CTP practice test with correct answers and Exam dumps

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Exam Code: CTP Practice test 2022 by Killexams.com team
CTP Certified Treasury Professional

General Information
– The Certified Treasury Professional (CTP)
– The CTP Examination
– Eligibility Requirements
Exam Format
– Test Development
– Job Analysis
– Test Specifications
– Body of Knowledge
– The test
– 2020-2022 CTP Test Specifications:
Knowledge Domains and Task Statements
Exam Locations/Dates/Fees
– Test Center Locations
– 2020 CTP Examination Testing Windows
and Deadlines
– 2020 New Applicant Fees
– Other Fees
– Cancellation Policy
– Deferrals / Special Circumstances
Taking the CTP test
– Submitting Your Application
– Authorization–To–Test (ATT)
– Scheduling Your Examination Appointment
– Testing Time
– Requesting Special Testing Accommodations
– Making Changes
– test Results
CTP Study Resources
– Essentials of Treasury Management®, Sixth Edition
– CTP test Prep Platform
– CTP Examination Preparation Guide
– CTP test Study Network
– Complimentary Webinars
– CTP test Review Course
– Regional AFP/TMA Organizations
Maintaining Your CTP Credential
– CTP Recertification and Reporting Continuing
Education (CE) Credits
– Approved CE Activities
– Activities Not Approved for CE Credits

Each question on the CTP test is referenced to the content of Essentials of Treasury Management®, Sixth Edition, the Body of Knowledge (BOK) for the CTP exam. The computer-based test includes 170 multiple-choice questions and is built according to the CTP Test Specifications on page 5 of this handbook. Test development for the CTP test is based on psychometrically validated procedures. Pearson VUE and AFP ensure the CTP test is valid, reliable and legally defensible.

Domain 1
Maintain corporate liquidity required to meet current and future obligations in a timely and cost effective manner
A. Manage optimal cash positioning through short-term investing and borrowing activities
B. Forecast/manage cash receipts and disbursements [cash flows]
C. Leverage cash concentration/pooling structures
D. Manage foreign exchange (FX) exposure
E. Manage trade financing (including letters of credit)
F. Manage intercompany financing (including loans, repatriation, in-house banking)
G. Review cash balances and reconcile transaction activity to ensure accuracy
H. Optimize treasury operations (including considerations for roles/responsibilities and outsourcing options)
I. Calculate, analyze, and evaluate financial ratios to optimize financial decision making

Domain 2
Manage capital structure, manage costs of long-term capital, and quantitatively evaluate long-term capital resource investments
A. Negotiate and manage syndicated agreements
B. Manage investment portfolio
C. Issue debt and equity
D. Manage revolving debt agreements
E. Assess impact of mergers, acquisitions, and divestitures
F. Evaluate current market conditions (including credit availability, spreads, interest rates, terms, risk) as they relate to long-term borrowing strategies

Domain 3
Manage internal and external relationships
A. Build, maintain, and review relationships with external financial service providers
B. Evaluate and implement treasury products and services (including banking products, treasury workstations)
C. Administer bank accounts (including bank fee analysis) and maintain documentation
D. Identify, negotiate, and select relationships and operational agreements with external service providers (including financial, technological, and investment/retirement advisors) to ensure best practices and competitive pricing
E. Serve as an internal trusted advisor and consultant (including Project Finance)
F. Manage merchant services programs (including fees, risk, controls, card security compliance, retention requirements)
G. Build and maintain relationships with internal stakeholders (including accounting, IT, legal, and tax departments) H. Market Effects on Working Capital

Domain 4
Monitor and control corporate exposure to financial, regulatory, and operational risk (including emerging and reputational risk)
A. Comply with treasury policies and procedures (such as investment, FX, risk management, hedging, credit approval)
B. Draft treasury policies and procedures for approval (such as investment, FX, risk management, hedging, credit approval)
C. Detect and mitigate fraud (such as payments, bank transactions, internal, external)
D. Benchmark performance against external sources to ensure best practices (including banking fees comparative analysis)
E. Evaluate and manage counterparty risk (including risk related to supply chain, banks, brokers, dealers)
F. Develop, maintain, and test business continuity plans (including bank balance reporting process, funds transfer capabilities)
G. Hedge FX, interest rate, and commodities exposure
H. Ensure regulatory compliance, and report internally and externally on compliance

Domain 5
Assess impact of technologies on the treasury function
A. Leverage technology systems (including enterprise resource planning (ERP) systems and treasury management systems)
B. Identify security issues and concerns associated with new and existing technology
C. Identify cyber-related risks
D. Monitor information security risk and cyber-related risk (including e-mail scams, phishing scams)

33–37% of the questions test knowledge of basic facts and terms.
38–42% of the questions test an understanding of concepts and principles.
23–27% of the questions test the higher thinking ability to apply concepts and principles to a specific situation.
10–15% of the questions will require mathematical computations.

