13:00 Welcome and registration
13:30 Opening by day chairman. Joan Schutte, Corporate Treasurer ASML & Board Member DACT
13:35 Brexit update: current state of play and expectations. Jan-Willem Thoen, Brexit Office PwC
The UK will leave the EU on 29 March 2019 and it is still unclear on what terms it will leave, whether a transitional period will apply and what the new relationship between the EU and UK will look like. Much remains unclear but there are also some certainties where business should prepare for. We will give the latest insights and expectations.
14:20 Brexit implications for accounting. Are there any? Kees-Jan de Vries, Partner – Capital Markets and Accounting Advisory Services PwC
Brexit may impact an entity’s financial statements in different ways. It is important for the treasurer to be aware of this. FX results can become more volatile, the entity may have to revise its impairment analyses, credit risk on counterparty banks may change and predicitability of results may be impacted. It is important to consider these effects and whether these need to be communicated upfront to stakeholders.
14:50 Tax implications of Brexit. Jan-Willem Thoen. Brexit Office PwC
Brexit means that the UK will no longer be part of the EU internal market. This will have far-reaching consequences for flows of capital, goods, services and people. What are the key tax areas that will be affected and how will this impact Treasury? How to prepare?
15:50 The legal impact of Brexit on financial services and products. Jurgen van der Meer, partner Clifford Chance
Brexit can potentially have a large impact on the EU financial products and services industry. If access to the EU financial markets is cut off, the way in which UK-based financial institutions can (continue to) provide their services and products to Dutch corporate treasury departments may change significantly from a legal, operational and cost perspective. What are the key legal and contractual risks and how can you mitigate those in existing and future loans, capital markets, derivatives and other financial transactions?
16:35 Impact of Brexit to banks and corporate treasurers and how to prepare. Carlo Nazareno, Director, Global Liquidity and Cash Management COO HSBC
With so much uncertainty, what are some of the key points and actions banks and corporates should consider to ensure continuity of business, trade and services in a Brexit scenarios?
17:20 Brexit: An Interactive Case Study. Jurgen van der Meer & Carlo Nazareno
An in-depth interactive session discussing the possible impacts of Brexit to a corporate treasury operating in the UK and/or the EEA, key considerations and potential outcomes and actions.
18:00 Informal drinks
18:30 Winter Dinner
DACT members can participate free-of-charge. Once registered, you may advise us up to 12:00 on 26th November 2018 if you are unable to attend. If you do not let us know in time, then the Secretariaat will send you an invoice for € 100 ex VAT. This invitation is personal and non-transferable. Guests: on request, fee € 100 ex VAT. Register online until the 20th of November, 2018.