Corporate Cashflow Magazine articles from July 1995

Corporate Cashflow Magazine archives from July 1995

If Social Security falls for corporate stocks.(Editorial)
July 1, 1995... Think about it. The national enthusiasm for shrinking the government, turning to free market solutions and privatizing stagnant bureaucracies has now reached the vaunted Social Security System, which will start operating in the red by 2015 and go...

Same-day sweeps help banks control short-term assets. (cash management)
July 1, 1995... Cash management banks are raising the ante in the high-stakes battle for control of short-term assets by offering late-day sweeps, sometimes into proprietary money market funds. Traditionally, corporations with excess cash at the end of the day...

FX trading window stretched to 16 hours as demand grows. (foreign exchange)
July 1, 1995... Sharply increased volatility in the foreign exchange markets is sparking an increase in corporate demand for extended operating hours in multicurrency bank accounts, as well as better risk management tools. Currency swings that took place over a...

Revolvers lengthen as 364-day discount disappears. (banks' revolving credit)
July 1, 1995... Banks are taking down the price fences that corralled treasury managers into 364-day revolving credit facilities, and treasury managers are taking advantage of the freedom to move to longer maturities for close to the same price. The magic...

Property loss control audits keep insurance costs in check.
July 1, 1995... As property and casualty insurance companies stagger back from a 40% decline in income last year, prudent risk managers are auditing their property loss control programs in anticipation of shrinking insurance coverage. "Rising property damage...

DOL revives popular amnesty plan for late 5500 filers. (Department of Labor)
July 1, 1995... The Department of Labor (DOL) renewed its popular 1992 amnesty program for late filers of employee benefit annual reports. The fees have been raised slightly from 1992 levels but are substantially lower than the penalties DOL has the authority to...

High-performance collections: six A/R breakthroughs. (accounts receivable)(Cover Story)
July 1, 1995... Under the banner of re-engineering, treasury departments have launched bold efforts to bring efficiencies to all aspects of their operations and to create dramatic gains in operating and financial performance and customer service. Near the top...

Basic hedging tool kit. (treasury and derivatives)
July 1, 1995... Hedging should be seen as a way to reduce the number of variables that affect profitability. "Hedging Made Easy" sounds a little like "Brain Surgery While U Wait" - laughable because neither seems open to simple treatment. To judge by recent...

Technology provides competitive edge. (managing accounts receivables)
July 1, 1995... As companies continue to seek new ways to cut costs, increase productivity and improve customer service, technology becomes the great enabler. New technology provides the tools corporations need not only to automate existing processes and...

Cheers and jeers for put bonds.
July 1, 1995... Fred Sherrill, capital markets vice president at CS First Boston, describes garnishing long-maturity bond offerings with put options as a first-rate financing strategy. "Another weapon in the arsenal of a corporate treasurer trying to raise...

Cuts in banks' FDIC premiums should mean corporate savings. (Federal Deposit Insurance Corp.)
July 1, 1995... The 1990 savings and loan debacle brought banks under intense scrutiny. With bank failures mounting and the Bank Insurance Fund some $7 billion short of the projected liquidations it would have to cover, some skeptics warned of a bankrupt BIF and...

Do-it-yourself guide for a cheap investor relations program.
July 1, 1995... Our presentation, in my humble opinion, was a stunning success. We'd prepared carefully, learning a lot about Mr. Jones and his mid-sized company, and we'd laid out for him a crackerjack investor relations program well tailored to solving his...