Certified Treasury Professional
AFP Professional Free PDF
Killexams : AFP Professional Free PDF - BingNews https://killexams.com/pass4sure/exam-detail/CTP Search results Killexams : AFP Professional Free PDF - BingNews https://killexams.com/pass4sure/exam-detail/CTP https://killexams.com/exam_list/AFP Killexams : AFP Charter


The following document on editorial standards and best practices sets out the guiding principles for AFP’s editorial operations at a time of fast-moving changes in the news media.

It incorporates the universally accepted ethical principles of providing accurate, impartial and balanced coverage, and codifies and elaborates on the ethical guidelines listed in our editorial stylebooks.

It is a living document that will be updated as the news business develops and we encounter fresh challenges.

The guidelines and rules in this document are not designed to be a substitute for, or to take precedence over, local labour legislation or existing company agreements.

It is divided into eight sections – the 10 key principles, the fundamentals, areas of concern, conduct, financial reporting, security and hostile environments, UGC and images.

This document was drawn up after extensive research into the ethics codes of other major media around the world, historical documents such as the 1971 Munich Declaration of the Duties and Rights of Journalists, and contemporary research and guidelines published by such institutions as the Dart Center for Journalism and Trauma and the Tow Center for Digital Journalism at Columbia University in New York.

Thanks above all are due to the members of the AFP editorial team who contributed to the drafting of this document.

Download the PDF version of the AFP editorial standards and best practices

Fri, 14 Aug 2020 09:04:00 -0500 en text/html https://www.afp.com/en/agency/charter
Killexams : Users Can Create a Flip PDF Booklet on FlipHTML5 Online Free
Users Can Create a Flip PDF Booklet on FlipHTML5 Online Free

“A flip pdf booklet made with FlipHTML5”

People are moving steadily towards presenting content digitally. A flip booklet is a catchy way to do so and FlipHTML5 is a convenient way to create a flip PDF booklet.

Content is presented mainly in digital form nowadays. Printed publications are becoming less common as digital ones are more convenient and accessible. Today’s audiences demand high-quality, engaging content. With so many things vying for attention, they quickly move on to the next thing if what they’re viewing is unappealing. FlipHTML5 helps content creators to stay relevant with a dynamic flip PDF booklet.

Static PDF files simply don’t cut it anymore. A flip PDF booklet is a much more captivating way to present information. Whether it’s a brochure, magazine, or eBook, the dynamic page-turning effect reminiscent of a printed book combined with interactive digital features will grab and hold people’s attention. FlipHTML5 automatically converts PDF to a flip PDF booklet in minutes. It requires no technical or coding skills.

Once a user has converted their PDF to a flip PDF booklet, FlipHTML5 boasts various features to enhance the publication. There are templates and themes to deliver any type of publication a professional layout. Plus, users can add a clickable table of contents and thumbnails to simplify navigation. Readers can move from page to page by clicking the next and previous buttons, swiping their screen or enabling auto-flip – a great improvement on the endless scrolling required with PDF files.

Today’s audiences are drawn to videos and animation. A flip PDF booklet created with FlipHTML5 removes the limits of text and images that some digital publications have. The powerful online multimedia editor lets users add audio, video, GIFs, popups, animations, and hyperlinks. The flip PDF booklet will deliver readers an immersive experience. The ability to include hyperlinks is a plus for advertisers as they can make it easier for readers to buy products with a click instead of typing a URL in a separate browser.

Publishing and sharing the flip PDF booklet is just as easy with FlipHTML5. Users can upload the finished publication to the FlipHTML5 cloud for free storage and web hosting. Then, grab a URL or embed code to share the flip PDF booklet via email and social media or embed it on websites. Multiple booklets can be displayed in the virtual bookcase.

“A flip PDF booklet is such a versatile way to connect with your audience,” says Jackie Peng, Customer Service of FlipHTML5.

Learn more about making a flip PDF booklet with FlipHTML5.

