International Treasury Services

Celebrating my 13th year on Facebook. Thank you for your continuing support. 🙏🤗🎉

We are back in business! After the long break due to the COVID, we are pleased to announced at ALL trainers are now vaccinated.

In 1999 when we formed the company, I started with the premise to have all staff based AT HOME. They would come together for client meetings and essential team working events, but otherwise stay at home using Skype to connect.
There were issues with leadership and management to adjust but so long as you gave a delivery date of what was required and the appropriate standard, it worked out well.
As an international business, we also expected staff to interact outside of local work hours so they managed their time to take other leave to compensate.
This current COVID19 crises has not changed our work pattern, except in delivery of services to clients.
Management of other firms need to consider:
1. What benefits are derived from staff being together?
2. How do I change my management style to cope with staff not being in a central area?
3. Do customers expect to drop in or can we meet there or by conferencing

Malaysia issued JPY 200 billion 10 year Samurai bond on 09 Mar 2019 with a coupon rate of 0.63% to 2029. MYR 7.30 billion was FX Spot conversion so the rate was around 27.20 which is the spot market rate.
Translation Risk is were a borrower issued debt outside the currency of its balance sheet. Current spot rate for Mark to Market is currently 24.93 (26.55 on Dec 30th 2019) so Malaysia will have to repay MYR 8.021 billion at redemption against MYR 7.30 borrowed

In 2019, we delivered some programs and I hope the delegates took some notes on:
- Stop Loses and the effects of 'Behavioral Finance'
- Rising Volatility in Equity Markets
- Hedging techniques (especially in the Equity markets)
- Using ETF and Mutual Funds
- 'Limit Down' and 'Circuit Breakers'
...
If you were a delegate, post me to remind me if I missed anything!
You can message me when things go back to normal!

Malaysia issued JPY 200 billion 10 year Samurai bond on 09 Mar 2019 with a coupon rate of 0.63% to 2029. MYR 7.3 billion was FX Spot conversion so the rate was around 27.20 which is the spot market rate.
Translation Risk is were a borrower issued debt outside the currency of its balance sheet. Current spot rate for Mark to Market is currently 26.55 so Malaysia will have to repay more than MYR 7.532 billion at redemption

IFRS® Standards - commencing 1 January 2020

The Malaysian Prime Minister is in favour of moving the Ringitt to a gold standard.
The annual volatility of Gold is about 10% (See http://www.cboe.com/products/vix-index-volatility/volatility-on-etfs/cboe-gold-etf-volatility-index-gvz)
The average for MYR is about 4% (See https://vlab.stern.nyu.edu/analysis/VOL.MYR:FOREX-R.GARCH).
The order for this for work, importers and exporters will need to agree to receiving Gold in settlements (ask your bank!) and the Central Bank would have to sell US Treasuries to hold Gold.
I liked the idea of having a fixed exchange rate after the Asian Finincial Crisis but what do you think of the latest idea?

Malaysia issued JPY 200 billion 10 year Samurai bond on 09 Mar 2019 with a coupon rate of 0.63% to 2029. MYR 7.3 billion was FX Spot conversion so the rate was around 27.20 which is the spot market rate.
Translation Risk is were a borrower issued debt outside the currency of its balance sheet so let's hope Malaysia has covered the Foreign Exchange exposure for if the Ringgit gets weaker again the Yen, Malaysia will have to repay more than MYR 7.3 billion at redemption

http://www.bloomberg.com/news/articles/2016-01-04/chinese-stocks-in-hong-kong-extend-annual-slump-as-yuan-declines

China Halts Stock Trading After 7% Rout Triggers Circuit Breaker China halted trading in stocks, futures and options after a selloff triggered circuit breakers designed to limit swings in one of the world’s most volatile equity markets.

Watch for clients who borrowed outside their home balance sheet such as USD borrowings with MYR, SGD, AUD home balance sheet... we warned you earlier last year. It called TRANSLATION risk

But before you panic, the index is up 32.86% since 1 January.....