For corporate treasurers hoping to exert some control over their cost of equity, correlated markets make life difficult. 对于希望在一定程度上掌控股权成本的企业财务主管而言,高度相关的市场令他们十分为难。
Take no more money from your treasurers, but hand it over for repairing the temple. 从今以后,你们不要从所认识的人再收银子,要将所收的交出来,修理殿的破坏之处。
They worry that cash-strapped Americans and corporate treasurers will favor simple bank accounts over their funds even though they pay slightly higher returns. 这些经理们担心即便他们支付略高的回报率,现金吃紧的美国人和公司司库们也会倾向于把资金存在银行帐户里。
The M& A boom has come amid a borrowing binge by US companies, as treasurers lock in cheap, longer-term funding ahead of an expected interest rate rise by the Federal Reserve. 此番并购热潮出现之际,美国企业正竞相借款,财务主管们希望赶在预料之中的美联储(Fed)加息之前锁定廉价、较长期的资金。
Corporate treasurers are on the front line of the crisis, responsible for protecting assets and managing exposure to foreign exchange, interest rates and other risks. 企业的财务负责人是抗击危机的一线人员,他们负责保护企业资产、管理企业的汇率、利率及其它风险敞口。
The old-fashioned bank run, with depositors lining up outside banks to withdraw cash, has been updated to corporate treasurers wiring money from money market funds at any hint of trouble. 银行挤兑已由储户到银行排队取款的旧形式,升级为新的形式:一旦发现麻烦的苗头,各公司资金主管会立即以电汇方式从货币市场基金撤回资金。
Mr latter further remarked that OIS provided a flexible hedging tool for banks and corporate treasurers. 黎定得进一步指出,隔夜指数掉期合约可为银行及商业机构司库提供一项灵活的对冲工具。
Anticipation of tightening monetary policy is expected to prompt something of bond rush in the coming months, as treasurers scramble to get the best borrowing costs. 预计货币政策收紧,预期将会在未来几个月内引发一波债券发行热潮,因为财务主管们急于以最佳成本借款。
At the same time, individuals need to hold their pension fund managers and state treasurers accountable. 同时,个人需要使他们的养老基金管理者和州财务人员变得负有责任。
Corporate treasurers and CFOs must update those new changes. 企业财务人员及首席财务总监必须适应新的变化。
At the same time, both corporate treasurers and local investors in Asia continue to ply the carry trade, borrowing in low yielding currencies such as the dollar to invest in higher-yielding local currencies. 与此同时,亚洲的投资者和企业财务官们仍在不停地从事套息交易,即借入美元等低收益货币,然后投资于本地的高收益货币。
Anecdotal evidence from corporate treasurers suggests that perhaps a third of the bank loan explosion this year has ended up in stocks. 来自企业财务部门的坊间证据表明,今年新增的银行贷款中,可能有三分之一投入了股市。
A recent survey by the French association of corporate treasurers confirmed that financing conditions are worsening; 法国AFTE组织最近进行的一项调查证实了正在恶化的融资条件。
Many corporate treasurers will want to hold more cash than normal given the size of their firms 'debt and the frailties of the financial system. 许多公司的财政主管会希望在衡量公司债务及金融制度弱点后,尽量更多地留着现金。
They are used by treasurers and investors to park their short-term cash, confident that their deposits will not lose value. 资金主管和投资者把短期现金投入到这些基金中,他们相信自己的“存款”不会贬值。
With the cost of funding risky debt falling, some mainstream companies have also proved willing to suffer the consequences of credit downgrades, even though treasurers used to view AAA status as a source of pride. 随着风险债券融资成本的不断下降,一些主流企业也开始愿意承担信用评级下调的后果,尽管AAA评级过去一直是企业财务总管引以为傲的资本。
In turn, banks are doing what they can to persuade corporate treasurers not to draw down credit facilities unless they have to. 相反的,银行开始尽力说服公司的财务主管不到万不得已不要取消信用额度。