Le Magazine du Trésorier - n°64 - 4ème trimestre 2008 - (Page 21)

JPMorgan Asset Management has received the results of its annual Global Cash Management Survey. This will be the tenth edition of the survey, which has been providing a benchmark for the identification of ongoing cash management trends among treasurers since its launch in 1999. This year’s survey, which has again been compiled with the valuable help of the Association of Corporate Treasurers, looks set to be one of the most comprehensive and informative to date. Once again we received a high number of responses, with over 300 treasurers from around the world providing their feedback. This focus on international responses helps to make the JPMorgan Global Cash Management Survey a truly global barometer of cash management trends. Responses have come from a particularly wide geographical spread this year, with many treasurers responding from the Middle East, Eastern Europe, India and South America as well as from North America, Western Europe and Asia Pacific. Also, while the survey continues to represent the views of treasurers from small, medium and large companies, there were a higher number of responses this year from treasurers representing companies with a market capitalisation of below USD 500m. The survey was compiled against a backdrop of rising risk aversion, turmoil on global credit markets and a developing banking crisis. The initial results of the survey reflected this difficult backdrop, with minimum credit ratings for cash investments continuing to rise and fewer treasurers willing to take credit risk to achieve a higher yield. However, closer analysis of the full survey results, particularly those given in late September following the bankruptcy of Lehman Brothers Holdings Inc., is needed to draw firm conclusions about how corporate treasurers and the wider cash management industry are reacting to the current challenging market environment. We expect to see a general flight to quality, with the safety of traditional cash investments, such as bank deposits, coming under greater scrutiny, while demand for government-backed securities is likely to increase. Certainly we expect to see a much greater emphasis than ever before being placed on security, with credit risk minimised wherever possible. The full results of the JPMorgan Global Cash Management Survey 2008 will be available from the middle of January, via the JPMorgan Asset Management Global Liquidity website (www.jpmgloballiquidity.com) and upon request from your usual JP Morgan representative. The opinions expressed are those held by JPMorgan Asset Management at the time of going to print and are subject to change. This material should not be considered by the recipient as a recommendation relating to the acquisition or disposal of investments. FORUM OF ADVERTISERS 21 JPMorgan Asset Management Global Cash Management Survey 2008 http://www.jpmgloballiquidity.com

Table des matières de la publication Le Magazine du Trésorier - n°64 - 4ème trimestre 2008

COUVERTURE
SOMMAIRE
EDITORIAL
FINANCIAL HIGHLIGHTS
INTERVIEW
FOCUS
FORUM OF ADVERTISERS
TREASURERS’ ASSOCIATIONS
NEWS

Le Magazine du Trésorier - n°64 - 4ème trimestre 2008

http://www.nxtbook.fr/newpress/atel/99-4T2017
http://www.nxtbook.fr/newpress/atel/98-3T2017
http://www.nxtbook.fr/newpress/atel/97-2T2017
http://www.nxtbook.fr/newpress/atel/96-1T2017
http://www.nxtbook.fr/newpress/atel/95-4T2016
http://www.nxtbook.fr/newpress/atel/94-3T2016
http://www.nxtbook.fr/newpress/atel/93-2T2016
http://www.nxtbook.fr/newpress/atel/le-magazine-du-tresorier/92-1T2016
http://www.nxtbook.fr/newpress/atel/le-magazine-du-tresorier/91-4T2015
http://www.nxtbook.fr/newpress/atel/le-magazine-du-tresorier/90-3T2015
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/89-2T2015
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/88-1T2015
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/87-4T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/86-3T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/85-2T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/84-1T2014
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/83-4T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/82-3T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/81-2T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/80-1T2013
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/79-3T2012
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/78-2T2012
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/77-1T2012
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/76-4T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/75-3T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/74-2T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/73-1T2011
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/72-4T2010
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/71-3T2010
https://www.nxtbook.com/newpress/atel/le-magazine-du-tresorier/70-2T2010
https://www.nxtbook.com/newpress/atel/le_magazine_du_tresorier-69-1T2010
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-68-4T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-67-3T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-66-2T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-65-1T2009
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-63-3T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-64-4T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-62-2T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-61-1T2008
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-60-4T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-59-3T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-58-2T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-57-1T2007
https://www.nxtbook.com/newpress/atel/lemagazinedutresorier-56-4T2006
https://www.nxtbookmedia.com