LatAm banking, Argentina, Venezuela and more at upcoming LATMPG
The NeuGroup's Latin American Treasury Managers’ Peer Group is gearing up for a day and a half of lively discussion this month at its Winter Meeting in Miami, hosted by PepsiCo International, and sponsored by HSBC.
A recap of 2012 treasury accomplishments and 2013 challenges from each member will introduce the meeting, which will then proceed to cover topics ranging from the finer points of Latin American banking structures to the ever-changing business environments in Venezuela and Argentina.
Our sponsor, HSBC, will outline the 2013 economic outlook for Latin America and give an update on their own strategies, capabilities and service offerings in the region, including structured solutions to support or replace intercompany loans, alternative funding and ways to enhance yields on liquidity.
We will also have an update on members’ supply chain finance initiatives and related technology in a session anchored by a member’s update on initiatives in two areas. The first will focus on using customers’ supply chain finance structures in Brazil to reduce collection times, and the second will focus on integrating an in-house tool with HSBC and SWIFT utilities. There will be further discussion on using SWIFT in LatAm and how to make the best progress with it given limited payment and cash management capabilities in some areas.
The continuing deterioration of the business environments in Venezuela and Argentina, especially the increasingly capricious FX regulations and risk of currency devaluation, will be the subject of another session, and in a members-only discussion, the LATMPG will debate LatAm banking structures and relationships, such as the roles of global, regional and local banks in the region, and the consequences of foreign banks withdrawing. The final session will be an Open Forum for topics not covered more extensively in the meeting agenda.
For more information about the LATMPG, please contact afriberg[at]neugroup.com.