The cover image of the July/August 2012 Exchange says it all: Corporates are hoarding cash due to deteriorating business conditions across the globe and uncertainty over U.S. tax cuts that are due to expire in 2013. Their concerns were confirmed by the 2012 AFP Liquidity Survey, the results of which are included in the issue.
Treasury EssentialsTom Hunt, CTP Home Depot’s Pay(Pal) Plan
Who’s Minding the Store?Steven DreyerAssessing management and governance in Standard & Poor’s credit ratings
In Case of Emergency David WeldonTreasury groups prepare for the breakup of the euro
Crisis ManagementKen Shuyama, CTP How one treasury group operates in Europe
Trade MattersDavid Gustin Understanding supply chain finance
AFP members can read the full text of selected articles from AFP Exchange. Articles appear on a regular basis following shipment of the print version of the magazine.