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 Corporations 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. 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 This book is an analysis of the practice of corporate treasury and cash management together with a study of the principal financial instruments and markets used by the corporate treasurer. Its objectives are to describe how corporate treasury departments should establish a framework for the identification, measurement, and management of financial risk and how corporates should manage and control the operation of their treasury function. Robert Cooper brings his extensive experience as Corporate Treasurer of a large organization to bear in this comprehensive work. 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. Most treasurers would consider that their primary role in the organizations they work for is the management of financial risk.