About FlipHTML5

FlipHTML5 is a top-notch digital publishing solution, offering users innovative ways of presenting content.

Video Link: https://www.youtube.com/embed/JvT25iuogsk

Media Contact
Company Name: FlipHTML5 Software Co., Ltd.
Contact Person: Lailie Tan
Email: Send Email
Phone: 86 020-61972665
Address:Room 1003, 10/F, Tower 1, Lippo Centre, 89 Queensway, Admiralty
City: Hong Kong
Country: HongKong
Website: https://fliphtml5.com/

Wed, 06 Jul 2022 08:02:00 -0500 GetNews en-US text/html https://www.digitaljournal.com/pr/users-can-create-a-flip-pdf-booklet-on-fliphtml5-online-free
Killexams : GroupTogether’s free group card: the easy way to build team culture in 2min

With more organisations moving to remote or hybrid working models, leaders are looking for new ways to create meaningful connections within their teams. One simple gesture used by organisations worldwide is giving a group card from the team to celebrate life and work milestones – welcome to the team, work anniversary, maternity leave or farewell.

GroupTogether made their group card completely free and available worldwide at the start of the pandemic so their customers could celebrate better together, even when they were apart. This makes it ideal for international teams or sending birthday wishes from far-flung relatives. They are proud of their 1 million users worldwide.

In a recent survey conducted by GroupTogether investigating how employees feel about giving gifts and cards at the office, “it creates a positive team culture” was in the top three reasons employees participated. Only 4% of employees try and avoid taking part in office gifts and cards.

GroupTogether’s free group card is the only truly free platform – unlimited people can sign, no ads, obtain as a PDF and much more. Other services have restrictions, such as a maximum number of people who can sign it for free or the option only to share digitally. GroupTogether’s group cards are free, easy and printable. Everyone can just click a link to contribute a message and a photo or GIF.

GroupTogether is well known for its co-founders Mrs Julie Tylman and Mrs Ali Linz who founded the company with the idea of helping their customers do good things for the people in their life – from remote farewells to helping a friend in need.

We are here to make it as simple as possible for you to send a lovely greeting card loaded with messages and photos from the group. With our platform, you can deliver someone a free e-card in less than two minutes,” says co-founder Julie.

According to co-founder Ali, the most important aspect of their business is to develop a better way to show appreciation for the people they care about.

At GroupTogether, we see ourselves taking part in all our user’s life milestones: from farewells to thanks teacher. Receiving a card filled with heartfelt messages and photos is truly special, like a big group hug you can keep forever,” she said.

Ratings of 4.9 stars are rare in the world of group cards, but this is what customers can expect with GroupTogether. Here’s what a few customers have to say:

I never leave reviews, but this website has blown me away. I asked everyone in the office to sign the virtual birthday card for my boss. During these remote times, this website virtually brings us together to share our feelings and thoughts.

One of the easiest ways of sending free group cards. Being an HR professional, these online free group cards really help me. There is a broad range of high-quality cards for all business purposes. The messages are written over the card, a more personal touch that the recipient appreciates.

In addition to its top-quality product offering, GroupTogether is renowned for its professionalism, reliability and customer support.

Alexandra Linz
[email protected]
+61 400 300 066

comtex tracking


Tue, 05 Jul 2022 19:30:00 -0500 Baden Bower en-US text/html https://www.digitaljournal.com/pr/grouptogethers-free-group-card-the-easy-way-to-build-team-culture-in-2min
Killexams : AFP concerned about Government plans for company car tax No result found, try new keyword!The Association of the Fleet Professionals (AFP) is thinking that the recent ... “As the fleet industry’s professional organisation, we are working hard to make sure that our voice is heard.” ... Sun, 10 Jul 2022 20:54:00 -0500 en-US text/html https://www.fleetnews.co.uk/news/fleet-industry-news/2022/07/11/afp-concerned-about-government-plans-for-company-car-tax Killexams : Tunisia opposition chief hit by anti-terror probe ahead of key vote

TUNIS — The leader of Tunisia’s Islamist-inspired opposition party Ennahdha was questioned and then allowed to go free by an anti-terror unit, just days before a controversial constitutional referendum.

After a “more than nine-hour” session and “19 defence speeches” requested by lawyers, Rached Ghannouchi left the anti-terror centre and headed home, his lawyer and former Ennahdha official Samir Dilou said on Facebook.

