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Whitepaper: External Treasury – Navigating a Course Through Europe’s Rough Seas
Source: Bank of America Merrill Lynch
Uncertainty generated by the debt crisis in the eurozone has added to the challenges faced by treasurers. Making judgments about sovereign and counterparty risk is difficult, especially for companies not headquartered in the region. This paper explores the potential advantages of engaging external expertise to free up treasurers’ time to focus on core, value-added treasury tasks during such turbulent times. It analyses the broader benefits of contracting out treasury services in terms of increasing efficiency and lowering costs at a time when resources are limited. Additionally this paper assesses the capabilities of organisations that provide treasury services, and what treasurers must consider before taking this course.