Corporate Cashflow Magazine articles from February 1992

Corporate Cashflow Magazine archives from February 1992

Investors scurry to keep returns aloft in rate down draft. (low levels of return on US Treasuries affect corporate cash management) (Trends)
February 1, 1992... U.S. Treasuries, long a staple of short-term investing, are reaching unacceptable levels of return--as low as 3% after tax--leaving investors of corporate cash in a quandary. How can they make cash work productively and still protect safety...

Test key processors' recovery plans before disaster hits. (backup recovery systems of payment processors and communications networks) (Trends)
February 1, 1992... Disaster recovery systems are required of banks, payment processors and communications systems, including electronic data interchange networks. However, standards are unreliable. Treasury managers can do themselves a favor by reviewing "what...

Global investing takes savvy custody to preserve profits. (pension fund management by global custodians) (Trends)
February 1, 1992... As U.S. pension plans add international assets, the idiosyncrasies of foreign transactions and taxation threaten to diminish returns and require special scrutiny. An eccentric assortment of international tax rates on dividend and interest...

Cutting work force calls for treasury role in planning. (Trends)
February 1, 1992... What, when and how companies pay to get rid of employees has become a critical cash-flow issue in this era of work-force downsizing. Options come with different price tags and payout timetables, each with advantages and drawbacks. Despite...

Regulatory thaw could revive bank real estate lending. (Trends)
February 1, 1992... The Office of the Comptroller of the Currency (OCC), the regulator of all national banks and, in the minds of many bankers and economists, the chief culprit of the real estate credit crunch, is trying to thaw part of the deep freeze its...

Losses mount as owners seek allies in battle to clean up. (rising cost of risk management resulting from environmental cleanups) (Trends)
February 1, 1992... As Americans watched oil fields burn in Kuwait, the need for environmental cleanup and its staggering cost were driven home starkly. Corporate risk managers could find their financial reserves going up in smoke as more and more businesses are...

Use credit pros to check out vendors, financial execs say. (running a credit check on vendors) (Trends)
February 1, 1992... Just as bad as the bankruptcy of a major customer who owes you money is the bankruptcy of a major supplier who has provided you with vital, hard-to-duplicate goods or services. As the continuing recession puts financial pressure on vendors...

Peddling equity in a sputtering market. (new equity issues market of 1991) (Cover Story)
February 1, 1992... On November 22, the Stop & Shop Companies Inc. of Braintree, MA, went ahead with a long-planned initial public offering to fund a reverse leveraged buy-out (take public a company formerly taken private in an LBO). One week earlier, the Dow...

Hedging strategy: choosing the right formula.
February 1, 1992... A company could be exposed to financial risk by adverse changes in three areas: * Interest rates, *Foreign currency exchange rates, or * Commodity prices. Not all companies face all of these risks, but most are exposed to one...

Don't get stung: make economic bee line for best risk retention strategy. (tisk management)
February 1, 1992... The optimal level of risk retention--the balance between the liability claims to be paid out of the treasury and those to be covered by an outside insurer--provides a balance between premium savings and assumed risk. Retaining too little risk...

Funding retiree health benefits: x-rays of future portfolios.
February 1, 1992... That thunderous explosion you just heard was the retiree medical time bomb going off. For years, consultants and clients have agreed that the liability of postretirement medical benefit plans is "a big number." Now tht the Statement of...

Ten steps toward getting health care expenses under control.
February 1, 1992... We live in times that call for fiscal restraint, tight expense control and prudent business planning. Yet in this environment health care costs stick out like the proverbial sore thumb. In 1990, for example, medical plan costs mushroomed by a...

How money market mutual funds use the yield curve. (Basis Points) (Column)
February 1, 1992... Jack earns his living painting abstracts. We own two of his paintings, bought while he was relatively unknown (and less expensive). "When I began painting," he once told me, "I'd complete a work, stand back to admire it and say,...

Congress punts, dooming substantive banking reforms. (Comprehensive Deposit Insurance Reform and Taxpayer Protection Act) (Washington Watch) (Column)
February 1, 1992... Last year's dim prospect has become this year's grim reality: there will be no substantive banking reform, no regulatory relief, no new powers, no enhanced financial or competitive strength. Faced with controversial choices, Congress elected to...

High yield, low risk among new security perks. (Preferred Equity Redemption Cumulative Stock or PERCS) (Capital Ideas) (Column)
February 1, 1992... A new form of convertible preferred security that has taken hold in the past six months can help some large corporations raise capital relatively inexpensively. That security, commonly know as Preferred Equity Redemption Cumulative Stock...