APRM has circulated fairly widely a discussion paper we prepared in June 2008 in respect to the structure and operation of the local government debt market. Councils throughout New Zealand...

Being New Zealand’s largest exporter there is naturally much interest in Fonterra’s foreign exchange hedging position and performance, particularly from their dairy farming...

In our last issue of “Treasury Broadsheet” in August 2008 we intimated that corporate borrowers in New Zealand would be attracted to issue bonds to retail investors as market interest rates fell and...

A sudden realisation appeared to hit the NZ financial world earlier this week as to what the US economic downturn means for us. Whiteware manufacturer Fisher & Paykel Appliances announced...

Around the globe, and here in New Zealand , corporate treasurers are currently being challenged with a set of circumstances and issues many have not encountered before...

APRM has circulated fairly widely a discussion paper we prepared in June 2008 in respect to the structure and operation of the local government debt market. Councils throughout New Zealand...

Being New Zealand’s largest exporter there is naturally much interest in Fonterra’s foreign exchange hedging position and performance, particularly from their dairy farming...

In our last issue of “Treasury Broadsheet” in August 2008 we intimated that corporate borrowers in New Zealand would be attracted to issue bonds to retail investors as market interest rates fell and...

A sudden realisation appeared to hit the NZ financial world earlier this week as to what the US economic downturn means for us. Whiteware manufacturer Fisher & Paykel Appliances announced...

Around the globe, and here in New Zealand , corporate treasurers are currently being challenged with a set of circumstances and issues many have not encountered before...

The Ministry of Economic Development and the Minister of Commerce, Hon Leanne Dalziel have set up an industry-led...

Investors, analysts and financial commentators are all somewhat gun-shy from believing the statement that the “worst is now behind us” with the global credit crunch and banking crisis. There have been two false starts to this milestone

A good number of corporate borrowers over the last eighteen months who have been forced (by interest rate hedging policies/limits) to fix rates for terms beyond 12 months have chosen to use swaptions and swaption collars as the method of fixing. The swaption strategies have paid off handsomely

The global credit crisis has been a classic “event risk” that has caught-out corporate borrowers who have been over-reliant on cheap and short-term bank committed funding facilities. The increase in bank lending margins for some is substantial, but this is not a market anomaly that will reverse any time soon. The anomaly was the very low corporate borrowing margins

The nose-dive in the NZ dollar value from above 0.8000 earlier this year against the USD to around 0.7000 has pulled down several of the cross-rates to other currencies to historical cyclical lows. The NZD/EUR at

In the investment management, banking and financial services game - reputation, name and credibility are everything, they say. A few reputations and brand values have taken some hits in recent times. The credit crunch, finance company collapses and economic downturn have caused all sorts of ramifications for those managing and advising on investment.

The Ministry of Economic Development and the Minister of Commerce, Hon Leanne Dalziel have set up an industry-led...

Investors, analysts and financial commentators are all somewhat gun-shy from believing the statement that the “worst is now behind us” with the global credit crunch and banking crisis. There have been two false starts to this milestone

A good number of corporate borrowers over the last eighteen months who have been forced (by interest rate hedging policies/limits) to fix rates for terms beyond 12 months have chosen to use swaptions and swaption collars as the method of fixing. The swaption strategies have paid off handsomely

The global credit crisis has been a classic “event risk” that has caught-out corporate borrowers who have been over-reliant on cheap and short-term bank committed funding facilities. The increase in bank lending margins for some is substantial, but this is not a market anomaly that will reverse any time soon. The anomaly was the very low corporate borrowing margins

The nose-dive in the NZ dollar value from above 0.8000 earlier this year against the USD to around 0.7000 has pulled down several of the cross-rates to other currencies to historical cyclical lows. The NZD/EUR at

In the investment management, banking and financial services game - reputation, name and credibility are everything, they say. A few reputations and brand values have taken some hits in recent times. The credit crunch, finance company collapses and economic downturn have caused all sorts of ramifications for those managing and advising on investment.

Corporate borrowers in New Zealand who have not operated a strict “funding risk control limits” regime as part of their treasury policy, that forced the...

Asia-Pacific Risk Management Limited has joined with the New Zealand Export Credit Office to establish and sponsor a regular quarterly survey of currency...

In announcing manufacturing plant closures in Dunedin , Queensland and California , Fisher & Paykel Appliances took the opportunity to fire a few...

A recent article from US treasury consultancy, Treasury Strategies...

Air New Zealand's treasury team won the INFINZ “Excellence in Treasury” prize for the second time in three years...

There has been virtually no new debt issuance by major New Zealand corporate borrowers to debt/capital...

Corporate borrowers in New Zealand who have not operated a strict “funding risk control limits” regime as part of their treasury policy, that forced the...

Asia-Pacific Risk Management Limited has joined with the New Zealand Export Credit Office to establish and sponsor a regular quarterly survey of currency...

In announcing manufacturing plant closures in Dunedin , Queensland and California , Fisher & Paykel Appliances took the opportunity to fire a few...

