Optimize assets, liabilities, and liquidity

Solutions

Optimize assets, liabilities, and liquidity

Curate asset portfolio, strengthen the balance sheet and manage liquidity requirements

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. As the situation is changing quickly with widespread impacts to the financial ecosystem, the crisis raises a number of unique challenges.

Assets managers across the market are endeavoring to stay well ahead of potential demands on their treasury operations with sudden shifts in trading patterns, likely increased redemptions, and a re-doubling of efforts to protect assets and ensure liquidity. Therefore, mechanisms to manage daily liquidity are being put to their highest use.

Deloitte Luxembourg can help you with detailed review of your portfolio as soon as possible to assess how this situation will affect credit quality. While the situation is evolving quickly, you may want to adjust economic scenarios or the associated weighting of such scenarios within your modelling.

 

Advisory & Consulting


Tax

Audit & Assurance

Subsidies and aides—improving liquidity through government funded programs

While the drastic measures implemented to contain the impact of COVID-19 on public health may put additional pressure on your liquidity, the following government programs may help you recover cost and improve your liquidity:

  • INFPC: Subsidy for vocational training

    Continuous vocational training legislation enables companies legally based in Luxembourg and with their main business activity within the country to benefit from support in funding their training plans. We can either assist companies in preparing the financial report for submission to the National Institute for the Development of Continuous Vocational Training (INFPC) or certify your compliance with criteria set out by INFPC to help you recover part of your investment in training. Further information can be found via the links in either English or French.

 

  • Ministry of Economy: Subsidy for research and development projects

    The Ministry of Economy provides funding to companies investing in research and development projects in order to claim part of their investment. For companies that are eligible for government funding, we can validate the costs incurred in line with the criteria agreed with the Ministry of Economy and issue an agreed-upon procedures report signed by a Réviseur d’Entreprises Agréé to claim part of the investment already at an interim date. You can submit our report to the Ministry to facilitate the review and speed up the process.

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Contacts

Nick Tabone

Nick Tabone

Partner | Private Equity & Assurance Leader

Nick is a partner within the audit department and has over 20 years' experience in this area. He has enjoyed experiences in three other international Deloitte offices. Nick has gained vast experience ... More

Pascal Martino

Pascal Martino

Partner | Banking and Human Capital Leader

Pascal Martino has 18 years of experience in Business Consulting and Advisory services and developed a wide expertise in Private and Retail Banking. Pascal is leading the Banking industry transversall... More

Eric Centi

Eric Centi

Partner | Financial Services Tax

Eric is an expert in Operational Taxes where he assists financial institutions on topics such as: Aberdeen Tax Reclaims: Filing of withholding tax reclaims on behalf of investment funds on the basis o... More