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21 July 2008

Cancelling your Holiday? Think Again

Cash & Liquidity Management 10 Min Read

...types. Jason Singer, (GSAM) summarises, “Yes, clients of all types are looking to mitigate counterparty exposure.” Jonathan Curry, Managing Director, Head of European Cash Management, Barclays Global Investors (BGI) emphasises,...

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article

21 July 2008

Trends in Supply Chain Finance

Cash & Liquidity Management 10 Min Read

...working capital released by SCF programmes were: Retailers (82%), Automotive (75%), Manufacturing Industry (74%), Electronics (70%), Food and Drink (62%), Pharmaceuticals (61%), Distribution (56%), Heavy Equipment (53%) and Technology (51%)....

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article

21 July 2008

Brunei Darussalam

Cash & Liquidity Management 10 Min Read

...government’s revenue, Brunei is known as the Kuwait of the East. The country’s oil and gas export partners are Japan (30.5%), Indonesia (19.9%), South Korea (14.9%), Australia (11.5%) and United...

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article

21 July 2008

Using Money Market Funds during Economic Instability

Cash & Liquidity Management 25 Min Read

...are finding it difficult to identify the time horizon for investment. IMMFA money market funds have exceeded €440bn (or $600bn) in 2008 despite the current crisis. Like all companies, we...

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article

1 July 2008

Using Cash Flow Risk Modelling to Add Value: a case study

Cash & Liquidity Management 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...

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article

1 July 2008

ACTSA Anniversary Edition

Uncategorised 8 Min Read

...a committee – comprising Bill Tait (Barlow Rand), Francois Botha (Escom), Marius Ferreira (Gencor), Graham Holford (Anglo American), Bruce Sinclair (SAB), Russell Harte and Tim Store (Deloitte) Fortunately they were...

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article

1 July 2008

A Methodology for Adding Value to Business Unit Performance Through the Management of Financial Risk Variables

Cash & Liquidity Management 15 Min Read

...example: variances from budget; impact on earnings before interest, taxes, depreciation and amortisation (EBITDA); profit and loss that will be reflected in the financial statements; taxation; impact on cash flows...

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article

1 July 2008

Mobile Telecoms in Africa

Uncategorised 8 Min Read

...message. Elsewhere, successful trials in 3G television and DVB-H (digital video broadcasting-handheld) have ended in South Africa, Nigeria, Egypt and Kenya, and are expected to result in commercial rollout. Concomitantly,...

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article

1 July 2008

Employee Stock Options

Banking 11 Min Read

...than those far from vesting). References Zvi Bodie, Robert S. Kaplan, and Robert C. Merton. For the last time: Stock options are an expense. Harvard Business Review, 2003. Jennifer N....

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article

1 June 2008

Satisfied or Your Money Back — are you satisfied with your treasurer?

Treasury Strategy & Transformation 6 Min Read

.... For further details, please contact EuroFinance (businessunitsurvey@eurofinance.com) or go online to www.eurofinance.com to participate. We are pleased with this initiative and with the agreement to participate in this exercise...

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article

1 June 2008

Pitfalls of Hedge Effectiveness Testing

Treasury Strategy & Transformation 7 Min Read

...is unlikely to happen for well-designed hedge relationships. References: Ernst & Young (2007), Hedge effectiveness: regression analysis Kalotay, A. and L. Abreo (2001), Testing Hedge Effectiveness for FAS 133: The...

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article

1 June 2008

State and Trends of the Carbon Market 2008

Uncategorised 15 Min Read

...CER registration and issuances grew (see below), the carbon market innovated by providing portfolio-based guarantees. In these transactions, a secondary seller, typically a market aggregator, sold guaranteed CER (gCER) contracts...

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