A recent article from US treasury consultancy, Treasury Strategies...

Air New Zealand's treasury team won the INFINZ “Excellence in Treasury” prize for the second time in three years...

There has been virtually no new debt issuance by major New Zealand corporate borrowers to debt/capital...

The Securities (Local Authority Exemption) Amendment Bill is in the select committee stage in the parliamentary process to pass it into law. Only five submissions have been made...

Since July 2007 the news headlines in the financial and business media have been dominated by the fall-out from the sub-prime mortgage fiasco in the US...

A timely reminder to all fixed interest investors here in New Zealand that credit ratings are not the sole criteria to determine what an allowable investment should be. Several Australian local...

A number of local corporate borrowers have been forced to learn about “funding risk” the hard way over the past six months. In its design and...

North Island provincial city and district councils have produced the lowest average debt funding costs over the last five years...

The Reserve bank is currently conducting a full review of their market liquidity management procedures and policies. Last year, in response to the...

Auckland-based treasury outsourcing firm, ETOS has developed and is marketing a new lower-cost treasury management computer system...

The Securities (Local Authority Exemption) Amendment Bill is in the select committee stage in the parliamentary process to pass it into law. Only five submissions have been made...

Since July 2007 the news headlines in the financial and business media have been dominated by the fall-out from the sub-prime mortgage fiasco in the US...

A timely reminder to all fixed interest investors here in New Zealand that credit ratings are not the sole criteria to determine what an allowable investment should be. Several Australian local...

A number of local corporate borrowers have been forced to learn about “funding risk” the hard way over the past six months. In its design and...

North Island provincial city and district councils have produced the lowest average debt funding costs over the last five years...

The Reserve bank is currently conducting a full review of their market liquidity management procedures and policies. Last year, in response to the...

Auckland-based treasury outsourcing firm, ETOS has developed and is marketing a new lower-cost treasury management computer system...

Healthy lobbying by ourselves and others has led to the Government announcing a welcome change to the law and regulations around Local

Exporter's foreign exchange hedging policies have been severely tested over the past six months as the NZD/USD exchange rate soars to 22...

Traditional corporate debt issuance continues at low levels in the NZ marketplace. However below the veneer view that corporate balance...

All is not well with inflation and monetary policy management in New Zealand . Both the Government and the RBNZ are scraping the bottom of the

Banks have dominated the issuance of new debt securities in the marketplace over the first half of 2007. In the investment grade and above category...

The rationale and justification for the RBNZ intervening directly in the FX markets, selling NZ dollars, has not been well understood and poorly...

Last week's “Economist” magazine produced a very timely reminder about the level of the NZ dollar over-valuation at 0.7600/0.7700 to the USD...

Healthy lobbying by ourselves and others has led to the Government announcing a welcome change to the law and regulations around Local

Exporter's foreign exchange hedging policies have been severely tested over the past six months as the NZD/USD exchange rate soars to 22...

Traditional corporate debt issuance continues at low levels in the NZ marketplace. However below the veneer view that corporate balance...

All is not well with inflation and monetary policy management in New Zealand . Both the Government and the RBNZ are scraping the bottom of the

Banks have dominated the issuance of new debt securities in the marketplace over the first half of 2007. In the investment grade and above category...

The rationale and justification for the RBNZ intervening directly in the FX markets, selling NZ dollars, has not been well understood and poorly...

Last week's “Economist” magazine produced a very timely reminder about the level of the NZ dollar over-valuation at 0.7600/0.7700 to the USD...

“Sustainability” and “Unsustainability” are becoming increasingly overused words in the economic and Government lexicon in New Zealand...

“Sustainability” and “Unsustainability” are becoming increasingly overused words in the economic and Government lexicon in New Zealand...

Moves are afoot in the Local Government Stock market to legislate a return to the pre-1998 position of allowing Local Government...

This year's PwC European Treasury Survey focused on what Treasurers meant by “value-added” treasury and investigated how this value...

The risks of not having a balance sheet translation foreign exchange hedging policy has come to haunt listed...

The smooth political transition from Don Brash (ex RBNZ Governor and respected economist) as leader of the National Party to John Key...

The number and size of new debt issues coming to the local debt/capital markets has tailed-off somewhat...

Local foreign exchange and interest rate risk managers who actively use collar option strategies to corral market price risk within pre-determined...

Moves are afoot in the Local Government Stock market to legislate a return to the pre-1998 position of allowing Local Government...

This year's PwC European Treasury Survey focused on what Treasurers meant by “value-added” treasury and investigated how this value...

The risks of not having a balance sheet translation foreign exchange hedging policy has come to haunt listed...

The smooth political transition from Don Brash (ex RBNZ Governor and respected economist) as leader of the National Party to John Key...

The number and size of new debt issues coming to the local debt/capital markets has tailed-off somewhat...

Local foreign exchange and interest rate risk managers who actively use collar option strategies to corral market price risk within pre-determined...