Services

The Treasury Hub

In June 2018, RBK collaborated with Treasury Solutions to announce a new service offering “The Treasury Hub”, combining the experience and expertise of both our firms and three other advisory firms nationwide.

Treasury Solutions has been operating for 18 years offering a premium quality treasury advisory service to the medium and large corporate market.

The new service will provide clients of RBK with access to the technical knowledge and financial market intelligence of Treasury Solutions to enable them to offer new products and services to their clients and to deal with the impact on interest rates, foreign exchange and the banking market in general that will inevitably emanate from Brexit, geo-political developments, etc.

The services to be provided via The Treasury Hub include:

  • Debt funding by banks 
  • Debt funding by non-banks 
  • Interest rate risk management 
  • Foreign exchange management 
  • Liquidity management 
  • Cash management 
  • Ad hoc treasury issues 

The provision of the range and quality of these services under The Treasury Hub effectively brings additional expertise to the existing service offering provided to the clients of RBK bringing them an enhanced treasury management solution.

For more on The Treasury Hub, visit: www.thetreasuryhub.ie.

Team Members

Chris Ball

Corporate Finance Partner

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Related Downloads

Treasury Hub Update - November 2020 1007.37 KB

Welcome to the second last edition of THE TREASURY HUB Banking and Treasury Markets Bulletin of 2020. While the year may be closing out, we still have the “minor” matters of Brexit and, for those in the hospitality and retail sectors, the Christmas run in. On the currency front, USD continues to hold in a EUR/USD1.1630 to EUR/USD1.1930 range. On the other hand, EUR/GBP has trended lower (strong GBP) since mid-September in the expectation that a hard Brexit will be avoided. This is expected to come to a head next week. From an investment perspective the DOW is now in positive territory for 2020 having fully recovered all of its March losses.Against a backdrop of a reluctance to borrow more to get out of this economic slowdown, the Enterprise Ireland (“EI”) Sustaining Enterprise Fund (“SEF”) has gained a lot of traction, primarily due to the inclusion of a grant element of up to €200k (or 50% of the total amount sought if this is less than €400k). One of the aspects of this process is that the relationship with your EI Development Advisor can be important. Similar to your banking relationship advisor, it may be beneficial to spend some time in 2021 with them in improving their knowledge of your business.Finally, section 5 in this month’s bulletin takes a look at Budget 2021 Considerations. Preparation of 2021 budgets should include some level of strategic business review for many companies.

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Treasury Hub Update - October 2020 1.28 MB

This is the October edition of THE TREASURY HUB Banking and Treasury Markets Bulletin. 2020 has been a unique year for our country and society as a whole, but it has also had significant repercussions for business, banking and financial markets to date.On the currency front, the USD settled down to a range of around EUR/USD1.175 having materially weakened over the course of the summer. From an investment perspective, while all three equity indices that we track (ISEQ, FTSE and DOW) are still down in the year, the DOW is close to recovering to where it was at the start of 2020. On the Brexit front, talks are set to continue after insufficient progress was made in negotiations, thereby passing the mid-November deadline. Both sides continue to insist that a deal is possible. It remains to be seen whether we are witnessing the move to a hard Brexit or political statements being made for political purposes ahead of some level of compromise. What is clear is that a material number of Irish food companies remain very exposed to a hard Brexit with likely severe consequences for their profitability should that scenario materialise.

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Treasury Hub Update - August 2020 884.07 KB

This is the Summer edition of THE TREASURY HUB Banking and Treasury Markets Bulletin.On the currency front, the biggest mover has been the USD which has weakened considerably over the Summer and broken out of a downward (i.e. strengthening dollar) range that existed for almost two years.From an investment perspective while all three equity indices that we track (ISEQ, FTSE and DOW) are down in the year, the DOW is close to recovering to where itwas at the start of the year. The NASDAQ has continued to power ahead to new highs with Apple now valued at $2 trillion.On the Brexit front, UK/EU talks have recommenced but no news to report as yet. October is the deadline for any deal as it would have to be approved by all EU governments individually.It is likely there could be increased corporate activity in the remainder of the year, some negative (examinerships) and some more positive (mergers/acquisitions). Brexit will have a bigger impactthan is currently forecast as it could provide opportunities as well as threats. Banking will also become more challenging in Q4 as the banks could struggle to deal with the sheer scale of the intervention required for companies and sectors that will findthemselves challenged. Where possible, businesses should continue to avail of the financial planning grants from Enterprise Ireland and LEOs.

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Treasury Hub Update - May 2020 966.89 KB

This is the May edition of THE TREASURY HUB Banking and Treasury Markets Bulletin. Despite the ongoing pandemic, there has been a bounce back in equity markets and a settling down of the interest rate markets following last month's volatility. EUR/GBP has also remained relatively stable for the month, however the decision on whether or not to extend the Brexit deadline date of 31 December 2020 will soon come into focus. FX volatility should therefore be accounted for in forecasts and budgets and it's management will increasingly be a key facet in the approval or otherwise of bank facilities and grant applications. So, as mentioned in last month's bulletin, poor currency management will likely cause a “triple whammy”: lower profits, higher interest costs and tighter loan terms and conditions. We continue to focus on banking in Section 5 of the bulletin.

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March edition of the Banking and Treasury Report 981.79 KB

The outbreak of the coronavirus continues to disrupt global supply chains and the financial markets. Unsurprisingly, the equity markets are bearing the brunt of the initial negative sentiment with the three equity indices that we track (ISEQ, FTSE and DOW) all in significant negative return territory. Bond prices are up again (as interest rates have fallen) with Irish 10-year rates now negative -0.15%, which is an all-time low. Oil prices have also fallen off a cliff. This is covered in more detail in Section 4.This month’s focus in Section 5 is a review of the Banking Market. While the banks appear to be taking a proactive and supportive approach to assisting businesses, the coronavirus is going to make credit availability tighter. We would encourage clients to act now and make contact with your bank to ensure you get the specific support you need as quickly as possible. The government has also announced a number of measures to help individuals and businesses, including an extra €200m funding through SBCI.Please get in touch with our Corporate Finance team if we can be of any assistance.

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THE TREASURY HUB UPDATE - FEBRUARY 2020 1.19 MB

We bring you the second Banking and Treasury Report of 2020 as part of THE TREASURY HUB. Brexit came back onto the agenda at the end of January as the UK officially entered into the transition period. The general election kicked into gear here in Ireland with a lot of spending promises being made, all of which appear to be predicated on an orderly exit deal for the UK…. an assumption which may yet prove to be flawed.From an investment perspective the year got off to a negative start with the three equity indices that we track (ISEQ, FTSE and DOW) all deteriorating in January and a lot of the blame being attributed to the outbreak of the coronavirus in China. EUR/GBP held around EUR/GBP0.8450, especially as the UK exited the EU but with the “hard line” opening negotiation position being taken by PM Johnson last week, we have seen GBP lose 1p against EUR in a single day and move back to EUR/GBP0.8500. We expect further GBP weakness in the weeks ahead. This month’s focus in Section 5 is on the area of Environment, Social and Governance (ESG).

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