Corporate Treasury and Cash Management

Cover......Page 1
Contents......Page 6
List of Figures......Page 11
List of Tables......Page 14
Acknowledgements......Page 17
PART I Risk Management......Page 18
CHAPTER 1 Risk Management: Introduction......Page 20
CHAPTER 2 Treasury Policies for Debt, Foreign Exchange and Interest Rate Exposure Management......Page 42
CHAPTER 3 Debt Capacity......Page 72
PART II Financing Alternatives......Page 92
CHAPTER 4 Bank Finance......Page 94
CHAPTER 5 Bond Valuation and Credit Ratings......Page 119
CHAPTER 6 The Bond Markets......Page 137
CHAPTER 7 Specialist Financings: Asset Securitization......Page 162
PART III The Use of Derivatives to Manage Risk......Page 184
CHAPTER 8 An Outline of Options......Page 186
CHAPTER 9 Software in Investment Management Foreign Exchange (FX) Markets and Derivatives......Page 197
CHAPTER 10 Interest Rate Risk Derivatives and Their Use in Managing Financial Risk......Page 226
CHAPTER 11 Zero-Coupon Interest Rates, Forward–Forward Rates, Counterparty Exposure for Derivatives and Contracts for Derivatives......Page 255
CHAPTER 12 Risk Management Summary and Use of Derivatives......Page 274
PART IV Cash and Liquidity Management......Page 280
CHAPTER 13 Domestic Payment and Collection Instruments and Domestic Clearing......Page 282
CHAPTER 14 International Payments and Receipts......Page 303
CHAPTER 15 Pooling and Cash Concentration and Intercompany Netting......Page 317
CHAPTER 16 Liquidity Management......Page 338
PART V Managing the Treasury Department, Treasury Systems, Tax and Accounting......Page 366
CHAPTER 17 Managing the Treasury Function......Page 368
CHAPTER 18 Treasury Systems......Page 392
CHAPTER 19 Tax and Accounting......Page 401
APPENDIX LIBOR Fixings......Page 405
Glossary......Page 406
Index......Page 427
SPREADSHEETS......Page 433