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Alexander Hamilton Awards

2022 Alexander Hamilton Awards: Best Practices in Restricted/Emerging Markets

Congratulations to the International Fund for Animal Welfare and Coupang!

By T&R Staff | June 10, 2022 at 07:42 PM
2022 Alexander Hamilton Awards!

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.”

Organizations’ development of innovative approaches to these types of emerging-market challenges drove the projects that won this year’s Alexander Hamilton Awards in the category Best Practices in Restricted/Emerging Markets. Both of our 2022 award winners overcame such restrictions, and resulting efficiency challenges, to build optimized and efficient treasury processes that comply with local restrictions on cash flows.

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