Corporate Cashflow Magazine articles from January 1995

Corporate Cashflow Magazine archives from January 1995

Banks wire together accounts to merge deposit reporting.
January 1, 1995... Until recently, companies with multiple locations had to deposit funds in separate accounts at each site, complicating the job of tracking their deposit activity. Recent advances in deposit reconcilement services now allow corporate treasury...

Information gateways expedite handling of letters of credit.
January 1, 1995... At Medline Industries Inc., a Mundelein, IL, importer of surgical gloves and other low-tech medical supplies, servicing customers depends heavily on getting out import letters of credit quickly and easily. Medline issues as many as 10 import...

Political risk coverage shores up bets in Europe's "Wild East."
January 1, 1995... Before your company decides to stake a claim in Europe's "Wild, Wild East," risk managers must investigate the risks and regulations which vary from country to country. Whether you plan to export or build, you'll want to consider political risk...

Issuers turn to structured notes to cut funding costs.
January 1, 1995... Issuance of structured notes, once limited to quasi-governmental agencies like the World Bank, has spread to the corporate world. Owens Corning, Pepsi and McDonald's are now among the active issuers. One market expert estimates that 40% of the...

Competitive squeeze gets banks to offer longer term loans.
January 1, 1995... Loaded with capital, stung by losses in bond portfolios and hard pressed to compete with Wall Street, commercial banks are venturing into making longer term loans to below-investment-grade borrowers. It's about time. The dangers have been...

LBOs make comeback but structures have new, '90s look. (leveraged buyout)
January 1, 1995... Kohlberg Kravis Roberts' recent buy-out offer for Borden shows how much the LBO market has changed. Once legendary for its aggressiveness, KKR meekly offered to pay for Borden with stock from its most spectacular transaction, the 1989 leveraged...

In-house banks key to netting, cost cutting, FX control. (foreign exchange)
January 1, 1995... One of the business buzzwords of the 1990s is outsourcing--contracting out extraneous activities in an effort to concentrate on a core business. While outsourcing can significantly reduce operating costs, in many cases the logic used to support...

Yield-boosting strategy immune to rate hikes. (includes related article)
January 1, 1995... Yield enhancement is most suitable for corporations that maintain cash as a balance sheet item or that have a continuous or cyclical stream of excess cash. Leveraged, market-neutral, government bond spread trading has been the ideal...

Risk averse or tolerant? companies must choose.
January 1, 1995... Risk management has evolved into a business tool that helps top management and financial executives protect assets and preserve or augment cash flow. Once viewed as an "insurance buyer" with limited financial insight, the risk manager now has...

Credit reform (at last) promises business creditors a better deal. (Washington Watch)
January 1, 1995... When Congress passed the "Bankruptcy Reform Act of 1994" shortly before adjourning in October, it made the first major revisions to the code since 1978. "We applaud this package," says David Young, vice president of corporate credit for...

Rising fees, hostile takeovers signal hotter M&A market. (mergers and acquisitions)
January 1, 1995... Leonard I. Green, founding partner of Leonard Green & Partners, Los Angeles, calls 1994 the second best year ever for mergers and acquisitions. Although the pace is less frenzied than that of the late '80s, 1994, at press time, seemed likely to...

Finding the best way to concentrate cash. (includes related article) (Treasury Foundations)
January 1, 1995... Cash concentration--the process of moving dispersed bank deposits to one central account where the cash will be easier to use--is an essential component of efficient treasury operations for most companies and one treasury staff must master....

Cashing in on stock options. (includes related article) (The Tax-Savvy Treasurer)
January 1, 1995... Stock options play a big part in executive compensation. First, they let companies reward employees without any cash outflow. In fact, the tax deductions allowed for certain stock options can result in cash inflow, as we will see later....

Fresh blood, new challenges winning growth combination. (interview with Ameritech Corp. CFO Oren G. Schaffer) (Stepping Up) (Interview)
January 1, 1995... Oren G. Shaffer, named chief financial officer of Chicago's Ameritech Corp. last October, returned to the corporate ranks after a term as president of Virgo Cap, a private, international investment firm based in Naples, FL. Previously, he...