Corporate Cashflow Magazine articles from January 1996

Corporate Cashflow Magazine archives from January 1996

Unbalanced ways to a balanced budget.(Editorial)
January 1, 1996... Do corporate treasury managers have a stake in the competing proposals to cut federal spending, cut federal taxes and balance the budget in seven years - and in the November electoral showdown that is motivating the plans and the posturing?...

IR pros tap Internet to reach investors, track rumors. (investor relations professionals)
January 1, 1996... Investor relations pros are finding a new and potentially cheaper way to reach investors by plugging into the burgeoning Internet and the World-Wide Web. They are using it to detect and dispel rumors and to disseminate operations and financial...

IR action bolsters stock price after merger news. (investor relations)
January 1, 1996... The company is doing well, so its stock price is riding high. Then company executives negotiate a major merger, one they think is a good match and a shrewd strategic move toward becoming an industry leader. But the stock price drops 10% when the...

ACH project to aid U.S.-Canada cross-border EFT. (automated clearing house for cross-border electronic fund transfers)
January 1, 1996... The 1993 North American Free Trade Agreement opened the door to expanded commerce among Canada, Mexico and the United States. While the full effects of NAFTA won't be felt for some time, a pressing concern for U.S. and Canadian treasury managers...

Treasury pros wring yield from cash in a low-rate environment.
January 1, 1996... In spite of low interest rates, corporate cash is gaining respect as a financial asset. At least some treasury managers are getting more adept at squeezing yield out of their cash reserves, and more firms are venturing into money market funds....

Automate collections to raise cash flow, staff efficiency.
January 1, 1996... Companies are discovering they can extract additional cash from their accounts receivable portfolio by automating collections. Until five years ago, no off-the-shelf software was dedicated to this task. Credit departments that automated...

401(k) participants get defined benefit investment options.
January 1, 1996... Xerox Corp., Stamford, CT, was so pleased with its multi-manager approach to defined benefit (DB) plan investing that pension executives there decided to share these benefits with savings plan participants. Before a plan redesign two years ago,...

TMA links CCM to college courses. (Treasury Management Association; certified cash management credential)
January 1, 1996... Long neglected by U.S. colleges and universities, working capital management now will be offered by several of them, in collaboration with the Treasury Management Association (TMA), Bethesda, MD. A graduate-level class, which will prepare...

Risk managers win as insurance field turns to the Internet.
January 1, 1996... Enticed by low costs and the promise of global exposure, the insurance and risk management industry is scrambling to establish a presence on the Internet. Risk managers could be the winners. The Internet will impact the way the insurance...

Cash flow ratio gains respect as useful tool for credit rating.
January 1, 1996... Fitch Investors Service, the Wall Street rating agency, introduced a new measure of credit quality two years ago with its cash flow adequacy ratio (CFAR, pronounced "see far"). When Fitch analysts Thomas W. Hoens and Keith B. Foley postulated...

Review old asset securitization deals to pick underwriter.
January 1, 1996... Carrying out a successful asset securitization - one that raises the most money at the least cost and keeps investors happy and willing to invest again, means picking the right underwriter, trustee, rating agency and servicer. Asset...

Flying high: inventive use of purchasing cards tied to ability to deliver data. (includes related articles)(Cover Story)
January 1, 1996... Card-issuing corporations are pushing creatively to find more powerful uses. Resistance comes from the merchant reporting mechanism, which all too often is stuck in the Level I data reporting stage. Find out how competing card companies would...

Cracking the whip: derivatives under control.
January 1, 1996... Calculate and apply value at risk (VAR) measures so they fit your company. Then clean up fatally vague corporate risk policies that fail to define key terms like "hedge," "speculate" and "anticipated." Be sure you put in place all the pieces of a...

Artful financial statements: required disclosures imperil trade secrets.
January 1, 1996... Broad-brush SOP 94-6 has financial execs shading financial portraits so they can meet new accounting disclosure requirements without giving away competitive secrets. Imagine having to disclose that your company soon could be stuck with...

Commerce Department expands export support programs.
January 1, 1996... Louisville-based Salem Tool, a manufacturer of coal mining equipment, last year sold $2.2 million worth of goods to Indonesia and expects to enter the Australian market within the next 12 months. Such progress could not have been possible, the...

Leasing leaps forward as favored financing tool.
January 1, 1996... If cost were all that mattered, little or no capital equipment would be leased. But despite its high prices, leasing is one of the fastest growing segments of the U.S. financial services industry. Consider: The $147 billion in new capital...