This session will examine the key issues treasurers should consider over the next 18 months. The speaker will address the effects of Rising Interest Rates and Cost Inflation with a look at what the latest corporate-level forecasts are telling us. By joining this session, you will learn why rating headroom is forecasted to improve markedly in 2023-2024 for most sectors and what else treasury teams should consider in 2023 and beyond.

Speaker: Elena Stock, Head of Consumer & Healthcare – Fitch Ratings

Language: English

Due to the latest Transfer Pricing Decree published by the OECD, a major shift occurred in the pricing methodology of intercompany financial transactions such as intercompany loans, financial guarantees, cash pools and in-house bank transactions. Considering that the scrutiny from different international Tax Authorities on financial transactions is greatly increasing, Treasury and tax professionals are strongly encouraged to revisit their current pricing methodology to ensure transfer pricing compliance.

But how can one comply with the latest transfer pricing regulation whilst also automating and standardizing the process? Many companies are struggling how to automate the end-to-end process of initiating I/C loans, determining the interest at arms length, recording the I/C loans in the TMS and storing the transfer pricing documentation.

With over 50 I/C loans per year, it was a huge amount of work for Royal Philips to determine the interest conditions on I/C loans in a way that it is compliant with the OECD Transfer Pricing Guidelines. Paul Rekmans, Head of Treasury, will explain how Royal Philips was looking for a fully integrated solution in order to determine and record interest conditions of an I/C loan into SAP (TMS) in a fully automated way. Therefore, Royal Philips and Zanders decided to leverage Zanders’ financial transactions transfer pricing cloud-based solution and enable SAP users to determine the arm’s length interest rate with just a few clicks. Moreover, the full documentation detailing out the arms length pricing setting is generated automatically. Royal Philips has generated already over 5000 pages of high quality I/C loan pricing documentation.

Speakers: Joris van Mierlo, Corporate Finance Manager – Royal Philips & Inigo Arechabaleta, TPS Expert – Zanders
Language: English

The law of the large numbers is the basis for ‘Insurance’. But how does the Global Insurance Market work? What is the role of Reinsurance Companies and their reinsurers, the so-called retro-market ? Are Global Insurance Companies making a profit or a loss ? How much capacity is available on a global level ? What is the impact of climate change on the results of Global Insurance Companies ? Can you also make use of insurance capacity in China, Japan or Bazil ? Is Lloyd’s of London still playing a dominant role ?

Since many treasurers have nowadays also a responsibility for insurances, it might be interesting to learn more about the aforementioned questions. During an interactive workshop we will give you an holistic insight in the world of insurance.

Speakers: Focko Dorhout Mees, Chairman Global Placement Continental Europe – Marsh & Elaine Casaprima, Managing Director Continental Europe – Bowring Marsh

Language: English