July 2008 15 Min Read
A Methodology for Adding Value to Business Unit Performance Through the Management of Financial Risk Variables by Nigel Grey, Treasury Manager, De Beers Group Companies today face a multiplicity of obstacles in their quest to achieve the returns on capital required by...
July 2008 8 Min Read
When Leverage Just Becomes Too Much by Willem Reitsma, Imperial Holdings, and Barry Martin, Debt Capital Markets team, Rand Merchant Bank Following a strategic decision taken by the Imperial Board during 2007, the integrated leasing and capital equipment division,...
July 2008 6 Min Read
Using Cash Flow Risk Modelling to Add Value: a case study by Professor Evan Gilbert, Associate Professor (Finance), Graduate School of Business, University of Cape Town Using a Monte Carlo cash flow risk model for a bulk chemicals producer in South Africa we identified...
June 2008 5 Min Read
Constant Net Asset Value MMFs and the Financial Crisis by Kathryn Kerle, Vice President – Senior Credit Officer, Moody’s Investors Service Since August 2007, the financial markets have been roiled by distress in the U.S. sub-prime mortgage sector, volatility in...
June 2008 7 Min Read
The Intrepid Treasurers’ Guide to Enhancing Return on Equity by Helen Sanders, Editor The credit crunch has dominated the financial headlines for what seems like an eternity. Although it must (surely!) end eventually, in the meantime treasurers are having to hold...
June 2008 5 Min Read
Enhancing Balance Sheet Efficiency by Richard Bartlett, Head of Corporate Debt Capital Markets, RBS The growth of private equity (PE) fundraising, which increased every year between 2002 and 2007, and exceeded $100 bn in 2007, has been phenomenal. PE investors led the vast...
June 2008 5 Min Read
Successful Eurobond Issuance in 2008 By Mark Dodd, Managing Director, Co Head of Global Corporate Syndicateand Tim Muehlenbach, Director, Debt Markets Group, European Corporate Origination, RBS One of the most significant outcomes of the credit crisis is, without...
June 2008 13 Min Read
Optimising Working Capital at Numico by Albert Hollema, VP Treasury, and Ramon Tolk, Treasury Accountant, Numico Numico is a high growth, high margin, specialist baby food and clinical nutrition company, acquired by Danone in October 2007. Acknowledged as the European and...
June 2008 8 Min Read
Money Market Funds: A liquid asset in volatile markets Normally, the summer is a time for relaxation and enjoyment… but not the summer of 2007!! The fallout and repercussions of the turmoil in financial markets continue, and as yet, there is no light at the end of the...
June 2008 9 Min Read
The Time is Now for Money Market Funds Helen Sanders, Editor Regular readers of TMI’s annual Money Market Funds Guides will have witnessed the almost meteoric rise in the popularity and acceptance of money market funds (MMFs), growing from US domestic instruments to...
June 2008 4 Min Read
Cash as a Strategic Asset As investors take a more active approach to their short-term portfolios, they must balance the potential for enhanced returns against risk and liquidity considerations. Cash, a previously under-utilised and overlooked component of most investment...
June 2008 5 Min Read
Boosting Returns with UK Prime Mortgage-Backed-Securities An Interview with Matthew Tatnell, Manager, Aaa-rated Sterling Liquidity Fund and Sterling Liquidity Enhanced Fund, Morley The Institutional Money Market Fund Association (IMMFA) recently announced that money market...
