Corporate Cashflow Magazine articles from November 1994

Corporate Cashflow Magazine archives from November 1994

Growing cash surplus spurs move to use outside managers.
November 1, 1994... Treasury managers are turning to external money managers to invest cash reserves, say industry consultants, who link this trend to the broader move to outsource labor-intensive activities. Rising interest rates over the first nine months of the...

Expanded TMA codes, electronic delivery boost bank analysis. (Treasury Management Association)
November 1, 1994... Expanded bank service codes issued last November by the Treasury Management Association (TMA) already are being transmitted electronically by a handful of banks. Receiving corporations say they can use the data to reduce both staff and banking...

New tactic offers way to convert DC to DB benefits. (defined contribution; defined benefits)
November 1, 1994... Employers soon may permit employees to turn their defined contribution (DC) balances into defined benefits administered through an existing pension plan. J.P. Morgan has introduced such a vehicle, called Additional Lifetime Pension (ALP)....

Passive investing gains favor for fixed-income assets.
November 1, 1994... Wider use of passive investing for fixed-income assets could save pension plans management fees at a time when some experts question active managers' ability to deliver incremental value. "In a rising interest-rate environment, opportunities to...

Kickers (but not always equity) aid private placements.
November 1, 1994... Traditionally, private debt placements for companies rated B or lower contained equity kickers--commonly warrants for 5-10% of the company. It was not possible to get the transaction done without them. A typical example is the J.M. Peters deal,...

Controlled disbursement jumps into new waters. (Cover Story)
November 1, 1994... Controlled disbursement started as a miracle cure for corporate check payments. By signing up for the service, you could take the guesswork out of forecasting check clearing totals and make investment and borrowing decisions with new confidence....

Imaging, lockbox electrify accounts receivable processing.
November 1, 1994... The accounts receivable manager in your company is challenged by the paperwork associated with billing and collections as he or she struggles to apply cash as quickly and inexpensively as possible. He or she also has to maintain document files...

Eli Lilly finds accounts payable flying high with plastic. (Eli Lilly and Co.)
November 1, 1994... For members of the accounts payable staff at Eli Lilly and Co., Indianapolis, 1994 could have been a bear. A voluntary early retirement program late in 1993 left the cadre of employees charged with processing invoices at about half its previous...

Completeness fund fortifies portfolio.
November 1, 1994... Is it possible to structure a team of investment managers so as to maximize their investment skill or value-added capability and at the same time minimize or control the fund's investment style risk? The answer is yes. The solution is a dynamic...

Economically-targeted investments to get administration push.
November 1, 1994... Using "infrastructure investment" and "fiduciary responsibility" in the same sentence has become popular syntax, at least in administration circles. The Clinton administration wants to see pension monies used to help build civic projects, but...

Painful lessons: derivative experiences in the '90s.
November 1, 1994... One of the most painful ways to learn a lesson is by making an expensive mistake. It hurts a lot less when someone else makes the mistake. Painful mistakes in derivatives management have piled up in the past year and a half; so have the...

Positive pay and PTDs: tools for combating check fraud. (payable through draft)
November 1, 1994... Welcome to "Treasury Foundations," a new column for the professional seeking ideas in treasury and cash management. On recent trips to Houston, Atlanta and Philadelphia, I came across news stories on check fraud. All the bad checks were written...

Size up state, local tax incentives before making a move.
November 1, 1994... Everyone knows that the taxmen "taketh away," but increasingly they "giveth" as well. In the pursuit of economic growth, state and local governments are reaching out to businesses as never before. Financial executives will find it rewarding to...

Litigants & bear raids: 'near-death' experience in investor relations.
November 1, 1994... For companies missing analysts' estimates by even a small margin, there is no ripcord to pull. Their stocks plummet in today's nervous and unforgiving market. All too often, that damage is followed almost immediately by shareholder litigation...