AFP Conference Daily News

Conference Daily News
Tweeting from conference? Use #afp2010
AFP Annual Conference
Sunday Highlights
8:00 a.m. – 7:00 p.m.
Registration @ Convention Center
8:00 a.m. – 7:00 p.m.
Executive Institute Lounge
Sponsored by PNC
8:00 a.m. – 7:00 p.m.
Team Lounge
8:00 a.m. – 8:30 a.m.
AFP Annual Meeting
8:30 a.m. – 1:00 p.m.
AFPAware Community Service Project
Sponsored by BBVA Compass
8:30 a.m. – 3:00 p.m.
Cash Management Fundamentals
Seminar - Day 2 of 2
8:30 a.m. – 3:00 p.m.
Pre-Conference Workshops
8:30 a.m. – 3:00 p.m.
CTP® Exam Review Course – Day 2 of 3
11:30 a.m. – 12:00 p.m.
AFP of Canada Annual Meeting
1:00 p.m. – 2:00 p.m.
Payments Roundtable
(Invitation Only)
Sponsored by Wells Fargo
1:00 p.m. – 2:30 p.m.
Women In Finance Workshop
(Invitation Only)
2:00 p.m. – 3:00 p.m.
AFP Payments Reception
Sponsored by Citi
3:30 p.m. – 5:00 p.m.
Opening General Session
Condoleezza Rice
5:15 p.m. – 7:30 p.m.
Exhibit Hall - Grand Opening
5:30 p.m. – 7:00 p.m.
AFP of Canada Chairman’s Reception
Sponsored by BMO Capital Markets
and Scotiabank
Refer to your program book for locations.
AFP Welcome Reception
Please join us as we kick off the
31st Annual AFP Annual Conference
at the AT&T Center – home of the
San Antonio Spurs. Enjoy lots of “game
highlights” including shooting contests
and the VIP locker room as well as a
chance to get a photo with the four
championship trophies. Connect with
your colleagues for a night of live
entertainment and great food.
Sunday Night Welcome Reception
AT&T Center
7:30 p.m. – 10:00 p.m.
Sunday, November 7, 2010
Payments to Developing Countries:
How to Simplify the Complexities
Diane S. Reyes, Global Payments Head, Global Transaction Services, Citi
s technology and economic realities shrink our world, payment
flows to developing nations are
growing. Making payments to beneficiaries in these countries however can be
fraught with complexity.
Many nations lack the infrastructure
and technology required to process funds
efficiently. Many also have “exotic” currencies that do not trade freely in global
markets. Others are gripped with political
uncertainty, economic weakness, or the
ravages of natural disasters.
Nevertheless, these countries play an
increasingly significant role in the global
economy, forcing companies to overcome
the challenges of making cross-border
payments to them.
Diane S. Reyes, Global Payments Head
for Citi’s Global Transaction Services
businesses provides insight on how to
simplify the complexities of making payments in these countries. Citi, one of the
most experienced payments processors in
the world, executes more than one trillion
dollars worth of cross-border payments
in 135 currencies and 190 countries. It
has an on-the-ground presence in most
developing nations and supports primary,
secondary and tertiary currencies.
Q: What’s driving the growth in payments to developing countries?
Developed and developing nations are
more interconnected than ever before. We
see an ever-growing number of companies,
government agencies, non-governmental
organizations, educational institutions and
individuals alike maintaining interests and
obligations in emerging economies, large
and small, around the world.
Even during the recent economic
downturn, international trade with and
outsourced services to suppliers in developing countries has continued to fuel the
growth engines of many multinationals.
Global mobility and migration also is
on the rise. The migrant labor force, for
example, has never been larger or more
important to so many national economies.
As a result, immigrant workers are sending
money back home at volumes expected to
reach nearly half a trillion by 2013.
Another emerging trend is the increase
in retirees, particularly from North
America and Western Europe, who are
moving to exotic but remote locations,
a phenomenon that is forcing employers
and national pension plans to find efficient, reliable ways to deliver pension and
benefit payments to these areas.
Developing nations in Africa, Asia,
Eastern Europe and Latin America,
among others, are important destinations
for humanitarian aid and fieldwork by
non-governmental organizations and university researchers. These entities must both
pay employees and fund their various efforts
on-the-ground despite market challenges.
Overall, we expect these types of activities to continue and to evolve, steadily
expanding the flow of payments to emerging economies in the coming years – and
the need for companies to streamline and
improve their cross-border capabilities.
Q: What are the key considerations
for organizations sending payments to
countries with emerging economies and
evolving financial infrastructures?
A number of factors impact payment
delivery and processing, from countryspecific infrastructure and regulatory
continued on page 2
Opening Session:
Condoleezza Rice to
Speak at Opening Session
ormer Secretary of State Condoleezza Rice
will open the AFP Annual Conference this
year as the keynote speaker, today from
3:30 p.m. to 5:00 p.m. Rice is expected to provide
insight on global risk, as well as the current political and economic climate, sharing stories of her
experiences working with world leaders.
