By Michèle Allman-Ward, James Sagner
* research functional, real-world examples and methods for dealing with cash
* Optimize funds flows and liquidity management
* observe the results of lately enacted monetary deregulation laws
* behavior monetary transactions within the worldwide, e-commerce economy
* enhance a partnership method of financial institution relationships
Full of useful counsel, strategies, illustrative real-world examples, shows, and most sensible practices, this convenient and concise paperback can assist you not sleep thus far at the most modern pondering, suggestions, advancements and applied sciences in handling company funds.
MICHELE ALLMAN-WARD is handling Director of Allman-Ward affiliates, Inc., a consulting enterprise that focuses on strategic making plans, product and company unit improvement, education, undertaking administration, and marketplace examine with specific emphasis on foreign treasury management.
JAMES SAGNER is a significant of Sagner/Marks and has controlled over 250 large-scale reviews for corporations and nonprofit agencies around the world. he's a typical college member within the Kenan-Flagler enterprise School's "Advanced subject matters in money administration" application on the collage of North Carolina.
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Extra info for Essentials of Managing Corporate Cash
Morgan, and First Interstate, who continue to be supportive. Sagner thanks his former colleagues from the First National Bank of Chicago (now Bank One) and current Sagner/Marks partners. , who shepherded this book through to publication. com). Her appreciation to that source is hereby acknowledged. Allman-Ward also wishes to acknowledge the following publications as sources of reference: Richard Bort's Corporate Cash Management Handbook, Kenneth L. Parkinson & Jarl G. Kallbergs' Corporate Liquidity, Essentials of Cash Management published by the Association for Financial Professionals, and The Federal Reserve System—Purposes and Functions, published by the Board of Governors of the Federal Reserve System.
As not all financial institutions are online with the Fed, some have to make alternative arrangements, either through member banks or over the telephone. This can slow the process and introduce errors. Fedwire Security Because of the large dollar values being transferred through the Fedwire system, security is an important issue. In order to comply with the Uniform Commercial Code Article 4A (UCC Article 4A), discussed in Chapter 8, banks must offer their customers "commercially reasonable" security procedures.
When determining whether to proceed with a project that will necessitate a cash outflow in the present but that will result in a cash inflow in the future, the cash manager has to determine whether the present value of the inflows is greater than the cost of undertaking the project. TIPS & TECHNIQUES—Reducing Idle Balances Idle balances are largely the result of the remaining provisions of Regulation Q (see Chapter 8), which prohibits the payment of interest on corporate demand deposits. Cash managers have a number of tools available to reduce idle balances, such as controlled disbursement accounts and sweep accounts.