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July / August 2012 AFP Exchange


July / August 2012 AFP Exchange

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 Essentials
    Tom Hunt, CTP
    Home Depot’s Pay(Pal) Plan

  • Who’s Minding the Store?
    Steven Dreyer
    Assessing management and governance in Standard & Poor’s credit ratings

  • In Case of Emergency
    David Weldon
    Treasury groups prepare for the breakup of the euro

  • Crisis Management
    Ken Shuyama, CTP
    How one treasury group operates in Europe

  • Trade Matters
    David Gustin
    Understanding supply chain finance

Full articles

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.

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