Dilou told AFP the anti-terror unit had allowed Ghannouchi freedom of movement, while another lawyer said the politician was not the subject of “judicial control measures”.

Ghannouchi’s supporters had feared he would be arrested after being questioned.

More than 20 security vans were stationed in front of the headquarters of the anti-terror centre, where scores of Ennahdha activists were gathered in support of their leader, AFP correspondents said.

Supporters chanted Ghannouchi’s name as he entered the building, making the victory sign and waving placards.

“Stop political trials”, one read, written in both English and Arabic.

Ghannouchi, 81, has been under investigation since June amid allegations of corruption and money laundering linked to transfers from abroad to the charity Namaa Tunisia, affiliated with Ennahdha.

As part of the same investigation, Tunisian authorities last month arrested former prime minister and one-time Ennahdha leader Hamadi Jebali for alleged money-laundering.

Jebali was later released, but is due to face questioning on the allegations on Wednesday.

Earlier this month, a court ordered the freezing of the bank accounts of Ghannouchi and a dozen members of his family and his party — including Jebali — as part of this investigation.

In June, Ghannouchi was also handed a ban from travelling abroad as part of a separate investigation into high-profile political assassinations that rocked the country in 2013.

Ennahdha and Ghannouchi deny all charges against them.

Tunisia’s long-running political crisis took a dramatic turn in July last year when President Kais Saied sacked the government, froze the Ennahdha-dominated parliament headed by Ghannouchi, and seized far-reaching powers.

Saied has put forward a draft constitution set for referendum on July 25, the anniversary of his power grab.

Opponents accuse him of waging political vendettas and dragging the country back to dictatorship, over a decade since its pro-democracy revolt sparked the Arab Spring uprisings.

Wed, 20 Jul 2022 11:53:00 -0500 en text/html https://www.jordantimes.com/news/region/tunisia%C2%A0opposition-chief-hit-anti-terror-probe-ahead-key-vote
Killexams : Myanmar executes ex-lawmaker, three other political prisoners

This file photo taken on January 13, 2012 shows Kyaw Min Yu (C), known as Jimmy, and his wife Ni Lar Thein (L) holding her child, both members of the 88 Generation student group, celebrating upon their arrival at Yangon international airport following their release from detention. | (Photo by Soe Than WIN / AFP)

Yangon: The ruling military administration in Myanmar has executed four activists in what is believed to be the first capital punishment since 1988, a media report said on Monday.

Citing the state news outlet, Global News Light of Myanmar, the BBC report said that Phyo Zeya Thaw, a former National League for Democracy (NLD) lawmaker, writer-activist Ko Jimmy, Hla Myo Aung and Aung Thura Zaw were executed as they “gave directives, made arrangements and committed conspiracies for brutal and inhumane terror acts”.

The outlet said that the four were charged under the counter terrorism laws, but did not say how or when they were executed.

The executions were first announced by the military in June after they were handed the death sentence in January following closed-door trials, the BBC said.

The sister of Ko Jimmy, a veteran of a Burmese pro-democracy movement known for their activism against the country’s military junta in the 1988 student uprisings, told the BBC that the families are yet to receive the bodies. He was arrested in October last year after being accused of hiding weapons and ammunition.

Meanwhile, Phyo was a close ally of former de-facto leader Aung San Suu Kyi, who is currently in solitary confinement after she was arrested in the wake of the military coup in February 2021 that overthrew her elected NLD government.

The 41-year-old former hip-hop artist was often slammed by the junta for his anti-military lyrics. He was arrested in November 2021 for alleged anti-terror offences, said the BBC.

Hla Myo Aung and Aung Thura Zaw were sentenced to death for killing a woman who was an alleged informer for the junta.

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Mon, 25 Jul 2022 21:35:00 -0500 en text/html https://www.freepressjournal.in/world/myanmar-executes-ex-lawmaker-three-other-political-prisoners
Killexams : Al-Sadr supporters storm Baghdad’s Green Zone again

