The Asset Treasury Review 2020

Thank you for your interest in participating in The Asset’s annual Treasury Review. The short questionnaire focuses on the corporate risks and finance issues that treasury functions face today. It should take less than 30 minutes to complete and will be customized based on your area of expertise.

All your information and responses will be kept strictly confidential and will only be used for the purpose of this research. Collected data will only be used on an aggregated basis for analysis purposes. Contact details are required in order to confirm the eligibility of the responses. Your contact information will not be shared with any third party.

We would like to thank you for your time and participation in advance. As a sign of appreciation, we are offering you free access to The Asset digital magazine after you complete the survey.

Sincerely,

Asset Benchmark Research

Respondent details

*required field

* Please answer the following questions

* Please select your company's location and industry from the dropdown lists below.

LocationIndustry
*

Group turnover (US$)

In the organization you work for, what are your major responsibilities? (choose all that apply, you will then need to answer the relevant section(s) from your area of expertise)

How is your treasury operation set up?

Are you currently based in mainland China?

Do you do business with mainland China?

What best describes your organization?

Cash and Liquidity Management

*required field

Please choose three factors when selecting providers of cash management services

In terms of service quality, please choose three factors that make a “great” transaction banking partner in your opinion/experience?

How many banks do you engage with for cash and liquidity management needs in Asia?

How satisfied are you with your bank(s)? (from a scale of 1- dissatisfied to 10- extremely satisfied)

Name of banksSatisfaction score
1
2
3
4
5
6
7
8
9
10

In the past 12 months, how has the number of primary cash management banks you engage with changed?

Please choose three treasury goals in terms of importance to you. (drag to the right hand column)

  • Ensure liquidity
  • Improve cash flow forecasting
  • Increase cash visibility
  • Increase control over cash
  • Increase straight-through-processing
  • Lower cash flow variability (by hedging market risks)
  • Optimize finance costs
  • Optimize yields on financial assets
  • Streamline compliance with regulations
  • Strengthen credit ratings

Have you already or do you plan to employ any of the following treasury/cash management tools?

YesNext six months NoDon't know
Domestic cash pool
Regional cash pool (physical)
Regional cash pool (notional)
Shared service centre
Regional treasury centre
In-house bank / Global treasury centre

Which of the following activities have you centralized or plan to centralize at a regional (APAC) or global level?

Where do you centralize or plan to centralize your APAC finance and treasury operations and for what reason?

because of:

What type of in-house bank structures do you have or plan to have?

Please choose three current/planned benefits of intercompany netting.

How would you classify your treasury centre, today and in three years’ time?

Cost centreProfit centreAdded value centre (strategic and advisory)
Today
In three years’ time

Are you using short-term corporate investment solutions?

Please specify the asset management company/bank that offers you short-term corporate investment solutions.

Funding

*required field

Please choose three factors in terms of importance when choosing a working capital and trade finance provider for your business.

In terms of service quality, please choose three factors that make a “great” transaction banking partner in your opinion/experience?

How many banks do you engage with in Asia for working capital and trade finance needs?

How satisfied are you with your bank(s)? (from a scale of 1- dissatisfied to 10- extremely satisfied)

Name of bankSatisfaction score
1
2
3
4
5
6
7
8
9
10

In the past 12 months, how has the number of working capital and trade finance providers you engage with changed?

In the next 12 months, will you increase your USD financing?

What are your reasons for increasing USD financing?

What are your reasons for decreasing USD financing?

In 2019, please choose three preferred sources of funding.

Digitization

*required field

Which IT tools/systems do you use to operate treasury activities?

Have you implemented an ERP or TMS across the group regionally or globally?

YesNext six monthsNoDon’t know
ERP system
TMS

Is your company currently using mobile banking services from your banking partners?

Which mobile banking service(s) is your company using now?

Which mobile banking service(s) is your company planning to use?

What are your company’s reasons for not using mobile banking for corporate treasury management?

Which function in your company would benefit the most from greater application of technology in your opinion?

What percentage of day-to-day processes in your company’s corporate finance function are currently fully digitized, i.e. not relying on any physical paper?

What digital capability would affect your decision when choosing a banking partner? (Please choose 3 only)

What type of emerging treasury technology are you interested in hearing more about?

What are your company’s reasons for not implementing digital treasury functions?

Are you currently working with financial technology (fintech) partner(s) for treasury management? (e.g. payment service providers, dynamic discounting platforms, etc.)

Please specify your fintech provider(s):

In which of the following treasury segments do you work with your fintech partner(s)?

What are your company’s reasons for not working with a fintech provider?

How do you protect your company against financial cybersecurity threats?

Treasury risk management

*required field

Please choose three financial risks that concern you the most.

What percentage of your foreign currency exposure do you hedge (internally or through external markets)?

Which products/strategies do you employ to hedge your FX risks?

What method do you use to hedge FX risks in external markets?

YesNext six monthsNoDon’t know
Phone-based broking
Bank-proprietary web-based systems
Multi-dealer electronic platforms

What prevents you from hedging your FX exposure?

In the past 12 months, have currency exchange movements negatively affected income in the reporting currency at your organization?

Supply chain management

*required field

Do you currently have a supply chain finance programme?

What type of supply chain finance programme have you implemented or plan to implement?

Please choose three benefits you have derived or you foresee to derive from your supply chain finance programme

What type of platform do you use or plan to use for your supply chain management programme?

Do you currently have a sustainable supply chain finance programme? (e.g. financial incentive based supplier finance)

What is the approximate size in USD of your sustainable supply chain finance programme?

How do you benchmark your sustainable supply chain finance programme? (e.g. United Nations Sustainable Development Goals)

Which bank are you partnering up with for your sustainable supply chain finance programme?

What are your reasons for implementing a sustainable supply chain finance programme?

China and RMB

*required field

Has your company (including any of its subsidiaries and treasury centres) been involved in the following offshore Renminbi (RMB) activities (i.e. outside of China) in the next six months?

Will increaseWill not change Will decreaseNot involvedDon’t know
RMB deposits held outside mainland China
Cross-border trade settlement in RMB
FX transactions in RMB booked outside mainland China
RMB loans held outside mainland China

Has there been a change in your attitude towards adopting the RMB in trade settlement?

With regards to cross-border RMB management, have you implemented a cross-border RMB cash pooling structure involving your China onshore entities?

Which method do you use or plan to use to concentrate RMB cross-border?

Does your company have a finance and treasury management department outside of mainland China?

Please choose main three tasks of your current offshore treasury operations.

In which location(s) have you currently set up your finance and treasury management department outside of mainland China?

Within the next two years, do you plan to expand your existing offshore finance and treasury management department?

Please choose the additional three main tasks of your planned expanded offshore treasury operations.

In which other additional location(s) are you considering to set up a finance and treasury management department outside of mainland China?

Please choose three main tasks of your planned offshore treasury operations.

In which location(s) do you plan to set up your finance and treasury management department outside of mainland China?

What would encourage you to set up your overseas finance and treasury department?

General Questions

*required field

Which credit rating agency do you prefer to work with?

Please explain why you prefer to work with the selected credit rating agency

How many staff does your company’s finance and treasury department employ?

In 2020, how will your department’s budget compare to 2019?

How does your team track tax and regulatory developments?

0%   1/10
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Thank you very much for your time and valued participation.


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