Liabilities liquidity and cash management balancing financial risks phần 6 ppsx

... THREE CASH MANAGEMENT 161 9 Cash, Cash Flow, and the Cash Budget 163 Basic Notions in Cash Management and the Cash Crunch 164 Cash Flow Studies and the Cash Budget 167 Flexible Budgeting and the ... Adequacy of Cash Figures 172 Cash Flow, Operating Cash Flow, and Free Cash Flow 175 Earnings, Cash Flow, and Price-to-Earnings Growth 178 Applying the Meth...

Ngày tải lên: 04/07/2014, 05:26

... 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

... 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

... the late Exhibit 1. 2 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 $ BILLIONS ACKNOWLEDGMENTS Dresdner Bank Dr. ... 11 3 Managing the Liabilities Accounts of Virtual Companies 11 5 7 Liquidity Management and the Risk of Default 11 9 Liquid Assets and the Concept of Li...

Ngày tải lên: 14/08/2014, 12:21

... 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

... 94 MANAGING LIABILITIES ã Credit guarantees in the form of avals, guarantees, and indemnity liabilities; at x% of total con- tingent liabilities ã Bid bonds, delivery and performance ... five minutes, and after that every minute. This rapid and flexible reporting on liabilities, assets, and risks at a certain level of approximation is becoming indispensable for good manage...

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

... period of cash flow deficits, which must be financed. Exhibit 9.5 Noninterest Budget 167 Cash, Cash Flow, and the Cash Budget another generate at least $60 0 million in additional cash. There ... estimates and the different disbursements. 163 CHAPTER 9 Cash, Cash Flow, and the Cash Budget Cash is any free credit balance in an account(s) or owed by a counterparty payabl...

Ngày tải lên: 14/08/2014, 12:21

... more depth later.) 185 Cash On Hand, Other Assets, and Outstanding Liabilities ã Regulators ã The economy as a whole Cash inflow/outflow analysis and other liquidity management techniques are ... the long-term financing costs of enterprises. 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, 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

... 312 INDEX Cash budget, 165, 173, 184 Cash credit, 175 Cash debit, 175 Cash flow, 155, 163, 166, 167, 173, 175-78, 184, 186, 195, 227, 249, 259 Cash flow testing, 94 Cash liquidity, 123 Cash management, ... 207 Liability management, 5, 16, 24, 46, 106 Liquid assets, 120 Liquidation analysis, 138 Liquidity, 119, 183 Liquidity analysis, 120 Liquidity crisis, 152 Liquidit...

Ngày tải lên: 14/08/2014, 12:21