Foreign Exchange dispute threatens exchanges

Article Abstract:

Russia's financial troubles may threaten hedging and derivative exchanges in other countries, but there is speculation that some may benefit from the Micex-Credit Suisse First Boston dispute. Micex and Credit Suisse First Boston reportedly have met to discuss bond defaults in Russia which Micex declared as null and void. Still, some analysts are hopeful that other exchanges stand to benefit because no Russian contracts have been terminated so far.

Investment Offices, Investment Companies, Open-End Investment Funds, Economic aspects, International trade, Russia, Hedge funds

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Top-tier tremors

Article Abstract:

Bank of America has topped the Treasury and Risk Management's 1997 corporate ranking of derivatives dealers. The bank was heralded as the best commercial bank that offers instruments and advice for liability management. J.P. Morgan, which topped the 1995 survey, slipped to second, while Citibank became the third. Some banks were able to make it to the top ten for the first time including NationsBanc-CRT and Deutsche Morgan Grenfell.

Evaluation, Derivatives (Financial instruments), Citibank N.A. (New York, New York), J.P. Morgan and Company Inc., JPM, Bank of America National Trust and Savings Association

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Mundane task challenges clever treasurer

Article Abstract:

The decision of the treasurer of the General Cable Corp. to adapt an existing database package into a tracking system for intercompany loans is discussed. His solution cost $1,000 whereas off-the-shelf packages would have cost $100,000.

Business Financing, Management, Finance, Column, Loans, General Cable Corp.

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