Operating in markets where government regulations restrict currency conversion, cross-border funds transfers, or other aspects of corporate liquidity management can prove challenging for corporate treasury.
As the nonprofit International Fund for Animal Welfare (IFAW) has discovered, "there are disparities in payment standards, settlement systems, and compliance requirements across regions," says group treasurer John Kluza. "Even in developed countries, there can be a lot of nuances and different data elements required. Then, in the emerging markets, we run into a lot of regulatory issues around transaction codes and central bank reporting, which make payment transaction support rather complex for our three-person global treasury team."
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