Corporate Cashflow Magazine articles from September 1995

Corporate Cashflow Magazine archives from September 1995

Issuers fight T+3 trend to faceless street-name investors.
September 1, 1995... The small but loyal band of registered stock owners is likely to shrink under the newly implemented T+3 settlement rule unless treasury managers and investor relations directors make it easier to purchase stock directly from the issuing company...

Die-hards keep X12 alive, aligned with EDIFACT. (Electronic Data Interchange for Administration, Commerce and Transport)
September 1, 1995... After several years of intense discussion on transaction syntax and other arcane issues, the American National Standards Institute's Accredited Standards Committee (ASC) X12 decided, at a critical June meeting in Birmingham, AL, to let the...

Captive surge brings need for customized cash management. (insurance captives)
September 1, 1995... Insurance captives have become a growth industry. At one time, they were formed in desperation when coverage from commercial carriers became unavailable. Captive formations typically peaked during recessions, when insurers were trying to minimize...

Lawsuits increase as intellectual property definitions change.
September 1, 1995... The rise in intellectual property lawsuits is causing companies to reexamine the standard advertising injury clause of their comprehensive general liability policies. Intellectual property - protected by copyrights, patents and trademarks - no...

Coalition seeks quality data to cut health costs.
September 1, 1995... Convinced that quality and cost-cutting go hand-in-hand where health care is concerned, a group of large employers is seeking a reliable way to measure medical outcomes and report which health providers deliver the best service. Responding to...

Image technology brings lockbox breakthroughs. (includes related article)
September 1, 1995... In the hotly competitive direct marketing business, profit margins can be as thin as the promotional fliers mailing firms stuff into consumers' mailboxes every week. Every opportunity to shave costs is an opportunity to enhance net revenues....

Purchasing cards trip over tax reporting.
September 1, 1995... Purchasing card programs are among the hottest new strategies for cutting corporate expenses and streamlining basic operations. These programs dramatically reduce the time and labor traditionally required to process small-dollar purchase...

Effective strategies turn policies, instruments into payoffs.
September 1, 1995... How two corporate treasuries reap tangible benefits from using derivatives Policies, instruments and contracts, covered in the three previous installments of this series, are tools - only potentially useful until real financial managers use...

Liability driven asset allocation.
September 1, 1995... How to minimize the corporate contribution, not maximize the return on assets, of a defined benefit plan. American pension plans rely on Markowitz portfolio optimization as a "safety net." After all, it scientifically measures risk/return and...

Staffing a productive treasury department.(Panel Discussion)
September 1, 1995... Brian Lords, director of finance at Nu Skin International, Provo, UT, wanted to know how to structure a treasury department. He gets guidance from Nicholas Iuanow, treasurer of Thiokol Corp., a $1 billion aeorspace company, Ogden, UT, and Dennis...

Pension simplification gains support, but major obstacles remain.
September 1, 1995... After more than eight years, pension simplification remains on hold. The latest attempt, introduced in July, may also founder, despite broad bipartisan support. Pension managers say simplification is needed more than ever. "Layers upon layers...

Lenders wheel and borrowers deal.
September 1, 1995... Today's credit climate is as good as it gets - almost. Though the prime rate has nowhere to go but down, there are indications that the pricing of investment-grade credits has reached the floor, or close to it, with no major escalation in the tea...

How to set the daily cash position.
September 1, 1995... How can professionals who are new to the treasury field learn to set their companies' daily cash positions? Largely by monitoring and controlling the inflows and outflows of cash. Most companies make it more cumbersome and complicated than it...

Of plunderers and plunderees: protecting treasury treasures.
September 1, 1995... Given our current inclination toward politically correct labels, if he were working today we'd probably call him a "financial free-spirit." However, when Willie Sutton plied his trade in the '40s and early '50s, he was just a bank robber, albeit...