BAFIN I VDT in exchange on the ZAG leaflet

Equity & Debt - Green Bonds I SME Bonds I ECM I DCM

MIFID II Directive

Financial risk management is one of the core functions of Corporate Treasury. It deals with the identification, management and monitoring of all financial risks.

Equity & Debt - Market analyses I ECM I Corporate bonds I Promissory note loans I Rules for securitisations I Alternative to syndicated loan agreements

M&A Process I Merger & Acquisition I Practical Example I Refinancing I Carve-out I Role of Treasury I Do's and Dont's I Legal Considerations

Pension obligations I Balance sheet presentation I Active management I Asset management I Organisation of pension management

BAFIN - KYC - Audit-proof account statements - Article series Cash Management

Operational Risk Compliance I Fraud Prevention I Financial Crime I Anti-Financial Crime Organisation I Minimising Operational Risk

Changes to payment transactions - Instant Payment

Money Laundering - KYC - IBAN Discrimination - Instant Payments - Fraud Update

Crime scene Treasury - Money Transfer Regulation - Transparency Register

Risk Management - Guideline "Minimum Requirements for Corporate Treasury I Turkey I Commodities I Myths Hedging I Spotlight Regulation I EMIR I FTT I FinfraG I MMF I ECB

IBAN - EZB - EACT

Cash Liquidity - Fraud - GP2 - KYC - Negative interest rates

Cash Liquidity - Fraud - GP2 - KYC - Negative interest rates

Every project, including the introduction of a Treasury Management System (TMS), costs resources and generally only makes sense if the company experiences an improvement as a result.

Finance

Finance

This booklet is designed to help you familiarise yourself with the complex changes in the derivative hedging markets following the financial crisis.

Political response to the effects of the financial market crisis

This guide is intended to provide a general overview of the topic of bank management and give treasurers an orientation aid.

This guide provides information on generally recognised minimum requirements and practised methods in corporate treasury.

Our guide is intended to help small and medium-sized companies and entrepreneurs in particular to better understand the rating and the associated processes and to provide answers to related questions.

These guidelines are intended to serve as a guide and toolbox when drawing up a financial guideline for the Group.

The topic of "rating" is of great importance for companies.

ESG in lending - how do banks view the topic?

Centralisation in international payment transactions - results of the survey