Benelux benchmark study 2001

Benelux Corporate Treasury BenchmarkingSurvey 2001Benelux Corporate Treasury BenchmarkingSurvey 2001A Benelux Study supported by:The Dutch Association of Corporate Treasurers (DACT)The Federation of Coordination, Distribution, Service & Call Centers (Forum 187)The Belgian Association of Corporate Treasurers (ATEB)The Luxembourg Association of Corporate Treasurers (ATEL)1PricewaterhouseCoopers (www.pwcglobal.com), the world’s leading professional servicesorganisation, helps its clients build value, manage risk and improve their performance.As a leading treasury consulting firm, PricewaterhouseCoopers provides advisory services to majorglobal, national and local companies on how to enhance the effectiveness and contribution to thebusiness of their treasury operations.Copyright © 2001 PricewaterhouseCoopers. All rights reserved.The information in this report is the exclusive property of PricewaterhouseCoopersand may not be reproduced or distributed without prior consent.01/11/01.28.202 Benelux Corporate Treasury Benchmarking - Survey 2001ContentsForeword 5Executive Summary 7Introduction 131 Organisation & policy standards 15Overview 17Treasury organisation & responsibilities 19Risk Management approach 23Treasury policies 252 Activities & control standards 27Interest Rate Exposure Management 29Foreign Exchange Exposure Management 31Debt Management 35Investment Management 37Management Controls 39Operational Controls 413 Measurement & review ...