Corporate Cashflow Magazine articles from October 1993

Corporate Cashflow Magazine archives from October 1993

Sweep accounts vacuum up all cash, lighten treasury load. (Trends: Cash Management)
October 1, 1993... It's five o'clock. Do you know where your cash is? "It's all invested," you say. Don't be so sure. Even sophisticated corporations may have thousands--even millions of dollars--sitting idle overnight in demand deposit accounts. To...

T&E payment options trim reconciliation efforts, boost float. (travel and entertainment) (Trends: Cash Management)
October 1, 1993... Paying early contradicts good cash management. Yet companies routinely do it for travel and entertainment expenses when they issue cash advances or reimburse employees for items they have charged to their own credit cards. Companies...

Companies in no rush to insure against employment claims. (Trends: Risk Management)
October 1, 1993... Despite speculation that the 1991 Civil Rights Act and the 1992 Americans with Disabilities Act would usher in a host of discrimination lawsuits, employers have reacted to the threat with a distinct lack of alarm. Consultants report that...

Choosing an index reflects objectives in emerging markets. (Trends: Investments & Benefits)
October 1, 1993... As pension plan sponsors shape criteria for investing in emerging foreign markets, picking the right benchmark becomes a crucial decision. Three indices are commonly used--Morgan Stanley Capital Investments, Baring and International...

Admitting violations in IRS VCR program can deter sanctions. (Voluntary Compliance Resolution) (Trends: Investments & Benefits)
October 1, 1993... A rigorous reivew of pension plan operations may be the alternative to costly sanctions and possible plan disqualification by the Internal Revenue Service. If compliance problems are discovered, apply quickly for the IRS's Voluntary...

Defined benefit plans: is the pension king in check? (includes related article) (Cover Story)
October 1, 1993... Players rethink pension stratgies as defined benfit plans outperform popular defined contibution plans. Shut down that defined benefit pension plan, put in a less-costly 401 (k), and your employees will love you for it. "They will ask,...

Building retirement security: floor plan for a new 401(k) income fund.
October 1, 1993... Like other corporations, we review the make-up of our 401(k) Income Fund periodically. In our most recent review, several important questions were raised: * Did we want to retain guaranteed investment contracts (GICs) in our 401(k)...

Single-price format aids financing: why Dutch auctions are flowering.
October 1, 1993... Developed in the 1600s to guarantee the rapid sale of perishable tulip bulbs, the Dutch or single-price auction was first used in modern times in 1984 to facilitate the issuance of preferred stock to cash managers. While attracted to the...

Capture remittance data to streamline receivables processing. (includes related articles)
October 1, 1993... Corporate treasuries have long used lockboxes to speed up their processing of accounts receivable. Traditionally, the emphasis has been on capturing funds as quickly as possible, with the information treated as a less urgent matter. ...

Add value with currency solutions.
October 1, 1993... Knowledgeable twists give pension investors solid rewards for playing the foreign exchange market. International investing by U.S. institutions is growing at a record pace, due in no small measure to techniques that help manage foreign...

Latest gadgets: duration as a measure of interest rate risk. (Basis Points) (Column)
October 1, 1993... Consumer electronic marvels were everywhere as I walked with Kathy across the crowded showroom toward her office. A young man in headphones was bobbing to the beat of the pulsating buzz that in his ears was rich, throbbing music. For an...

Marriott split triggers howls from bond holders, calls for covenants. (Capital Ideas) (Column)
October 1, 1993... Like Pandora and her proverbial box, the management of Marriott Corp., Washington, DC, may not have known what it was opening up when it announced an unusual division of the company. The move has enranged Marriott debt holders, invited a...

Treasuries brace for fallout from deficit reduction bill. (Washington Watch) (Column)
October 1, 1993... Despite the political compromises, Republican denouncements and razor-thin margin of victory, the Clinton budget package, which claims to reduce the federal deficit by nearly $500 billion over the next five years, was welcomed by the capital...