Hi Members, Hope everyone is doing well in what no doubt has been a busy last couple of months in the FY changeover period. Not to mention the extraordinary time we are in! At FTA our focus is on continuing to deliver CPD and other services to you digitally during this lockdown/WFH time. Our calendar […]
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Archive for category: Exchange Newsletter
Recent rate cut leaves the Reserve Bank of Australia in uncharted territory and one step closer to unconventional monetary policy.
LIQUIDITY INSIGHTS: DEFINING CASH FOR AUSTRALIAN INVESTORS
The definition of cash, while ostensibly straightforward – banknotes and coins – becomes increasingly challenging when the demands for higher returns counteracts the obligation to ensure adequate liquidity and the commitment to avoid losses.
As memories of the liquidity stress and market dislocation triggered by the global financial crisis faded, the range of financial instruments deemed acceptable in Australian cash products broadened dramatically. This was also a time when investors grappled with the challenges of outperforming attractive headline retail bank deposit rates.
Defining which instruments are truly cash equivalents is one of the most difficult tasks for modern corporate treasurers.