Thousands of supporters of Shia populist cleric Moqtada al-Sadr stormed Baghdad’s fortified government zone and broke into parliament yesterday for the second time in a week, leaving at least 125 people injured and escalating a political stand-off.
They entered after thousands of protesters had massed at the end of a bridge leading to the Green Zone before dozens pulled down concrete barriers protecting it and ran inside, an AFP photographer reported.
Security forces had fired tear gas and water cannon near an entrance to the district, also home to foreign embassies and other government buildings.
Supporters of al-Sadr, who once led a militia against US and Iraqi government forces, oppose the recently announced candidacy of Mohamed Shia al-Sudani, a pro-Iran bloc’s pick for prime minister.
“We don’t want Mr Sudani,” said one protester, Sattar al-Aliawi, 47, in the parliamentary gardens.
He said they were protesting “a corrupt and incapable government” and would “sleep here”.
He added: “The people totally refuse the parties that have governed the country for 18 years” since a US-led invasion toppled dictator Saddam Hussain.
The protesters rallied by al-Sadr and his Sadrist Movement crowded the parliament chamber where some sat at lawmakers’ desks while others milled about, raising their mobile phones to film the occupation.
“The demonstrators announce a sit-in until further notice,” al-Sadr’s movement said in a brief statement to journalists carried by state news agency INA.
“We are calling for a government free from corruption ... and those are the demands of the people,” one protester, Abu Foad, said among crowds of protesters carrying placards with al-Sadr’s photograph and national flags.
The scenes followed similar protests on Wednesday, although this time at least 125 people – including demonstrators and police – were wounded, according to a health ministry statement.
During Wednesday’s protests, the participants left two hours later after al-Sadr told them to.
In yesterday’s protests, al-Sadr’s supporters threw stones and police fired teargas and stun grenades.
“We Iraqis have endured injustices because of those corrupt people,” said another protester Alaa Hussain, 49. “I have two unemployed children who graduated from university, and I am unemployed. There are no jobs and that is all because of corruption.”
Al-Sadr’s party came first in an October election but he withdrew his 74 lawmakers from parliament after failing to form a government which excluded his Shia rivals.
His withdrawal ceded dozens of seats to the Coalition Framework, an alliance of Shia parties allegedly backed by a regional country.
Al-Sadr has since made good on threats to stir up popular unrest if parliament tries to approve a government he does not like, saying that it must be free of foreign influence.
Al-Sadr’s supporters chanted against his rivals who are now trying to form a government.
Many protested in front of the country’s Supreme Court, which al-Sadr has accused of meddling to prevent him forming a government.
In response, the Coalition Framework called on Iraqis to protest peacefully “in defence of the state, its legitimacy and its institutions”, a statement read later yesterday, raising fears of clashes.
The United Nations called for a de-escalation.
“Voices of reason and wisdom are critical to prevent further violence,” said its mission in Iraq.
Prime Minister Mustafa al-Kadhimi also urged political groups not to escalate unrest.
“Let this not devolve into clashes, and keep Iraq secure,” he said in a televised address.
Speaker of Parliament Mohamed al-Halbousi suspended all parliamentary session until further notice, the state news agency reported.
Iraq has been without a president and prime minister for about 10 months because of the deadlock.
Al-Sadr, whom opponents also accuse of corruption, maintains large state power himself because his movement remains involved in running the country.
His loyalists have long run some of the allegedly most corrupt and dysfunctional government departments.
Iraqis linked neither to al-Sadr nor to his opponents say that they are caught in the middle of the political gridlock.
While Baghdad earns record income from its vast oil wealth, the country has no budget, frequent power and water cuts, poor education and healthcare, and insufficient job opportunities for the young.

Sat, 30 Jul 2022 11:44:00 -0500 ar text/html https://www.gulf-times.com/story/721950/Al-Sadr-supporters-storm-Baghdad-s-Green-Zone-agai
Killexams : Australian tennis star Nick Kyrgios charged with assaulting ex-girlfriend

Wimbledon quarterfinalist Nick Kyrgios is due in court back home in Australia next month, and a lawyer representing him said the "precise nature of" the allegations "is neither certain at this moment nor confirmed by either the prosecution or" the 27-year-old professional tennis player.

Kyrgios practiced at the All England Club on Tuesday, and the All England Club confirmed he is scheduled to play his match against Cristian Garin of Chile on Wednesday.

"While Mr. Kyrgios is committed to addressing any and all allegations once clear, taking the matter seriously does not warrant any misreading of the process Mr. Kyrgios is required to follow," attorney Pierre Johannessen wrote in a statement emailed to the media.

Johannessen wrote that "the allegations are not considered as fact" by the court, and Kyrgios is not "considered charged" with an offense until a first appearance in court.

Wednesday's match against Garin is the third Grand Slam quarterfinal of the Australian's career - he is 0-2 in the others - and first in 7 1/2 years.

