2Q14 Corporate Cash Reserves Up, Short-Term Investment Quickens
Coinciding with the SEC’s money market mutual fund ruling for corporations, the AFP Corporate Cash Indicators ® (AFP CCI), underwritten by State Street Global Advisors, revealed that U.S. businesses built cash reserves at a faster pace during the second quarter of 2014 and invested those assets more conservatively. But the burst in cash accumulation is expected to be short lived.
10 Steps Every Treasurer Should Take to Handle New Money Fund Rules
Tom Hunt, CTP, Director of Treasury Services for the Association for Financial Professionals, lists 10 steps every treasurer should take to prepare for the new money market fund rules approved today by the Securities and Exchange Commission.
Treasurers Weigh Options as Final MMF Vote Looms
The majority of corporate treasurers and CFOs who responded to the 2014 AFP Liquidity Survey, underwritten by RBS Citizens, indicated that their organizations would significantly alter their investment policies if money market funds receive an overhaul. They may need to start making those changes as early as next week.
AFP Survey: Better Operating Cash Flows Mean Bigger Reserves
Corporate treasurers and CFOs continue to build their organizations’ cash reserves in response to improved operating cash flows, according to the 2014 AFP Liquidity Survey, underwritten by RBS Citizens. 36 percent of companies reported rising cash reserves in the last year.
Fed Eyes Exit Fees on Corporate Bonds to Prevent Panics
Fueled by concerns about bond-fund runs after an eventual
tightening of interest rates, Federal Reserve Board officials are reportedly
discussing charging investors a fee for accessing bond funds, according to the Financial Times.