Rice is most recognized for her roles as Secretary
of State from 2005 to 2009 and National Security
Advisor from 2001 to 2005. During her tenure in
the George W. Bush administration, she advocated
heavily for democratic reform in the Middle East.
Earlier roles included serving as a professor, and later, provost at Stanford University,
where she successfully eliminated a $20 million deficit. She also served in the George H.W.
Bush Administration as Director of Soviet and East European Affairs for the National
Security Council, as well as Special Assistant to the President for National Security Affairs.
Rice returned to Stanford and the Hoover Institution last year as a professor of political science and senior fellow on public policy. She also serves as a member of the board
of trustees of the John F. Kennedy Center for the Performing Arts, and is a fellow of the
American Academy of Arts and Sciences.
AFP Conference Daily News
AFP Annual Conference
Payments to Developing Countries: How to Simplify the Complexities
continued from page 1
issues to transaction-related costs and risk
management to banking relationships and
account structures.
While emerging nations, for the most
part, are expanding and improving their
financial infrastructures, payment-processing capabilities vary greatly from country
to country. Among these developing systems inefficient or non-existent infrastructures include manual processes that can
slow payments dramatically. Plus, complex
rules and regulations often govern foreign
exchange and cross-border payment activities in those countries whose currencies do
not trade freely.
Costs also are a key consideration,
everything from FX-related costs to bank
fees to internal administrative expenses.
Many payment processors, for example,
charge excessive transaction fees or noncompetitive FX spreads.
Companies must establish efficient
account structures. Opening accounts,
unnecessarily, in every country they want
to deliver payments drives up overhead and
inefficiencies. Using multiple FX providers,
multiple local bank partners and a fragmented delivery process not only increases
the complexity of managing cross-border
payments but also reduces visibility into
and control over those payments.
Then, of course, added risk management
requirements come into play, covering FX
and compliance risk but also risks associated
with returned items, for example.
Last but not least, companies need to
take into account their beneficiaries. Reliable and timely payments, at full value,
foster healthy relationships with suppliers,
customers and employees—something
that can be difficult to measure in terms
of the bottom line.
Q: How can companies overcome these
The easiest way to overcome cross-border payment challenges is to choose your
banking partner wisely.
Find a partner that understands your
cross-border payment challenges and
also has the global infrastructure and
network to meet them. A bank’s global
footprint and experience become particularly relevant when it comes to clearing
requirements and capabilities. Direct
participation in local markets and an
understanding of the complex rules,
regulations and requirements that govern
payments in those markets minimize both
the time it takes to execute payments and
downstream service issues.
In essence, you need a partner that
can navigate local and regional payments
systems to minimize delays and errors and
that you can trust to quickly and efficiently resolve unexpected situations.
A bank with the requisite global operating scale also can cut your operating
costs and simplify payment processes by
offering advantages such as competitive
exchange rates for tertiary currencies,
single account funding for multiple
currency transactions, and automated
reconciliations of those transactions.
To aid payment and cash management, your bank also should provide the
technology-based tools to both initiate
and track payments as they move through
the delivery chain.
Q: What kinds of tools and products
are available to simplify making payments to developing countries and
remote locations?
At Citi, we offer clients a single on-line
platform, WorldLink® Payment Services,
that in essence puts Citi’s global payment
capabilities on users’ desktops. With
WorldLink they can make payments in
more than 135 currencies using a single
system and single log-on. WorldLink
automates everything from making payments to getting exchange rate quotes to
tracking and reconciling payment transactions. Plus, it’s single-account based,
eliminating the need to hold dozens, or
hundreds, of bank accounts around the
world in different currencies.
WorldLink can be accessed via the Internet or integrated into popular ERP and
A/P systems. Plus, it can be used to make
virtually any type of payment: wire, ACH,
check, cash, even prepaid card payments.
WorldLink can even be used to send
recurring or urgent cash payments to unbanked beneficiaries in remote locations.
With this service, neither the sender nor
the beneficiary needs to hold an account
in the destination country, and funds
typically can be picked up the same day
at more than 300,000 of Citi’s or its partners’ offices in 190 countries.
While WorldLink is the engine behind
Citi’s cross-border payment capabilities, we also offer a number of solutions
that meet specific business needs. For
example, our remittance solutions provide
a safe and convenient way for a company’s
immigrant and expatriate employees to
send money home. Citi helps handle
regulatory compliance and risk management requirements in both the sending
and receiving countries.
Bottomline, the ultimate challenge in
conducting and managing cross-border
payments to developing countries is
identifying a banking partner that understands, anticipates and meets the specific needs of your business. And whose
experience and solutions allow you to
nimbly adjust to unexpected occurrences
in these countries, as well as changes in
your business needs.