"We have been made aware of legal proceedings involving Nick Kyrgios in Australia, and as they are ongoing, we are not in a position to offer a comment," an All England Club spokesperson said Tuesday.

"We are in touch with Nick's team and he remains scheduled to play his quarterfinal match tomorrow."

Police in Canberra, Australia, where Kyrgios grew up and is based, issued the following statement: "ACT Policing can confirm a 27-year-old Watson man is scheduled to face the ACT Magistrates court in relation to one charge of common assault following an incident in December 2021." A person found guilty of such an offense could face a jail sentence of up to two years.

A Canberra police spokesman told The Associated Press on Wednesday that no further statements were planned and that any additional information on the case would likely not be made public until the Aug, 2 court date.

A spokesperson for the ATP men's tennis tour wrote in an email: "The ATP is aware of the Australian case involving Nick Kyrgios but as legal proceedings are ongoing it would be inappropriate to comment further at this time."

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Wed, 06 Jul 2022 00:59:00 -0500 en text/html https://www.freepressjournal.in/sports/australian-tennis-star-nick-kyrgios-charged-with-assaulting-ex-girlfriend
Killexams : Council under fire for plans to cut down trees at roundabout

The trees at Kidlington Roundabout. Picture: Suzanne McIvor

A COUNCIL has come under fire for its plans to cut down nine trees as part of a roundabout improvement scheme.

Campaigners say three giant poplar trees at Kidlington Roundabout form a ‘well-loved and distinctive approach’ to the village from Oxford.

The works at the roundabout are part of various projects along the A44, which together are referred to as the North Oxford corridor.

Proposals by Oxfordshire County Council to fell the mature trees have however drawn criticism from local people.

READ ALSO: Council under fire for ‘wasting paper’ for second time this month

Suzanne McIvor, secretary of the Harbord Road Area Residents’ Association, said: “The three tall poplars are extremely attractive trees.

“Along with the other trees which will be lost they undoubtedly have biodiversity value. This area is in the Green Belt. None of this is even mentioned in the consultation documents.

“Nowhere in the email from the council announcing the consultation, or on its Let’s Talk website, is the fate of these trees explained.

“This only becomes apparent if readers obtain a PDF of the plans and then zoom in to read the very small key where trees to be felled are marked with red dots, and around 20 more trees to be ‘mitigated’ are marked with orange dots.”

Oxford Mail: The trees at Kidlington Roundabout. Picture: Suzanne McIvor

The trees at Kidlington Roundabout. Picture: Suzanne McIvor

Linda Ward, of Kidlington Development Watch, added: “We don’t think these proposals are improvements.

“They may well just make the roundabout worse for all forms of transport.

“Whilst intended safety improvements for cyclists and pedestrians are welcome, we do not believe that the use of so many traffic signals is the best way to achieve this.”

A spokesperson for the county council said consultation on the project has been extended to August 12, with the aim to encourage the use of buses, cycling and walking.

Oxford Mail: The trees at Kidlington Roundabout. Picture: Suzanne McIvor

The trees at Kidlington Roundabout. Picture: Suzanne McIvor

The spokesperson continued: “The consultation also asks specific questions relating to the traffic regulation orders required to implement the changes.

“The project team has worked closely with the council’s arboriculture, landscaping and tree preservation officers to minimise the impact on existing trees and vegetation.

“The trees identified for removal have been classified as moderate to low-quality. No high-quality trees will be removed.

“A planting strategy has been developed which is in line with the council’s Tree Policy for Oxfordshire, and requires two trees to be planted for every tree that has to be removed from council land.

“The replacement trees will be planted in a similar location within the scheme vicinity.

“At present, the outline planting schedule allows for 21 new trees to be planted – which exceeds the policy requirement.

“The increased number of trees will further increase biodiversity of the area.”

Responses to the consultation will be reviewed as part of a report presented to the council at a meeting in October.

This story was written by Liam Rice, he joined the team in 2019 as a multimedia reporter.

Liam covers politics, travel and transport. He occasionally covers Oxford United.

Get in touch with him by emailing: Liam.rice@newsquest.co.uk

Follow him on Twitter @OxMailLiamRice

Thu, 04 Aug 2022 17:34:00 -0500 en-GB text/html https://uk.news.yahoo.com/council-under-fire-plans-cut-040000630.html
Killexams : Twitter’s board says it will see Elon Musk in court

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It should not come as a huge surprise that Elon Musk has withdrawn his $44bn bid to buy Twitter.

