Cash & Liquidity Management

Three Degrees of Liquidity

The recent market turmoil has increased the focus in terms of liquidity management for treasurers. In Issue 179's Leader article, Jason Singer explains how a straightforward division of liquidity into three categories - primary, secondary, and tertiary - can reap instant rewards and provide a more stable balance between return, risk, and liquidity.

The article investigates how unfolding market events and evolving technology should prompt treasurers to review their policies on a regular basis, and that by dividing liquidity into three categories the process of reviewing and improving a company's risk management policies can become much more than a one-off project.

In addition to this, the article examines the use of Money Market Funds for their short-term investment strategy.

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