Articles > TMI Magazine > TMI Issue 157 - July/Aug 2007

TMI Issue 157 - July/Aug 2007

TMI Issue 157 - July/Aug 2007

Corporate Issuance of Hybrid Capital

The issuance of Hybrid Capital, or subordinated bonds, is well-established amongst banks as a way of raising capital without impacting on existing shareholders and bondholders. In the case of financial institutions, it is frequently referred to as ‘innovative tier one capital’. Insurance companies too have increasingly used hybrid capital but it is only in recent years that issuance amongst corporates has grown substantially.

Special Feature

 Subordinate Loses Secondary Status: Corporate Issuance of Hybrid Capital

by Helen Sanders, Editor

 Guide to East European Cash Management

Best Practice Articles

 Corporate Hybrid Capital

by Christoph Klaper, RZB Group

 Harmonized Standards For Minimum Term Of Hybrid Capital Issues

by Scott Sprinzen, Scott Bugie, Solomon B Samson, Standard & Poor’s

 An Analytical Hedging Framework – Developing a Value-Added Approach to Risk Management

by Anders Aslund, Corporate Risk Advisory, and Mireille Meens, Head of Corporate Risk Advisory Benelux, Commerzbank

 Technology Innovation and Competitive Advantage in the Money Funds Market

by Mark Allen, Head of International Cash, Goldman Sachs Asset Management

 Global Visibility and Control at Group Treasury

by Sarah Boyce, Director of Treasury, Cadbury Schweppes

 Innovation in On-Line Payments

by Brent Bellm, Managing Director, Europe, PayPal

 A New Entrant to the Treasury Technology Market: Arlington Securities’ Experience

by James Cornell, Treasurer, Arlington Securities


 Integrated Supply Chain Management to Drive Business Growth

by Luc Caulier, CEO, Supply Chain and Cash Management

 International news and People in Focus


 Adding Value to the Treasury Profession

by Helen Sanders, Editor, TMI

 EACT News


 EACT News

Gianfranco Tabasso, Chairman, EACT Payment Commission

 Executive Briefing


Other Articles

 Investing in Belgium Today

by Jean-Yves Dopchie, Secretary General, Forum187

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