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Survey Report

Corporate Cash Confidence Survey Report

How Treasury & Finance Leaders Are Thinking About Safeguarding Their Corporate Cash in 2025

Executive summary

As market volatility resurged in 2025, treasury teams were once again forced to test the resilience of their cash strategies. In this environment, the Corporate Cash Confidence Survey, conducted by Jiko, set out to understand how treasury and finance professionals are approaching liquidity, risk, and asset allocation.

Traditional vehicles like bank deposits and money market funds remain the dominant tools for safeguarding corporate cash. Yet fewer than a third of respondents expressed full confidence in their current ability to protect principal and maintain liquidity during a financial crisis.

While Treasury bills (T-bills) are widely regarded as the “risk-free” benchmark, direct ownership remains limited, and operational complexity has historically been a barrier.
When asked about a streamlined direct-access model, many treasurers said they would consider it safer than their current setup, highlighting growing interest in greater control, visibility, and simplicity.

This report distills key findings from the survey and highlights opportunities to strengthen corporate cash strategies in an uncertain environment.

Key Findings

Confidence is lacking

Only 27%

of treasurers are “very confident” in their current approach to safeguarding corporate cash during a financial crisis.1

Fund holdings aren’t 
frequently reviewed

How familiar are you with the composition and counterparties of your money market funds (e.g., repo agreements)?

Direct T-bill ownership is widely seen as safer approach

While few currently invest in T-bills, most consider them safer

Get the full report

The data and insights presented are based on self-reported responses collected through Jiko’s 2025 Corporate Cash Confidence Survey. The survey targeted U.S.-based corporate treasurers and finance leaders. A total of 190 qualified responses were collected between April 28 and June 2, 2025, through a combination of direct outreach at treasury industry trade shows, as well as online distribution via email and professional social networks. Results are intended to reflect the views of respondents and should not be interpreted as representative of the entire corporate treasury or financial services industry. This report is for informational purposes only and does not constitute investment, legal, or financial advice.

1.The percentage reflects the number of respondents (27.37%) who selected “Very confident” in response to being asked, “How confident are you in your current approach to safeguarding corporate cash during a financial crisis?”

2.The percentage reflects the number of respondents who selected “Yes — we purchase T-bills directly through a bank or broker” (14.21%) when asked, “Do you currently invest corporate cash in T-bills?”

3.The percentage reflects the number of respondents (66.10%) who selected either “Somewhat safer” or “Much safer” when asked, “If a solution existed that gave you direct ownership of T-bills—held in your name, with no layers of counterparty or redemption risk, similar to an account at the Federal Reserve—how would you view its safety compared to your current setup?” This percentage does not include those who answered “Not sure” or did not answer the question."