Conference Daily News
AFP Annual Conference
Andrew Deichler
Ira Apfel
Managing Director, Communications
Elizabeth Johns
Media Specialist
David Johnson
Publications Specialist
Amy Cooley
Cenveo Inc., San Antonio, TX
© 2010 by the Association for
Financial Professionals. All rights
reserved. For further information
on any material presented, please
Association for
Financial Professionals
Attn: Communications
4520 East-West Highway
Suite 750
Bethesda, MD 20814
[email protected]
Tricks of the Trade Show Day 1
A guide to navigating your way through the AFP Annual Conference
he AFP Annual Conference in San Antonio is an excellent
opportunity for you to make contacts, and learn about
changing practices, where to invest capital, and how to mitigate
risk. You’ll have access to more than 5,000 treasury and finance
professionals and 135 sessions. But it can also be a little overwhelming if it’s your first time out on the floor.
Here are some helpful tips on how to manage your time
most effectively as your make your way through the conference:
• Plot a course. Pick up a map of the conference or
stop by the AFP Information Center, Booth 817
and check out the enlarged version. Then decide
which booths best suit your interests.
• Maximize your time by dividing up responsibilities. Traveling
with colleagues? Save time and
effort by splitting up who visits
which booth.
Page 2
• Take advantage of conference traffic. When you notice
that traffic is light - that’s the best time to visit the exhibitors at the top of your list.
• Know your objectives before you even set foot on the
floor. Determine what you want to accomplish/learn and
that will help you decide which booths to visit and how
much time you need to spend at each one.
AFP Annual Conference
AFP Conference Daily News
CPS: Accelerating Advances to the Global Payment System
The Corporate Payments Strategy provides new insights on transitioning from paper to electronic
or years, corporate practitioners
followed someone else’s lead. Now,
corporates plan to provide focused
leadership to the payments industry.
AFP’s Payments Advisory Group, a
gathering of corporate practitioners and
other select industry representatives who
provide leadership on payments issues, will
debut the Corporate Payments Strategy this
afternoon at the AFP Annual Conference.
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The Corporate Payments Strategy provides direction and insights to payments
industry participants on key issues for
corporates, with the goal of improving the
global payments system.
The CPS includes analysis, recommendations and links to other resources that
provide additional explanation and best
practices descriptions. The plan gives corporates a view into the AFP knowledge base,
while helping banks and other payments
industry professionals focus on initiatives
that appeal to corporate needs and spotlight
potential new service opportunities.
“The goal of the CPS is to create a
mechanism for corporate practitioners
to specify their “business requirements”
to bankers and other payments industry
participants to accelerate positive change,”
said David Bellinger, CTP, AFP Director
of Payments.
“We want to do our part to provide
banks and others with the guidance they
need to develop services that better meet
our needs. The CPS is an efficient way
for us to get the word out,” added Sharon
Petrey, Chairman of AFP’s Payments
Advisory Group.
The CPS consists of five major elements. The first, removing obstacles that
prevent straight-through processing (STP),
should be no surprise. However, the CPS
goes further in defining corporate support
for new services, including cross-border
enhancements, and desired changes to industry practices that take up time or strain a
company’s available IT resources.
Corporates are also encouraging the
development of capabilities that maximize
control over payments. Controls over
spending on cards, fraud, bank accounts
and associated treasury services need to
be improved. Additionally, corporates are
keenly interested in an automated service
that can electronically verify ownership of
a payee’s account.
The third element of the CPS promotes
availability of transitional services while
we migrate from a traditional mix to all-
electronic payments. Although there are
clear advantages for everyone in moving
to an all-electronic payments processing
environment, until paper payments are
eliminated, the industry needs to support
services that are efficient and timely, as
well as minimize risk.
Corporates also feel it is important to
support development of effective global
rules, standards and practices that promote payment system efficiency, stability,
reliability and security. Corporates are
interested in finding more time-efficient
ways for them to support development of
rules and standards that improve treasury
and payment operations. The current reg-
AFP Book Store
2010 AFP Annual Conference Book Signing Schedule
Stop by the AFP Book Store, located in the AFP Information Center
(Booth 817) to browse best-selling publications available for purchase
from our roster of featured speakers at this year’s Annual Conference.
Meet the authors at special book signings during show hours.
Daniel Pink
3:00 p.m. – 3:30 p.m.
Drive: The Surprising Truth
about what Motivates Us
AFP Information Center Booth 817
AFP is Your Daily Resource – at Conference, too!
The AFP Information Center is located in Booth 817 and is open during
regular Exhibit Hall hours. When you’re exploring more than 200 product
and service vendors on the show floor, make sure to stop by the AFP
Information Center. While you’re there, learn about AFP’s latest membership
benefits and the CTP® Certification and meet the AFP Staff.
Renew Your
AFP Membership
Renew your AFP
membership for
2011 and receive a
complimentary copy
of Condoleezza Rice’s
Ordinary People.
Note: All book signings will be held in booth 817 at the times listed below.
Monday, November 8
Peter Weddle
10:00 a.m. – 10:30 a.m.
Work Strong: Your Personal
Career Fitness System
ulations can make it difficult for them to
make significant contributions. Increasing
corporate involvement should expedite
and improve the process of creating and
revising the rules for everyone.
The final element of the CPS is to
encourage processes and services that
minimize any negative impact on
corporates for complying with U.S. and
global laws, regulations, rules and local
customs. For example, Holder in Due
Course situations are particularly burdensome given the rapid rise in fraud.
