BF_TREASURY LINK_ Penton Media May 6, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/177 ---------------------------------------- ADVERTISEMENT Business Finance Research Webinar Series Join us for GRC Comes of Age: Leading Practices, Hazardous Pitfalls, a Business Finance Research Webinar that takes an in-depth look at the best practices responsible for driving leading GRC programs. Plus, you'll hear how the Chicago Mercantile Exchange (CME) advanced with a leading GRC program. Attendees receive an Exclusive 2009 GRC Maturity Study. http://w.on24.com/r.htm?e=138278&s=1&k=16F388723A72A9DF38CDFE14897829D0&partnerref=newsletter ---------------------------------------- TODAY'S ALERTS --Sale-Leasebacks Gain Ground Now that banks have tightened their lending practices, more companies are turning to alternative sources of financing, such as sale-leaseback transactions. These occur when a company sells its property to an investor or buyer and then rents the property back under a lease. The primary reason for doing a sale-leaseback is to free up cash. However, the transaction also can provide tax benefits and offer more flexibility than bank financing. To view the full article go to: http://bigfatfinanceblog.com/2009/05/05/sale-leasebacks-gain-ground-in-the-midmarket/ --Tightwads: Why Banks Trickle Nickels Banks actually have pretty high liquidity, yet they're still not lending. What's up? To view the full article go to: http://businessfinancemag.com/article/tightwads-why-banks-trickle-nickles-0427 --Managing FX Volatility If you're a financial exec charged with managing your firm's FX exposure, you've had your work cut out for you lately. Most companies have relied on their financial consolidation programs, aided by ad-hoc and spreadsheets -- the "gum-in-the-dam scenarios" -- to get an idea of their exposures, Wolfgang Koester, corporate currency strategist with Fireapps, notes, but that may not cut it in this volatile market. To view the full article go to: http://bigfatfinanceblog.com/2009/04/24/managing-fx-volatility --Trade Protectionists Rattle Supply Chains While the leaders at the recent G-20 meetings went to great lengths to appear united in their efforts to battle the ongoing financial crisis, a different story is emerging from behind the scenes. A report by the World Bank indicates that 17 of the G-20 have implemented 47 measures "whose effect is to restrict trade at the expense of other countries." To view the full article go to: http://bigfatfinanceblog.com/2009/04/09/rising-protectionism/ --Globalization Is Nothing New Globalization is a buzz word these days, but it's not a new concept, according to Mark Billings, a lecturer in accounting and risk at Nottingham University in England. He researched the history of corporate treasury, including the broader economy in which companies operated, and found that levels of globalization fluctuated over the decades and it wasn't until the 1990s that the world had returned to the levels that had existed around the time of World War I. To view the full article go to: http://bigfatfinanceblog.com/2009/04/21/history-lessons/ --Musings on Mark-to-Market Last month, the Financial Accounting Standards Board eased its guidance on FAS 157-e, better known as mark-to-market. Many financial institutions hailed the change, however, the new ruling won't necessarily alleviate the challenges facing banks. To view the full article go to: http://bigfatfinanceblog.com/2009/04/07/musings-on-mark-to-market/ --What To Do About China There are signs of growing protectionism among a number of the G-20 countries, but "these measures pale by comparison to Chinese protectionism, which contributed importantly to the (financial) crisis," according to Peter Morici, a professor at the University of Maryland. Morici, along with others, such as Treasury Secretary Tim Geithner, believe China is manipulating its currency, which hurts the sale of American-made goods. To view the full article go to: http://bigfatfinanceblog.com/2009/04/15/what-to-do-about-china/ --BPM Summit Presentation: Rethinking Planning, Budgeting, Forecasting, And Target Setting The 6th Annual BPM Summit, Generating Value Through Visibility, brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy unlimited access to the audio and slide shows from the keynote speaker presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ --Visit the BPM Magazine Resource Center Here you will find white papers, product demos, and presentations from companies whose reputations have been built on helping BPM practitioners get the most from their initiatives. You can browse the content "booths" by vendor or category. To view the full article go to: http://resources.bpmmag.net/ ---------------------------------------- Sponsor: Business Finance http://businessfinancemag.com ---------------------------------------- Webcasts ---------------------------------------- A Call to Action: Leverage the Downturn, Maximize a Savings Opportunity http://w.on24.com/r.htm?e=141328&s=1&k=91D47E3A4524879630FC55A587EE7CEE&partnerref=newsletter Streamline Finance Operations and Drive Growth in a Challenging Economy http://w.on24.com/r.htm?e=144306&s=1&k=FBC4432455873AE8FBC5D2F6E74CF9CA&partnerref=newsletter GRC Comes of Age: Leading Practices, Hazardous Pitfalls http://w.on24.com/r.htm?e=138278&s=1&k=16F388723A72A9DF38CDFE14897829D0&partnerref=newsletter Using Performance Drivers to Enhance Business Success http://w.on24.com/r.htm?e=145349&s=1&k=34652575483F209D26F631862CB70FC2&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- Cost of Capital Bifurcating Business Ajit Kambil, Global Research Director, Deloitte's U.S. CFO Program, explains how "cost of capital" is increasingly becoming a strategic differentiator as companies with a low cost of capital begin snatching up critical assets. Meanwhile, companies with a high cost of capital are being left at the sidelines. http://bigfatfinanceblog.com/2009/05/05/cost-of-capital-bifurcating-business/ ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. Subscribe now! 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