5 - EDITORIAL LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE (ATEL) N° 99 Nov-Dec-Janv 2018 PRESIDENT François Masquelier DIRECTEUR DE LA PUBLICATION Luc Paindavoine REDACTEUR EN CHEF François Masquelier COMITE DE REDACTION L. Paindavoine F. Masquelier K. Filo C. Zago J. Joseph F. Lambert-Joslain M. Radi COMISSION PARITAIRE Impression : Printcorp Régie publicitaire : FFE Jacques Olivier : 01 43 57 94 12 jac.olivier@ffe.fr Maquette : Page Up Crédit photo couverture : IStock ATEL 43, Boulevard Pierre Frieden L-1543 Luxembourg-Kirchberg Tél : (352) 42142-2121 atel_secretariat@clt-ufa.com 6 - FINANCIAL HIGHLIGHTS Luxembourg Tax News 8 - INTERVIEW with Dick Oskam, Head of Sales for Transaction at ING 10 - FOCUS Value generation - How to create (more) value for the company with a better capital allocation Managing bank accounts, the Cinderella of treasury management Treasury on the Digital Front Line 22 - FORUM Implementation of EU Tax Rules Innovative payments solution Construction de portefeuille : combiner gestion active et passive WWW.ATEL.LU Decision Time: Investing in Money Funds after EU Reforms Payments as a Strategy Are asia's corporates ready to repo? The evolving role of treasurers 37 - THE FINANCIAL RISK OBSERVATORY 41 - NEWS 53 - LIFE BEYOND NUMBERS LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE SOMMAIREhttp://WWW.ATEL.LU