GTreasury Logo
Typing on computer

The GTreasury Blog

All Categories

  • Is Your Hedge Program at Risk Due to OECD’s BEPS Action Program?

    Cost-plus tax strategies are under fire. And in Australia they may be faced with extinction. What might that mean for your hedge program? The impact will depend on your current structure and hedge program. If you have a USD functional entity (e.g., Singapore) that “owns” the AUD revenues and pays the Australian entity a cost-plus […]

  • Notes on ASU 2016-03 & New FASB Guidance

    We have two updates to share from FASB this week – notes on Accounting Standards Update (ASU) 2016-03 and the highly anticipated new hedge accounting guidelines.

  • Euro-Denominated Debt as a Net Investment Hedge: Good Idea?

    With three-month EURIBOR negative, more and more U.S.-based companies are seriously considering Euro-denominated debt as a less expensive way to re-finance their U.S. dollar debt. It’s a strategy that seems to make sense; after all you’re “being paid” to borrow in Euros, and adding negative interest rates to your credit spread will provide lower borrowing […]

  • Notes on FASB’s Recent ASU 2016-01

    FASB has recently issued Accounting Standards Update 2016-01, “Financial Instruments – Overall (Subtopic 825-10).” The fortunate upshot for most Hedge Trackers clients: There are no 815 changes to worry about.

  • CapellaFX Software Spotlight: Accessing SSAE 16 Documentation

    Have you ever been asked to provide SSAE 16 reports or bridge letters about CapellaFX software? They’re easily accessible, right in the CapellaFX Support Desk customer service portal.

  • Getting You to the Top: Part V. Performance Reporting & Analytics

    This is the fifth in a series of posts designed to give a top-line overview of the steps to establishing and maintaining a balance sheet hedge program. Today, we’ll focus on ongoing performance reporting and analytics. You can see past entries at gtreasury.com/blog. Above all else, a balance sheet hedge program is about risk mitigation […]

  • Capella Software Spotlight: Printing and Saving a Group of Trade Tickets

    Have you ever needed to print or save a group of trade tickets for internal documentation purposes or auditors? With CapellaFX you can easily do that.

  • Restructured Swaps: What Can You Expect?

    In recent months, a trend has emerged: More and more companies are restructuring their pay-fixed receive-floating swaps by shifting the floating leg from the three-month LIBOR rate to the one-month LIBOR rate.

  • Getting You to the Top: Part IV. Forward Contracts

    This is the fourth in a series of posts designed to give an overview of the steps to establishing a balance sheet hedge program. Today, we’ll focus on forward contracts. Why are they the most popular and relevant tool for this exposure, and how can they be used most effectively? Traditionally, corporate FX hedge programs […]

  • Capella Software Spotlight: Resizing a Window

      Have you ever been in Capella and not been able to see the whole window? Is the window so big that the buttons at the bottom aren’t showing or perhaps you can’t see the top of your screen any longer? A quick way to fix that is to hold down the “control” button while pushing the […]

  • Novations Will No Longer Trigger Automatic Dedesignation

    This month, FASB ratified the Nov. 12 consensus on EITF 15-D, “Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The consensus, essentially, means that a change in the counterparty of a derivative instrument designed as a hedging instrument does not automatically require dedesignation and redesignation – eliminating a major headache for corporate hedgers.

  • Treasury Turnover: Who Should I Call?

    One of the biggest advantages of utilizing Hedge Trackers’ integrated hedge program consulting and software is the ability to efficiently address turnover and temporary absences in the Treasury or Accounting department. That can mean one of two things.

  • Capella Software Spotlight: Year-End Audit Details

    With year-end audits coming for most companies, auditors generally want to recalculate the entries for a sample of trades. With Capella it is easy to give them all the information that they need to perform the recalculations in one place. From the Period Close screen, select an entity and go to the “Close” tab. Then […]

  • Back-to-Back FX Hedging: Why To Do It, and What You Need

    When it comes to foreign currency risk management, back-to-back hedging sits near the deep end of the pool. It’s an advanced strategy, but – fortunately – one that’s not out of reach for most corporate Treasury departments. Here’s why. Typically, back-to-back hedging is a strategy to be employed when a company needs to:

  • Capella Software Spotlight: Audit/Access Reports

    Along with year-end comes audit questions. You can easily provide audit reports from Capella. These reports can tell you such things as what access each user has in the system and which trades were amended and when. To access the audit reports in Capella, go to the Security window from the main menu in Capella. […]