Corporate Treasury And Cash Management (finance And Capital Markets Series)

The book is an analysis of corporate treasury and cash management with the principal financial instruments used by the corporate treasurer. The objectives of the book are to describe how corporate treasury departments should establish a framework for the identity, measurement and management of risk and to describe how corporates should manage and control the operation of their treasury function. Robert Cooper brings his extensive experience as Corporate Treasurer of a large multinational to bear in this comprehensive work. Front Matter....Pages i-xvi Front Matter....Pages 1-1 Risk Management: Introduction....Pages 3-24 Treasury Policies for Debt, Foreign Exchange and Interest Rate Exposure Management....Pages 25-54 Debt Capacity....Pages 55-74 Front Matter....Pages 75-76 Bank Finance....Pages 77-101 Bond Valuation and Credit Ratings....Pages 102-119 The Bond Markets....Pages 120-144 Specialist Financings: Asset Securitization....Pages 145-165 Front Matter....Pages 167-167 An Outline of Options....Pages 169-179 Foreign Exchange (FX) Markets and Derivatives....Pages 180-208 Interest Rate Risk Derivatives and Their Use in Managing Financial Risk....Pages 209-237 Zero-Coupon Interest Rates, Forward-Forward Rates, Counterparty Exposure for Derivatives and Contracts for Derivatives....Pages 238-256 Risk Management Summary and Use of Derivatives....Pages 257-262 Front Matter....Pages 263-263 Domestic Payment and Collection Instruments and Domestic Clearing....Pages 265-285 International Payments and Receipts....Pages 286-299 Pooling and Cash Concentration and Intercompany Netting....Pages 300-320 Liquidity Management....Pages 321-347 Front Matter....Pages 349-349 Managing the Treasury Function....Pages 351-374 Treasury Systems....Pages 375-383 Tax and Accounting....Pages 384-387 Back Matter....Pages 388-416