Since changing the law is unrealistic,
finding ways to deal with this type of
fraud is important to corporates.
Tuesday, November 9
Michelle Bernard
9:45 a.m. – 10:15 a.m.
Women’s Progress: How Women
are Wealthier, Healthier, and more
Independent than Ever Before
(Limited supply of autographed copies
will be distributed at random.)
Erika Hayes James
12:00 p.m. – 12:30 p.m.
Leading Under Pressure:
From Surviving to Thriving,
Before, During and After a Crisis
Renew and pick up
your book at the
the AFP Bookstore,
located in the AFP Information Center,
Booth 817.
Malcolm Gladwell
4:50 p.m. – 5:20 p.m.
Blink: The Power of Thinking
Without Thinking
Page 3
AFP Conference Daily News
AFP Annual Conference
Regional Associations
AFP Shuttle Service to the
Henry B. Gonzalez Convention Center
Regional finance and treasury management associations will be featured in Booth 1210.
Take advantage of this opportunity to meet with members from your area and get
involved at the local level.
Shuttle service is provided between the Henry B. Gonzalez Convention Center
(HBGCC) and the hotels listed below. Please refer to the sign in your hotel lobby
for additional information and changes. For questions regarding the shuttle or to
make an advance reservation for a wheelchair accessible shuttle, please see a shuttle
supervisor at the HBGCC or call KUSHNER & ASSOCIATES at 210-582-7003
during hours of shuttle operation.
Date / Time
Shuttle Schedule
Peak frequency of service is every 10-15 minutes
Non peak frequency of service is every 15-20 minutes
Sunday, November 7
Shuttle between hotels and the HBGCC
1:30 p.m. - 8:30 p.m.*
AFP’s Slam Dunk Welcome Reception at the AT&T Center
Shuttles depart from the HBGCC based on the hours below. No service provided
directly from the hotels to the AT&T Center. Return service is provided to the
Route #1 hotels and the HBGCC.
Shuttle from the HBGCC and the AT&T Center
7:15 p.m.- 8:15 p.m.*
Shuttle from the AT&T Center to the hotels and the HBGCC 8:15 p.m. - 10:30 p.m.**
Monday, November 8
Shuttle from hotels and the HBGCC
Shuttle between hotels and the HBGCC
Shuttle from the HBGCC to hotels
Tuesday, November 9
Shuttle from hotels and the HBGCC
Shuttle between hotels and the HBGCC
Shuttle from the HBGCC to hotels
Tuesday Evening with Darrell Hammond
Shuttle from the hotels to the HBGCC
Shuttle from the HBGCC to the hotels
Non peak Peak
6:30 a.m. - 10:30 a.m.
10:30 a.m. - 1:30 p.m.
1:30 p.m. - 5:30 p.m.*
Non peak Peak
7:00 a.m. - 11:00 a.m.
11:00 a.m. - 2:30 p.m.
2:30 p.m. - 6:00 p.m.*
7:30 p.m. - 8:10 p.m.
9:30 p.m. - 10:00 p.m.*
1. Wyndham St. Anthony Curbside on Navarro Street
2. Sheraton Gunter San Antonio
Hotel Valencia Riverwalk
Curbside on St. Mary’s Street
At Sheraton Gunter San Antonio
3. Courtyard San Antonio
Omni La Mansion del Rio
Curbside on St. Mary’s Street
At Courtyard San Antonio
4. Drury Plaza Riverwalk
Drury Inn & Suites Riverwalk
Watermark Hotel & Spa
Curbside on St. Mary’s Street
At Drury Plaza Riverwalk
At Drury Plaza Riverwalk
Walk Hotels Drop Off Location
Grand Hyatt San Antonio
Hilton Palacio del Rio
Homewood Suites Riverwalk
Hotel Contessa
Hyatt Regency San Antonio
La Quinta Inn Conv. Ctr. At HBGCC
Marriott Rivercenter
Marriott Riverwalk
Westin Riverwalk
Dallas AFP
TMA of Chicago
Monday, November 8
8:30 a.m. - 10:00 a.m.
10:00 a.m. - 11:30 a.m.
1:00 p.m. - 2:00 p.m.
2:00 p.m. - 3:00 p.m.
3:00 p.m. - 4:30 p.m.
San Francisco TMA
Tampa Bay AFP
Greater Washington AFP
Nebraska AFP & Southern California AFP
Rocky Mountain AFP & TMA of New England
Tuesday, November 9
8:30 a.m. - 9:30 a.m.
9:30 a.m. - 10:30 a.m.
10:30 a.m. - 12:00 p.m.
2:00 p.m. - 3:00 p.m.
4:00 p.m. - 5:30 p.m.
Northeastern Ohio TMA
Minnesota TMA
Central Ohio AFP
San Diego TMA
San Antonio TMA & Central Connecticut AFP
Good Neighbors
AFP Conference attendees will assist the
Neighborhood Place as part of AFPAware
Sponsored by BBVA Compass
ttendees of the Association for Financial Professionals’ 2010 Annual
Conference in San Antonio will have the opportunity to do more than
participate in the most important event in treasury and finance. They
also will have the chance to assist the residents of San Antonio.
