Redbridge Insights - December 2024

TREASURY

Les Mousquetaires: how artificial intelligence is revolutionising treasury operations

Laurent Bonhomme and Sébastien Schweickert share their insights with Redbridge about Groupement Les Mousquetaires’ success in improving its treasury operations (cash flow forecasting) using a predictive artificial intelligence model. Initiated five years ago, this groundbreaking project has delivered tangible benefits, driven by the dedication of an expert three-person team. It represents a compelling example of the opportunities, but also the challenges, that integrating artificial intelligence in treasury processes can involve.

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FINANCING

Leveraging Securitisation for the Energy Transition

With the launch of the ?Green Deal in 2019, the European Commission has placed the fight against climate change at the forefront of its agenda. ?One major challenge will be funding ?the EU’s energy transition strategy. In his 2024 report on European competitiveness, Mario Draghi has identified securitisation as a particularly suitable financing tool. ?However, Europe lags behind the United States—and even China—when it comes to green securitisation.

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PAYMENTS

Sustainability and ESG initiatives in payment systems: key developments and trends

While sustainability is becoming a key topic worldwide – especially in Europe – Environmental, Social, and Governance (ESG) factors still lack traction in the payments industry. In this article, Gabriel Lucas and Chaira Mekkaoui deep dive into the existing examples of ESG initiatives within payment systems and share some thoughts on how the industry may further embrace such a strategic topic.

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CLIENT CASE

Elior Group - Trade Receivable Securitisation Program

"With Accola and Redbridge’s support, we doubled the size of our securitisation programme by expanding it to new sellers and asset classes, including statistically estimated unbilled receivables."

-Didier Grandpré, Chief Financial Officer, Elior

Key accomplishments of this assignment include:

• Programme size expanded from EUR360m to EUR800m
• Deconsolidating funding increased
• Three new lenders added to the transaction
• Funding of statitiscally estimated unbilled receivables up to 20% of programme size.
• Cost optimisation through credit premium squeeze
• STS qualification obtained

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Saint-Gobain - Securitisation EUR 500m

"Thanks to Redbridge and Accola’s support, we have been able to renew the securitisation program of our subsidiary SGDBF at improved conditions, and according to schedule."

-Daniel Biarneix, Deputy Group Chief Financial Officer, Saint Gobain

Key accomplishments of this assignment include:

• Improvement of the financial terms of the transaction, leading to significant yearly savings
• A renewed bank pool was selected; a new bank was chosen to arrange the transaction
• A new management company and depositary were appointed

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FINANCING - TREASURY TRANSFORMATION - PAYMENTS - BANK FEES MONITORING - CASH MANAGEMENT