Corporate Cashflow Magazine articles from September 1991

Corporate Cashflow Magazine archives from September 1991

Wall St. Rapunzel offers access to capital markets tower. (new type of asset-backed commercial paper)
September 1, 1991... A new type of asset-backed commercial paper issued by special-purpose corporations is giving more and more companies a shot at near-A1P1 commercial paper rates--without having to qualify as a CP issuer or ante up receivables or collateral. ...

'Ideal' market revs up drive to convertible issues.
September 1, 1991... The convertibles market exploded during this year's first half, as many corporations sought to take advantage of market conditions considered ideal for convertibles: rising equity prices and low interest rates. Indeed, the number of...

New regs on choices, transfers may force 401(k) plan changes. (salary-reduction savings plans)
September 1, 1991... The popular 401(k) defined contribution retirement plan which allows employees to contribute pretax dollars, frequently linked to company contributions, may become a corporate headache if the Department of Labor's proposed 404(c) regulations...

Firms prefund to shield execs' excess pension benefits. (guarantees for non-qualified benefits of top executives)
September 1, 1991... A few firms are upping the ante in executive perks by funding and guaranteeing excess pension benefits for their top officials. Unlike rank and file employees, whole pension benefits are provided through qualified plans, most highly paid...

Rebounding Latins offer passing chance for high cash yields. (Mexican and Spanish government treasury bills)
September 1, 1991... It's not the cash management vehicle for everyone. In fact, its appeal may be very limited. But any two-day investment that generates returns of 9% or better deserves at least passing attention. With global financial situations changing...

Off-, onshore sites vie for captives as growth continues. (captive insurance companies as an alternative to commercial insurers)
September 1, 1991... Although the next hard insurance market may be years away, forming captives as an alternative to commercial insurers continues to rise. Insurance captives in Bermuda have been around since the late 1950s, and in the United States since the...

Use yield spreads to score birdies. (portfolio management)
September 1, 1991... Yield spreads offer treasury managers a critical tool for making effective investment decisions. Historical spreads gauge the relative attractiveness of investment alternatives and indicate the market consensus on near-term prospects for...

Hybrid security comes to life: 0-coupon convertibles soar. (zero-coupon convertible securities)
September 1, 1991... The boom in new-issue financings has brought $261.9 billion into issuer's treasuries in the first half of the year, up 58.5% from the same period of 1990. Among the securities, one type has made a particularly loud roar: all varieties of...

Techno-curtain rises on virtual treasury management.
September 1, 1991... In the 1860s, the Scottish physicist James Clerk Maxwell experimented with electricity and magnetism. From his work, other 19th-century physicists discovered a way to transmit electronic pulses through the air. They recognized that their...

Mortgage-backed securities: strong returns, uncertain maturity. (Basis Points) (column)
September 1, 1991... No investment strategy, however speculative or conservativ,e is without risk. The strategies described here rely on investment instruments backed by morgages. Their risk profiles differ from those of many money market instruments favored by...

Flight to quality benefits large firms. (corporate finance)(Capital Ideas) (column)
September 1, 1991... Large corporations with high credit ratings always have been able to secure funds at the most attractive rates. This year they are doubly blessed, benefitting from the flight to quality of both the capital markets and the lending institutions....

Congress takes aim at annuity quality. (Washington Watch) (column)
September 1, 1991... First the savings and loans went belly-up, consuming billions of taxpayers' dollars. Then came the commercial banking crisis, reducing credit needed to stimulate a business recovery. New, the tide of financial instability has reached the...