As part of its third annual AFPAware event, AFP is partnering with a local
organization, Family Service Association, today from 8:30 am to 1:00 pm. AFP
will assist Family Service Association in revitalizing its Neighborhood Place facility, where families, youths and seniors can engage in recreational activities. AFP
invites all conference attendees to join the community service event, exclusively
sponsored by BBVA Compass. AFPAware supports a healthier environment for
AFP members, employees and the community, and is centered on the guiding
principles of conservation, involvement, education and recycling.
“AFP is extremely proud to host AFPAware for a third straight year,” said Jim
Kaitz, AFP President & CEO. “AFPAware reinforces our members’ commitment
to the community and each other.”
In addition to the Neighborhood Place event,
AFPAware will host Paintfest with The Foundation
for Hospital Art, whose mission is to give comfort
and hope to hospital patients by providing them
artwork at no cost.
The artwork for Paintfest is pre-drawn by
Foundation for Hospital Art artists and color
coded. AFP Annual Conference attendees will have the opportunity to paint
during the Opening Exhibit Hall Reception today, Exhibit Hall Hours on
Monday, and Exhibit Hall hours on Tuesday, until 2:00 pm.
Hotels and Routes
Boarding Location
Sunday, November 7
5:15 p.m. - 6:15 p.m.
6:15 p.m. - 7:30 p.m.
For more information about the regional associations, visit or
contact AFP’s Membership Department at 301.907.2862.
Wednesday, November 10
Shuttle between hotels and the HBGCC
Non peak
7:00 a.m. - 11:30 a.m.*
* This is the time that the last shuttle departs from HBGCC returning to hotels.
Last shuttle from hotels to HBGCC departs 1 hour prior to this time.
** This is the time that the last shuttle departs from AT&T Center returning to hotels.
Route #1
Regional Association
Shuttle service will not be provided with the exception of return service from the
Welcome Reception at the AT&T Center, November 7, 2010 back to hotels as listed.
Page 4
AFP Annual Conference
AFP Conference Daily News
Exhibitors Just In...
ATOS Worldline
Booth 1629
Chaussee de Haecht 1442
Brussels, B-1130, BELGIUM
Phone: +32473925362
Web Site:
Atos Worldline is one of the major Swift connectivity providers offering all types of Swift
services to banks, corporates and all other
eligible Swift users. By the use of Atos Wordline’s services you can achieve significant
cost reduction on the total cost of your Swift
services. We offer resilient stepping stone
services for clients new to Swift, keeping
your initial investment low and affordable.
Federal Deposit Insurance Company (FDIC)
Booth 1519
550 17th Street NW, Room MB-5111
Washington, DC 20429-0002
Phone: 202.898.3763
Fax: 202.898.6566
Web Site:
Mission - The Federal Deposit Insurance
Corporation (FDIC) is an independent
agency created by the Congress to maintain
stability and public confidence in the nation’s financial system by:
• insuring deposits,
• examining and supervising financial
institutions for safety and soundness
and consumer protection, and
• managing receiverships.
Vision - The FDIC is a recognized leader in
promoting sound public policies, addressing risks in the nation’s financial system,
and carrying out its insurance, supervisory,
consumer protection, and receivership management responsibilities.
Euler Hermes ACI
Booth 1627
800 Red Brook Boulevard
Owings Mills, MD 21117
Phone: 410.753.0652
Web Site:
Euler Hermes ACI is North America’s oldest
and largest provider of trade credit insurance
and accounts receivable management solutions. Headquartered in Owings Mills, MD,
the company protects and insures more than
$150 billion in US trade transactions annually. Additionally, Euler Hermes ACI provides
a suite of receivables management services
that includes commercial third party collections, receivables management outsourcing,
and international collections.
Guzman & Company
Booth 1515
101 Aragon Avenue
Coral Gables, FL 33134
Phone: 305.374.3600
Fax: 305.374.0731
Web Site:
Guzman & Company is an institutional
brokerage and investment banking firm
founded in 1987. Since inception the firm
has served an institutional and corporate
clientele with conflict-free agency-only
brokerage in equities and fixed income,
achieving top rankings for the quality of
its services. The firm is a leader in the
execution of corporate buybacks and other
corporate services. Guzman & Company
has expanded its services to include a
leading edge money market fund portal –
Moody’s Investors Service, Inc.
Booth 1616
7 WTC, 250 Greenwich Street
New York, NY 10007
Phone: 212.553.4796
Fax: 212.298.6703
Web Site:
Moody’s Investors Service is a leading
global credit rating, research and risk
analysis firm which provides crucial benefits
and valuable opportunities for issuers and
investors alike. For contact information on
how to get rated, please call: William May
+1.212.553.3868 or email: [email protected]
Booth 1409
9 West 57th Street, 36th Floor
New York, NY 10019
Phone: 212-891-6286
Web Site:
Natixis is the corporate, investment and
financial services arm of BPCE, the 2nd largest banking group in France. With 22,000
employees in 68 countries, Natixis serves
the financial needs of its clients: corporations, institutions, public sector entities and
individuals, as well as BPCE’s two retail
banking networks. Listed on the Paris stock
exchange, it has a solid financial base,
a proforma Tier 1 ratio of 9.2% and quality short/long-term ratings (S&P’s: A1/A+,
Moody’s: P1/Aa3).