There was the report of “peril” in the Washington Post, of course, but also all those tweets. So many tweets. Why does he tweet so much? In any event, Musk’s plan to break the deal wasn’t announced in a tweet, but a Securities and Exchange Commission filing late Friday. The filing rehashes Musk’s very public claims that Twitter hasn’t provided information that would allow his team to determine whether the company correctly measured its number of fake users.

We can see why the M&A arbitrageurs were cautious.

Along with Musk’s prior complaints (about all the bots), we found a few other interesting bits in the aforementioned filing. With our emphasis:

...Twitter’s disclosure that it ceases to count fake or spam users in its mDAU when it determines that those users are fake appears to be false. Instead, we understand, based on Twitter’s representations during a June 30, 2022 call with us, that Twitter includes accounts that have been suspended—and thus are known to be fake or spam—in its quarterly mDAU count even when it is aware that the suspended accounts were included in mDAU for that quarter.

First, are we sure that all suspended accounts are necessarily fake? While none of your Twitter-verified correspondents here at FT Alphaville have been suspended, they may know some people whose accounts were temporarily suspended when their takes got a bit too spicy. It is possible that Twitter’s terminology for this penalty-box type of suspension is different, though, and we assume the social-media platform’s PR team was already quite busy late on Friday night.

Second, as Matt Levine observed on Twitter, Musk’s team also complains that they asked for a spreadsheet of Goldman Sachs’ valuation model and received a PDF instead:

Mr. Musk requested on June 17 a variety of board materials, including a working, bottoms-up financial model for 2022, a budget for 2022, an updated draft plan or budget, and a working copy of Goldman Sachs’ valuation model underlying its fairness opinion. Twitter has provided only a pdf copy of Goldman Sachs’ final Board presentation.

And finally, Musk’s team takes issue with Twitter’s belt-tightening after news of the takeover:

Twitter’s conduct in firing two key, high-ranking employees, its Revenue Product Lead and the General Manager of Consumer, as well as announcing on July 7 that it was laying off a third of its talent acquisition team, implicates the ordinary course provision. Twitter has also instituted a general hiring freeze which extends even to reconsideration of outstanding job offers. Moreover, three executives have resigned from Twitter since the Merger Agreement was signed: the Head of Data Science, the Vice President of Twitter Service, and a Vice President of Product Management for Health, Conversation, and Growth. The Company has not received Parent’s consent for changes in the conduct of its business, including for the specific changes listed above.

FT Alphaville is by no means the first to say that this could be an attempt to push Twitter into accepting a lower purchase price. The Nasdaq Composite has slid 26 per cent this year, after all. While Twitter’s shares have lost a mild 15 per cent in comparison, Musk’s bid now constitutes a 47 per cent premium to the company’s current enterprise value of nearly $30bn.

Twitter may not want to enter a protracted legal battle against a guy who’s gone toe to toe with the SEC and come out relatively unscathed.

But it can try to force Musk to complete the purchase. If we take the company chairman’s late Friday tweet at face value, there may be litigation in the cards.

The relatively low breakup fee matters now because it raises the stakes for Twitter to push Musk to complete the deal, rather than just asking for a one-time payout. Our FT colleagues Sujeet Indap and James Fontanella-Khan have reported that damages are capped at $1bn.

Some readers will remember that buyer’s remorse was not sufficient reason to let Tyson Foods withdraw from its 2001 deal to buy IBP. And our colleagues also point out that the Delaware Chancery Court has required follow-through as recently as last year.

This thread from Texas appellate lawyer Raffi Melkonian may provide some insight as well.

The “plans to pursue legal action” cited by Twitter’s chairman could take any number of forms, of course. It could go all the way to arguments in the Delaware Chancery Court, or end in a simple deal renegotiation. There could also be challenges to a renegotiated deal; shareholders may not be pleased if Twitter’s board accepts a lower price for the company, though the success of any such challenge would be a different question.

Given all the characters involved in the deal and its financing, the biggest surprise would be if the Twitter fight culminates in anything less than a media circus. If the case goes to court, real corporate-law fanatics will surely miss Leo Strine on the bench.

Fri, 08 Jul 2022 21:00:00 -0500 en-GB text/html https://www.ft.com/content/078c8ee4-30bc-47b3-82f0-b232e7810e9c
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