Mattheus van der Nat

Mattheus van der Nat studied mathematics and physics at the University of Leiden. After several years of research at the University of Leiden, he joined (then) Bank Mees & Hope in Rotterdam as a management trainee (1980). Thereafter, he held several positions in the bank's credit department. In 1987 he joined (then) AMRO Bank in Amsterdam, as head of product management of AMRO Treasury Manager (electronic banking). After a period as an alderman for economic affairs for the City of Leiden Dr van der Nat rejoined (then) AMRO Bank as a senior consultant with Treasury Management Consultants. In 1992 he was appointed as a vice president for ABN AMRO Treasury Management Consultants and since 1998 until 2004 he has served as head of this department. Now he is director of RISKMATRIX, a Dutch firm specialised in training and publishing concerning treasury and finance. In 1993 he was also appointed as a professor of treasury management at the VU University Amsterdam (Vrije Universiteit). He is a member of the Asso­ciation of Corporate Treasurers in London and the Dutch Association of Corporate Treasurers. In the period 1999 - 2006 he was a deputy member of the Social and Economic Council in the Netherlands (SER), the main advisory body of the Dutch government on national and international social and economic policy.

Content Posted by Mattheus van der Nat

Competence-based training alone not appropriate for treasury

Training on the job gives a lot of possibilities when practical skills are completed with a professional certificate in the field of risk management, cash management or other relevant fields. This can be sufficient in many situations. However, in complex environments where risk and difficult strategies play an important role, more expertise and knowledge may be necessary.Competence-based training alone is not well-rounded enough for a fully-fledged programme of education for treasury.


Performance measurement in corporate treasury is the subject of increasing interest.In this paper, we present a summary of the most practical and most important approaches to liquidity management performance measurement in a single currency. The focus is restricted to companies with net debt but similar conclusions would apply in other situations too.Inevitably, a large part of any discussion on liquidity management appraisal revolves around the choice of a benchmark.In this article, we explore approaches to liquidity management assessment in corporate treasury and we pursue that most elusive of will-o-the-wisps, the choice of a benchmark of performance. The sections that follow focus upon the purposes of performance measurement in corporate treasury, main methods of measurement, benchmarking problems, financial market based benchmarks, reference strategy based benchmarks, optimum strategy based benchmarks, benchmarking without a treasury, value-at-risk and conclusions.