Pipeline Trading Systems
Booth 1410
60 East 42nd Street, Suite 624
New York, NY 10165
Phone: 800.680.7473
Web Site:
Pipeline serves institutional trading desks
intent on maximizing their contribution to
alpha capture, working with traders to customize order execution tools. Pipeline is the
only broker deploying order arrival analysis,
custom strategy recommendation, trade
implementation via predictive switching between best of breed algorithms context-specific post-trade TCA and the high probability
of block liquidity. Pipeline helps institutional
traders achieve significant improvement in
execution performance in today’s challenging liquidity environment.
The Receivables Exchange
Booth 1623
220 Camp Street, 5th Floor
New Orleans, LA 70130
Phone: 800.658.5880 x106
Web Site:
The Receivables Exchange is a marketbased working capital solution that connects
companies of all sizes in search of an efficient
source of capital to institutional investors seeking short-term duration, risk-adjusted returns.
Large corporations and small and midsize
businesses sell their receivables in an online
auction, where a diverse group of Buyers
compete to purchase them in real time. The
Exchange delivers flexible, fast and affordable
access to capital to improve balance sheets
and increase liquidity.
Systemware, Inc.
Booth 1539
15601 Dallas Parkway, Suite 1000
Addison, TX 75001
Phone: 972.239.0200
Web Site:
Systemware serves as the enterprise content
management platform for many of the most
successful companies in the United States. In
financial services, Systemware combined this
proven foundation with industry expertise to
develop a set of medical banking applications
that re-associates payment data with the deposits and delivers 835 files for auto-posting
to their billing systems. This solution integrates
with any lockbox, ACH network and clearinghouse and provides a new level of visibility
into the process.
Page 5
Thank You to the 2010
AFP Annual Conference Task Force
Special appreciation goes to the task force committee for its dedication
and hard work which shines in every aspect of this outstanding conference.
Jim Rizol, CTP(CD)
Assistant Treasurer
AmerisourceBergen Services
Anne Marie Gill
Credit and Collections Manager
Margaret Albrecht
Vice President, Treasury
First Data Corporation
Michael Herbert, CTP
VP, International Operations
Simpson Manufacturing Company
Walter Basinger, CTP
Director, Treasury Operations
NCCI Holdings, Inc.
Kevin Low, CTP
Assistant Treasurer
Health Net, Inc.
Kenneth Bodell
Director, Treasury Operations
The Mosaic Company
Peter Pavluk, CPA
Chief Financial Officer
Superior Natural Gas Corporation
Swavek Czapinski, CTP
Assistant Treasurer
Loblaw Companies, Ltd.
Ben Poole
gtnews, an AFP Company
Joya De Foor, CTP
Chief Financial Officer
City of Atlanta
Sam Walters, CTP
Assistant Treasurer
Choice Hotels International
Daniel Ellecamp, CTP
Treasury Consultant
AAA Northern California, Utah and
Daniel Washburn, CTP
Corporate Director, Financial
SSM Health Care
Kristin Geisler
Prime Therapeutics LLC
Christy Reese Wright, CTP
Director of Treasury
Southwire Company
Tweeting from conference? Use #afp2010
Have you
been spotted?
Visit the AFP Information Center and receive
your “Get Spotted” ribbon. Wear the ribbon
on your badge – get spotted by AFP staff
and win valuable prizes!
Booth 817
Prizes include:
•Complimentary registration at
2011 AFP Annual Conference in Boston
•Gift certificate to the AFP Bookstore
•Reserved seating at the General Sessions
AFP Conference Daily News
AFP Board of Directors 2010
Chairman of the Board
Ira Birns, CTP, CPA
World Fuel Services
Vice Chairman
Susan Glass, CTP
Hallmark Cards, Inc.
AFP Annual Conference
The Association for Financial Professionals is pleased to announce the new members of the Board of Directors.
Ann Anthony, CTP
Ann Anthony is Director of Treasury and Investor Relations at South Jersey Industries Inc. in Folson, NJ. Prior to
joining SJI, Ann worked with Metrologic Instruments as Director of Treasury and Risk Management and has held
various positions in manufacturing, banking and retail business with both domestic and global activities. Ann has
been an active participant in the Philadelphia AFP where she has served in several Board capacities. She has been a
member of AFP since 1995.
Vice Chairman
Michael Connolly
Tiffany & Co.
Patricia Hui, CTP
Patricia Hui is Sr. Corporate Treasury Manager at Mentor Graphics Corp., a multinational company dealing in
electronic design automation, headquartered in Wilsonville, OR. Prior to joining Mentor Graphics in 2009, she was
Treasury Manager at Tektronix Inc. Patricia has served in the past as an AFP Pinnacle Award judge, and has been a
member of the Annual Conference Task Force for two years. She is a member of the AFP of Oregon and SW Washington and served on the Board of AFP of Oregon in 2001 and 2002. She has been a member of AFP since 1998.
Brian Breen, CTP
Oriental Trading Co.
Jeff Johnson, CTP, CPA
Jeff Johnson is Treasurer and Vice President, Investor Relations at Deluxe Corp. in Shoreview, MN, which includes corporate finance, treasury operations, retirement plans, and risk management. Prior to joining Deluxe Corp., Jeff was with
ABS Global as CFO. He was a presenter at the 2006 AFP Annual Conference as the Strategy Category winner of Pinnacle, and was a session presenter in 2008. He served on the Treasury Management Forum Task Force in 2010. Jeff has
been active in roundtable discussions at the Minneapolis Treasurer’s group. He has been a member of AFP since 2005.
Jeff Cappelletti, CTP
The Wackenhut
Craig Ehrnst, CTP
NCCI Holdings, Inc.
Roberta Eiseman, CTP
SunGard Data Systems, Inc.
James Gilligan, CTP
Great Plains Energy, Inc.
D. Anthony Scaglione, CTP
Anthony Scaglione is Vice President and Corporate Treasurer at ABM Industries Inc. in New York, NY. Prior to
joining ABM, Anthony was with CA Inc. as Vice President, Assistant Treasurer. He has presented at a number of
AFP conferences and contributed to the AFP Exchange. Anthony has been active in roundtable discussions at the
Corporate Treasurers Council and regional treasury conferences. He has been a member of AFP since 2001.
Adrienne Urban, CTP
Adrienne Urban is Vice President and Treasurer at The Children’s Place in Secaucus, NJ. Prior to joining The Children’s Place, Adrienne was with Linen’s ‘n Things Inc. as Director of Treasury Operations. She has presented at AFP’s
Retail Forum, Global Corporate Treasurers Forum, and Canadian Forum, as well as the AFP Annual Conference. In
2002, she served as Co-Chair of the Retail Industry Task Force. Most recently, Adrienne served as a member of the
2009 Certification Task Force and the 2009 Test Specification Task Force. She has been a member of AFP since 1997.
The Association for Financial Professionals new Board of Directors Officers for 2011.
Bradley Larson, CTP
Claire’s Stores
Maureen O’Boyle, CCM
Shaklee Corporation
Anita Patterson, CTP
Cox Enterprises, Inc.
Delores E. Ratliff, CTP
Target Corporation
Dennis Reedy, CTP
Indiana University
Laurie Mitchell Sherwood, CTP
Dallas AfterSchool Network
Loren M. Starr, CTP
(Past Chairman)
Invesco, Ltd.
Chairman: Michael Connolly
Mike Connolly is Vice President-Treasurer at Tiffany & Co. in Parsippany, NJ. Mike has been a member of the
AFP Board of Directors since 2006 and currently serves as Vice Chairman, Treasurer. During his service on the
Board, he has been a member of the Audit Committee, Finance Committee and the Strategic Planning Committee. He served on the AFP Global Corporate Treasurers Forum Task Force for the 2005 and 2006 conferences, and
was Chair of the 2005 conference. Additionally, he was a member of the 2009 AFP Retail Treasury Forum task
force, which Tiffany & Co. hosted. Mike is a member of the AFP Government Relations Committee and represented the Association at the Joint Hearing of the SEC and CFTC on Harmonization of Regulation in September
2009. He is also on the Editorial Board of gtnews and is a member of the Corporate Treasurers Council. Mike has
been a speaker at forums as well as at AFP’s Annual Conference. He has been a member of AFP since 1999.
Vice Chairman: Susan Glass, CTP
Susan Glass is Finance Manager at Hallmark Cards Inc. in Kansas City, Mo. She has been a member of the AFP
Board of Directors since 2006 and currently serves as Vice Chairman, Secretary. Throughout her time on the
Board, she has chaired the Policy Committee and has served on the Finance Committee. She was on the 2003
Payments Conference Task Force. Susan also chaired the 2002 Annual Conference Task Force and was a member
of the Task Force in 2001. In 2000 she served as Chairman of the Retail Industry Task Force and was a member of
the Task Force in 1998-1999. At the local level, Susan has served on the Board of Directors of the Kansas City AFP
and was President in 1999. She served as Program Committee Chair, Secretary and Vice President from 19961999. Susan has been a contributor at the AFP Annual Conference, speaking on various subjects since 2003. She
has been a member of AFP since 1995.
Vice Chairman: Anita Patterson, CTP
Anita Patterson is Director, Treasury Services for Cox Enterprises Inc. in Atlanta. She has been a member of the
AFP Board of Directors since 2008 and currently serves as a member on the Audit Committee. Anita is a member
of the Payments Advisory Group and served as Chair of the Global Treasury Task Force in 2006, Chairman of the
Payments Forum Task Force in 2004 and 2005 and a member on the Annual Conference Task Force in 2002 and
2003. She is a frequent speaker at national and regional AFP conferences and forums. In addition, Anita is a member of the SunTrust Client Advisory Board and the Wells Fargo Advisory Council, and serves on several boards
within her community. Anita has served on her regional AFP of Atlanta as President, Secretary and Committee
chairman since 2002. She has been a member of AFP since 1992.
Page 6
AFP Annual Conference
AFP of Canada
Board of Directors 2010
AFP Conference Daily News
The Association for Financial Professionals Canada is pleased to announce the new members of the Board of Directors.
Robert Stanley, CMA
Samuel, Son & Co.
Vice Chairman
Stanley Pasternak
Canadian Tire
Corporation, Limited
Vice Chairman
Anne Marie Gill
Chairman of the Board: Kerry Biggs
Kerry Biggs is Treasurer at GCT Global Container Terminals Inc., in Vancouver, B.C. He was previously with Finning International Inc. and Enbridge Inc. As Treasurer at GCT, Kerry is responsible for
executing treasury and other related finance activities, as well as overseeing risk management, financial
planning and analysis, corporate finance, tax planning and project assessment and valuation. He has
been a speaker at several AFP Annual Conferences and is currently Chairman of the Society of Canadian Treasurers. Kerry has been a member of AFP since 2002.
Vice Chairman of the Board: Alberto S. Nunez, CTP, CMA
Alberto S. Nunez is Treasurer at IAMGOLD Corp. in Toronto, Ontario where he is responsible
for corporate finance, bank relationships, investment management, financial risk management and
insurance management. Alberto has held several senior treasury roles in a variety of industries, most
recently as Vice President, Treasurer with the Alderwoods Group in Toronto. He holds an MBA,
CMA and has more than 18 years of progressive financial management experience with publicly
traded multinational corporations. Alberto has been a member of AFP of Canada and the Society of
Canadian Treasurers since 2005.
Michael Boychuk
Yale Loh
BC Hydro & Power
Randall Marinescu, CMA
Canexus Limited
Rashid Maqsood
Rexel Canada Electrical, Inc.
Director: Robert Key, CTP (CD), CMA, CFA
Robert Key is Director, Treasury Operations at Research In Motion Limited in Waterloo, Ontario.
He was previously with Canadian Tire Corp. In his current role, Robert has implemented global
bank and cash management solutions, developed treasury policies and procedures and implemented
treasury technology solutions. In the past Rob has served as a member of the CTP (CD) Exam Evaluation Task Force and the AFP of Canada Treasury Management Forum Task Force. He has been a
member of AFP of Canada for the past five years and the Society of Canadian Treasurers since 2009.
Canadian Corner
Stop by the AFP Bookstore, Booth 817, to renew your membership and you will
receive a free copy of Condoleezza Rice’s latest book – Extraordinary, Ordinary People.
AFP of Canada Annual Meeting, Room 207A
Sunday, November 7 at 11:30 a.m.
John Whelen
Enbridge Inc.
AFP of Canada Chairman’s Reception
Exhibit Hall, Booth 1653
Sunday, November 7 at 5:30 p.m.
Sponsored by BMO Capital Markets and Scotiabank
Founding Member Directors
Dennis Reedy, CTP
Indiana University
Education Sessions: Canadian Content
Monday, November 8
Applied FX Risk Management
4:00 p.m. – 5:00 p.m., Room 206
Loren M. Starr, CTP
Invesco Ltd.
Derivative Accounting Convergence: The Path from Where We Are (US GAAP)
to Where We Are Headed (IFRS)
4:00 p.m. – 5:00 p.m., Room 212
Founding Member CEO Director
Jim Kaitz
Association for
Financial Professionals
For Your
Tuesday, November 9
Canadian Payments Landscape - 2010
8:30 a.m. – 9: 30 a.m., Room 203
Optimizing Cross-Border Banking Between Canada and the U.S.
10:30 a.m. – 11:45 a.m., Room 212
AFP 365 Lounge
Located across from Room 214, the AFP 365 Lounge is a
place to meet up with your colleagues and discover the
ways that AFP can benefit you 365 days a year.
AFP Information Kiosk
An AFP-staffed kiosk is located in the Registration area
on Saturday and Sunday and in the 200 Hallway Monday
and Tuesday. Our knowledgeable staff can assist attendees with navigating the conference schedule, finding
shuttle bus times, identifying session room locations and
providing answers to general Conference questions.
Page 7
AFP Cell Phone Charging Stations
Is your cell on its last bar? Stop by an AFP Cell Phone Charging Station to recharge. Stations are located in various locations around the convention center.
Please note: Stay with your phone. AFP assumes no responsibility for stolen
property or malfunctions from use of the station.
AFP Exhibitor Locator
Are you in search of a specific product or service?
The Exhibitor Locator will help you find what you are looking for and where to
find it in the Exhibit Hall. Terminals are placed in two convenient locations, by
the Exhibit Hall and next to the 200-level Concurrent Session area.
AFP Conference Daily News
AFP Annual Conference
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