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Managing liquidity /
Managing cash flow, interest rates and relations with the bank are fundamentally issues for every business. This clear and concise guide is specifically designed to describe the fundamental decisions in liquidity management and set them in an overall business context.
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge :
Woodhead Publishing Limited,
1997.
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| Edición: | Second edition. |
| Colección: | International treasury management series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Managing Liquidity; Copyright Page; Table of Contents; Preface; Chapter 1. What is liquidity and how does it arise?; What is liquidity?; How does liquidity arise?; How does liquidity management fit into treasury policy?; The objectives of cash management policy; What are the objectives of short term investment management?; Liquidity in different industries; Chapter 2. Forecasting liquidity; The importance of the cash forecast; Uses of cash forecasts; Preparation of the cash forecast; Problems in groups; Obtaining the opening position and other data.
- Currencies and multinational groupsConclusion; Chapter 3. The management of uncertainty; Checking against past forecasts; How much liquidity is needed?; Chapter 4. Money transmission and bank services; Managing your banker; Bank products for money transmission and bank account management; Organising group bank accounts; Balance reporting systems; Conclusion; Chapter 5. The structure of interest rates and the yield curve; Bid and offer; LIBOR and basis points; Interest rates and the yield to maturity; Total yield; Yield and the yield curve; Disaggregation; Selecting an interest period.
- Interpreting the yield curve and taking a view on ratesRisk; Different interest rate bases; Chapter 6. Liquidity and the use of deposit and borrowing instruments; Deposit instruments; Different currencies; Obtaining and selling deposit instruments; Borrowing instruments; Marginal sources of liquidity; Obtaining borrowing instruments; Chapter 7. Interest rate risk: definition and management; What is risk?; Should interest rate risk be managed?; The measurement of interest rate risk; Setting interest rate policy; Chapter 8. Instruments for interest rate management; Forward forwards.
- Forward rate agreements (FRAs)Financial futures; Swaps and longer term instruments; Options; Caps, floors and collars; A note on taxation; Chapter 9. Liquidity management in practice; The general approach; Case studies; Conclusion; Chapter 10. Organising liquidity management; Treasury policy in context; Putting liquidity into practice; Dealing and controls; Glossary; Appendix: Useful calculations; Further reading; Index.