Liabilities, Liquidity, and Cash ManagementB alancing Financial Risks phần 8 ppt

... Positions 15 7 PART THREE CASH MANAGEMENT 16 1 9 Cash, Cash Flow, and the Cash Budget 16 3 Basic Notions in Cash Management and the Cash Crunch 16 4 Cash Flow Studies and the Cash Budget 16 7 Flexible ... Skyrocketing Stock Market Margin Debt, 19 90 to 2000 19 90 19 92 19 94 19 96 19 98 19 9 919 91 1993 19 95 19 97 2000 0 50 10 0 15 0 200 250 300 $ BILLIO...

Ngày tải lên: 14/08/2014, 05:20

... Institution Exhibit 2. 2 The Stock Exchange Earthquake at the End of March 20 00 43 Liabilities and Derivatives Risk and commodity swaps; credit derivatives, including junk bonds and bank loans swaps; ... until the second half of 20 01, at the earliest; this date seems to be too optimistic. With $2. 6 billion in debt coming due in 20 01 and the $7 billion bank loan looming in 20...

Ngày tải lên: 14/08/2014, 05:20

... Japan Euroland United States Japan Loans 23. 3 5.4 38 .9 Trade credit and advance 8 .3 7.8 12.4 payments received Securities other than shares 2.4 10.6 9.4 Shares and other equity 62.6 70.2 33 .8 Other ... legislators and regulators will be well advised to set up rigorous financial reporting standards. 8 ã Internal controls and financial reporting standards should account b...

Ngày tải lên: 14/08/2014, 05:20

... asset and each liability must continue to be recognized, and it requires: ã Addressing the basic definition of each item in assets and liabilities, and ã Setting the stage for experimentation and ... New financial instruments do much more than allow risk taking or risk hedging. They permit their designers and users to simulate virtually any financial activity by: ã Redrawing...

Ngày tải lên: 14/08/2014, 05:20

... conflict between liquidity, solvency, and yield,” say Steiner and Shapiro. “A bank is liquid when it is able to exchange its assets for cash rapidly enough to meet the demands made upon it for cash payments.” “We ... consolidated statement of cash flows addresses cash inflows, cash outflows, and changes in cash balances. (See Chapter 9 for information on the concept under...

Ngày tải lên: 14/08/2014, 05:20

... Expense OCF = Operating Cash Flow = Cash Flow + Interest Expense + Income Tax Expense FCF = Free Cash Flow = Cash Flow + Capital Expenditures - Dividends 165 Cash, Cash Flow, and the Cash Budget ã How ... had $32 billion in assets and $ 36 billion in derivatives exposure (in notional principal). 173 Cash, Cash Flow, and the Cash Budget On a number of occasions cash...

Ngày tải lên: 14/08/2014, 05:20

... firms. 7. Financial Times, July 21, 2000. 8. International Herald Tribune, July 21, 2000. 9. D. N. Chorafas, Commercial Banking Handbook (London: Macmillan, 1999). 179 Cash, Cash Flow, and the Cash ... six consecutive steps. Shown in Exhibit 11.2, 195 Cash On Hand, Other Assets, and Outstanding Liabilities While the analysis of cash inflow and cash outflow regarding comm...

Ngày tải lên: 14/08/2014, 05:20

... 81 0 80 9 80 9 80 7 80 6 80 5 80 4 and bonds Total $5,425 $5, 380 $5,336 $5,294 $5,251 $5,2 08 $5,167 220 CASH MANAGEMENT Timothy J. Stier, the chief accountant of the OTS, explained in a factual and ... $1,0 38 notes and bonds State, municipal, 3,530 3, 488 3, 488 3,409 3,369 3,330 3,292 and county government notes and bonds Foreign government 33 33 33 33 33 33 33 note...

Ngày tải lên: 14/08/2014, 05:20

... commercial bank credit and GDP. Excess credit and credit rating also correlate with one another, but negatively. It is therefore not surprising that, compared to 199 8, 199 9 saw a very significant ... Korea’s president from 198 8 to 199 3. The money came from a $650 million slush fund. Sooner or later, however, the day of reckoning has the nasty habit of showing up. When in 199 9 the ent...

Ngày tải lên: 14/08/2014, 05:20

... 301 Financial contracts, 201 Financial engineering, 52 Financial incapacity, 60 Financial reporting, 219, 220, 222 Financial risks, 41 Financial Services Authority (FSA), 13 Financial stability, 306 First ... 228 Federal Financial Institutions Examinations Council (FFIEC), 228 Financial Accounting Standards Board (FASB), 45, 91, 159, 275, 290, 297 Financial analysis, 172...

Ngày tải lên: 14/08/2014, 05:20

... Volatility and Liquidity in Financial Markets (London: Euromoney Books, 1998). 12. D. N. Chorafas, Implementing and Auditing the Internal Control System (London: Macmillan, 20 01). 30 CHALLENGES OF LIABILITIES ... options, and futures; commodity futures 20 CHALLENGES OF LIABILITIES MANAGEMENT These were the lucky ones. Others, such as Lucent Technologies and Xerox, hav...

Ngày tải lên: 14/08/2014, 12:21

... Japan Euroland United States Japan Loans 23. 3 5.4 38 .9 Trade credit and advance 8 .3 7.8 12.4 payments received Securities other than shares 2.4 10.6 9.4 Shares and other equity 62.6 70.2 33 .8 Other ... legislators and regulators will be well advised to set up rigorous financial reporting standards. 8 ã Internal controls and financial reporting standards should account b...

Ngày tải lên: 14/08/2014, 12:21

... 129 Liquidity Management and the Risk of Default In another major brokerage house, liquidity management is done by the treasury. Treasury oper- ations are responsible for assets and liabilities management ... PLANNING FOR LIQUIDITY MANAGEMENT The liquidity of a financial institution must be measured and managed to ensure that it is able to meet liabilities as they...

Ngày tải lên: 14/08/2014, 12:21

... 1975). 2. D. N. Chorafas, Understanding Volatility and Liquidity in Financial Markets (London: Euromoney Books, 19 98) . 3. D. N. Chorafas, Reliable Financial Reporting and Internal Control: A Global ... 232 CASH MANAGEMENT and derivatives financial instruments. The board and senior management also should understand and appreciate the metrics of exposure, associated se...

Ngày tải lên: 14/08/2014, 12:21

... standing and financial staying power. The credit standing changes over time, and, historically, there are more downgrades than upgrades. Management negligence is the key reason. In the mid- 199 0s ... Ridge, IL: McGraw-Hill, 199 8). 5. Chorafas, Credit Risk Management. 6. Terry Smith, Accounting for Growth (London: Century Business Books, 199 2). 7. Business Week, August 12, 199 6....

Ngày tải lên: 14/08/2014, 12:21