The world is changing rapidly, so how much should your exchange have in the bank?
Friday, December 18, Noon - 1:00 pm EST
Complimentary for BXNet Active Members via Zoom
Panel Discussion
Join us for the first session in our new quarterly webinar series. It’s designed as a roundtable rather than a lecture, so you’ll hear how other exchanges approach their finances and have a chance to share your own experience. Let’s learn from each other!
Do you have a reserve fund? Do you need one? Or maybe to put this a different way, how much should your exchange have in the bank?
- If you do have some money set aside, we’ll talk about different ways to leverage that for maximum return -- CDs versus Money Market Savings Accounts versus Money in the Market versus Annuities. We’ll focus on creative ways to maximize return on whatever you can invest. If you have an investment policy statement, please send it to info@bx-net.org no later than 12/11. We will compile these and make them available to all participants.
- Maybe you don’t have money set aside for emergencies, but you have some money earmarked for technology. Or an innovation fund? Does that make sense for your organization and how might it work?
And finally, we’ll look at key operating ratios. Should marketing be 1% of your budget or 5%? What about technology expense? What about salaries? We’ll have the results of the BXNet operating ratio survey fresh in hand and we’ll use that to inform our discussion.
Before the session:
- Compete this short questionnaire about your exchange’s reserve practices. Responses are anonymous and shared only in aggregate, so the conversation can start with real benchmarks from our network. BXNet Member Survey: Key Operating Ratios – Fill out form
- Please email your investment policy statement or any investment guidelines you have to info@bx-net.org.
The webinar link will be emailed to registrants before the session.
Questions? Contact info@bx-net.org.
This is the first session of BXNet’s quarterly webinar series. Upcoming topics include succession planning, accounting best practices, AI, and HR issues.
