In February, Kyriba partnered with bank/broker-dealer Jiko to offer its corporate treasury clients, direct access to short-term US government T-bills.
The move is designed to capitalise on the drive among treasury teams to optimise liquidity planning by deploying cash into T-bill maturities of one, three-, six- or 12-month duration without having to hire traders or work through brokerage interfaces.
As recent events have amply demonstrated, when considering placing excess cash into government bonds, treasurers must consider the implications of interest-rate movements.
Rising rates dilute the value of existing bonds, which is not a problem if the bond owner is able to hold it until maturity.
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