Corporate Cashflow Magazine articles from January 1993

Corporate Cashflow Magazine archives from January 1993

Receivables-backed financing plan offers rates at, below prime. (Trends)
January 1, 1993... Under an innovative arrangement, Chase Manhattan Bank is advancing Presbyterian Hospital, New York, approximately $60 million in working capital against its accounts receivable. The rate--hovering right around prime--is significantly lower than...

Mutual funds offer advantages to some pension sponsors. (Trends)
January 1, 1993... Mutual funds with an institutional bias are giving smaller pension plans access to investment strategies and performance enjoyed by large funds at no greater cost than a traditional managed account. These are not the familiar funds for retail...

Hands-off management: automating the downsized treasury. (Cover Story)
January 1, 1993... Treasuries often hear that new technology or automation is the answer. But what is the question? In any organization, finding the right answers depends on asking the right questions. To determine if new technologies or automation strategies are...

Miscalculated premiums cause workers' comp overcharges.
January 1, 1993... Check premiums computation carefully; almost half of all buyers pay too much. Companies that cover workers' compensation with commercial insurance don't need to be told that premiums have been rising sharply; they reached an estimated $62...

Protect global strategies: treasury, accounting must work together to fashion foreign exchange hedging strategy.
January 1, 1993... The 1990s are bringing businesses of all sizes into the arena of global competition. As economic success or failure comes to depend increasingly on foreign markets, more treasury managers must understand the international medium of exchange, "the...

Put cash portfolios under sail: to discover profits, set course, don't loiter in harbor.
January 1, 1993... The real risk is failing to reach goals, not the possibility of an accounting loss. Low interest rates are calling into question quite a few popular conceptions of the "cash" that corporate treasuries manage. Plummeting returns have caused...

Corporate vs. retail perspectives on CMOs. (collateralized mortgage obligations) (Basis Points) (Column)
January 1, 1993... "Objects in the mirror may be closer than they appear." I had deliberately found a car dealer outside the metropolitan area on the grounds that "everything costs more in San Francisco." Did I get a good deal? I had plenty of time to ponder this...

How the Clinton presidency will hit corporate treasuries. (Washington Watch) (Column)
January 1, 1993... President-elect Bill Clinton and the capital markets are courting one another, but it's too soon to say whether a lasting romance will blossom. One stray move by Mr. Clinton, like a deficit-ignoring economic stimulation package, could send stock...

Junk market surge to level off in new year. (Capital Ideas) (Column)
January 1, 1993... The junk bond market was re-born last year, allowing many below-investment-grade companies to access the public debt markets and refinance previously-assumed debt on more favorable terms. The new-issue volume of high-yield bonds reached heights...

Quattro Pro provides easy linking for spreadsheet updates. (Software Review) (Treasury Technology) (Evaluation)
January 1, 1993... Growing technology brings new spreadsheet programs into the market, many of which seem easier to use and more efficient than Lotus. Last month we reviewed Microsoft Excel 4.0; this month, we'll examine Quattro Pro for Windows 1.O, another Lotus...