Adam Smith Awards 2020: three winning clients!

Treasury Today’s Adam Smith Awards are globally recognized as the industry benchmark for best practice and exceptional solutions in treasury. This year, the panel of judges again selected the very best solutions that demonstrate exceptional best practice and innovation in the corporate treasury arena and awarded three Zanders client as category winners.

Kongsberg Automotive, Severn Trent and British American Tabacco have distinguished themselves with ground-breaking strong solutions to deal with their treasury challenges.

In this article on our website we proudly present you these award-winning clients.

Report: Webinar on behavioural deposit modelling

On Thursday 14 May, Zanders hosted a webinar on the impact of COVID-19 on behavioural deposit modelling in the banking industry. Around fifty ALM, risk and treasury officers from eighteen distinct banks in the Netherlands, Switzerland and Denmark attended the webinar, of which more than ten board members and (line) managers.

Around 80% of the poll respondents experience the impact of the COVID-19 virus on deposit behaviour, with the impact depending on banks’ customer base. For more than half of the respondents this is a trigger to re-assess their current behavioural models and focus on the evaluation of underlying key assumptions and scenario analysis development. Because failure to apply proper behavioural modelling assumptions could result in misreporting of Interest Rate Risk in the Banking Book (IRRBB), inaccurate hedges and increased liquidity risk, Zanders presented a number of focus points for ALM and Risk managers regarding deposit modelling in crisis times.

The main results of the webinar are included in a white paper, which you can read here

Were you unable to attend the next edition of this webinar? Or would you like to have a second look at the content? Please view: - the recording of the webinar here » - the slide deck here »

Read more on non-maturing deposit modelling.

For questions, please contact Martijn Wycisk, René Andersen or Geert Jan den Hertog for more information on the impact of COVID-19 on (behavioural) deposit modelling.

A whitepaper on IBOR transition effects for the insurance industry

The start of the IBOR era is near and IBOR transitions are a big challenge for both the regulators and the insurance industry. Survey results revealed that most of the insurance firms already have a formal transition plan in place. However, these often lack details, unified planning, and strategizing investment priorities. Nevertheless, we need to anticipate for the transition before the end of 2021.

Some of the most significant factors influencing the IBOR transition within the insurance sector are diverting regulatory guidance, long-term liabilities, asset valuation and other dynamic risk factors. In a clear white paper we summarize the top issues that need to be addressed.

This article offers you an impression of the white paper topics and explains how to obtain it.

Upcoming events

In response to the measurements taken by the (national) governments worldwide, to prevent the spread of COVID-19, we will closely monitor the situation and decide to cancel or postpone events if needed.


We regularly organize webinars on several topics, such as Cash Flow Forecasting, Expected Credit Loss and Treasury Technology.

Save the date for a Zanders’ SAP Summer College – a deep dive into optimization of treasury processes:

16 July | Cash management and cash flow forecasting optimization using SAP 30 July | Payment factory optimization using SAP 13 August | Treasury process optimization using SAP

Check our GoToStage website to see recorded webinars - interesting!

TREASURY 360° | 27 August | Oslo

TREASURY 360° is one of the largest finance and treasury conference in Oslo. The conference takes the audience for an overview across diverse areas, form the hot field of green investments to inside the minds of CEOs. You will be leaving with the experience of a deep dive into core and future treasury topics through a number of streams. More information on these Nordic conferences here.

TEXPO® | 2-4 September (a.o.)| San Antonio, USA TEXPO® is a Financial Management conference sponsored by The Alliance of Texas Treasury Associations (ATTA), This conference draws attendees from across the country and is widely recognized as one of the leading financial management conferences in the nation. This year’s TEXPO’s theme is ‘New Traditions in Finance’. Meet us at our booth! More information here.


Zanders Magazine is a quarterly publication by Zanders

Texts: Niels Christern, Philip Costa-Hibberd, Anil Khurmi, Davide Mastromarco, Michiel Putman-Cramer, Louise Sanders, Pierre Wernert, Martijn Wycisk. Text revision: Ben Poole. Editor-in-chief: Niels Christern. Translations: Jonckers a.o. Fotography: Ann-Sophie Falter, Shutterstock, Sulzer a.o. Editorial team: Aafke Bouma, Niels Christern, Stephan Jager, Mark van Maaren, Hendrik Pons, Pauline Rademakers, Yvette Sloof, Sander van Tol, John Trechsel and Sander de Vries.

Editorial address: Brinklaan 134, 1404GV Bussum, The Netherlands. Telephone: +31 35 692 89 89. Website: