Conference Daily News AFP 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. www.AFPonline.org Sunday, November 7, 2010 Payments to Developing Countries: How to Simplify the Complexities Diane S. Reyes, Global Payments Head, Global Transaction Services, Citi A 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 F 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 challenges? 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. AFP Conference Daily News AFP Annual Conference Editorial Andrew Deichler Ira Apfel Managing Director, Communications Elizabeth Johns Media Specialist David Johnson Publications Specialist Amy Cooley Printing Cenveo Inc., San Antonio, TX © 2010 by the Association for Financial Professionals. All rights reserved. For further information on any material presented, please contact: Association for Financial Professionals Attn: Communications 4520 East-West Highway Suite 750 Bethesda, MD 20814 Phone 301.907.2862 Fax 301.907.2864 Web www.AFPonline.org E-mail [email protected] Tricks of the Trade Show Day 1 A guide to navigating your way through the AFP Annual Conference T 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 F 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. Corporate Payments Strategy (CPS) g/cps www.AFPonline.or provide ce designed to y (CPS) is a resour g the Payments Strateg in understandin The Corporate pants interested corporate nts industry partici opportunities that direction to payme , and potential points payment pain the of gaps, ncy issues, service ning and efficie links to improve the functio and will tions think menda practitioners es analysis, recom es The CPS includ and best practic system globally. nal explanation to better that provide additio ates of all types other resources ed to allow corpor payment resource is design e banks and other descriptions. This as well as provid have the most knowledge base on initiatives that leverage the AFP efforts their focus ive return. with insights to generating an attract industry players for ial potent ate needs and impact on corpor The Corporate egy Payments Strat elements: has five major ssing ts ht-Through Proce d—electronic paymen 1. Promote Straig ically is strongly preferre g payments electron manual intervention. Sending and receivin processed without These hurdles and cost-effectively -through processing. are more easily, reliably in achieving straight IT resources remain s limited obstacle tion’s some However, ng demands on corpora s. impact from increasi ent technical change include the adverse processing and implem , support non-standard to maintain systems Opportunities: nesspayments Key Issues and sworkbetterforbusi n ireandCardnetwork tingandreconciliatio • MakeACH,W uiredtoautomatepos m plifytheprocessesreq equiredtomanagethe • Enableandsim mountofattentionr ptionitemsandthea ilitiesforsmaller • Minimizeexce lingservicesandcapab ofenab pment • Supportdevelo trading partners 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 Extraordinary, 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 Peak 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 Peak 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.* Peak 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.* Peak Peak 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 At HBGCC Hilton Palacio del Rio At HBGCC Homewood Suites Riverwalk At HBGCC Hotel Contessa At HBGCC Hyatt Regency San Antonio At HBGCC La Quinta Inn Conv. Ctr. At HBGCC Marriott Rivercenter At HBGCC Marriott Riverwalk At HBGCC Westin Riverwalk At HBGCC 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 A 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 www.AFPonline.org 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: www.atosworldline.be//index/ en_US/5299511/5301661/Wire-paymentservices.htm 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: www.fdic.gov 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: www.eulerhermes.us 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: www.guzman.com 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 – TreasuryHelm™. 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: www.moodys.com 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] moodys.com. Natixis Booth 1409 9 West 57th Street, 36th Floor New York, NY 10019 Phone: 212-891-6286 Web Site: www.natixis.com 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: www.pipelinetrading.com 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: www.receivablesXchange.com/corporate 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: www.systemware.com 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. Chair Jim Rizol, CTP(CD) Assistant Treasurer AmerisourceBergen Services Anne Marie Gill Credit and Collections Manager Stantec 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 Editor 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 Nevada Daniel Washburn, CTP Corporate Director, Financial Planning SSM Health Care Kristin Geisler Treasurer 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 Corporation Vice Chairman Susan Glass, CTP Hallmark Cards, Inc. AFP Annual Conference 2011 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. Directors Jeff Cappelletti, CTP The Wackenhut Corporation 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 2011 The Association for Financial Professionals Canada is pleased to announce the new members of the Board of Directors. Chairman Robert Stanley, CMA Samuel, Son & Co. Limited Vice Chairman Stanley Pasternak Canadian Tire Corporation, Limited Vice Chairman Anne Marie Gill Stantec 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. Directors Michael Boychuk BIMCOR Yale Loh BC Hydro & Power Authority 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 Convenience 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 “Taking our business global is complex. Making global payments isn’t.” Citi’s payment services: global solutions tailored for your company’s needs. New markets mean new currencies. That’s why Citi’s proprietary network delivers payment services in 135 currencies across 190 countries and territories on a consistent global platform. Our global reach and on-the-ground expertise create the crossborder capabilities and efficiencies that help you meet your unique business challenges. In both new and familiar markets, you can gain a competitive edge with Citi. Find out more about our global network and award-winning solutions at afp.citi.com and AFP Booth #628. © 2010 Citibank, N.A. All rights reserved. Arc Design, Citi and Arc Design and Citi Never Sleeps are trademarks and service marks of Citigroup Inc., used and registered throughout the world.
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