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Cards In This Set
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What are the major objectives of treasury management?
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Maintain liquidityOptimize cash resourcesManage riskMaintain access to short-term financingMaintain investmentsMaintain access to medium and long-term financing to support investments in capital assetsCoordinate financial functions and share financial informationEnhance global and cross-border focus
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What are some actions that can be taken to mitigate counterparty risk in an organization?
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Add to the # of counterparties to increase diversificationEliminate specific counterpartsImplement or adjust single counterparty balance limitsRebalance liquidity allocations among counterpartiesAdopt third-party custodians for investments
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What are some of the primary methods companies are using to optimize their treasury operations?
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Improving internal processesImplementing new or upgraded technologyAdopting new or improved bank/financial services productsOutsourcing selected treasury functions
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What are the typical, primary responsibilities of a treasurer?
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Managing overall financial riskArranging external financingManaging relationships with banks and other financial institutionsOverseeing day-to-day liquidity and cash managementInvesting for the short and long-termDeveloping and implementing treasury policies and proceduresManaging cross-border funds flowsManaging foreign exchange risks
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What are the typical responsibilities of a credit manager?
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Preserve and collect A/R, set corporate credit policies, approve the extension of credit terms & exposure limits to customers, & establish information systems to monitor A/R.
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