Lehman Brothers Announces Global Index Enhancements

November 4, 2002 (PLANSPONSOR.com) - Lehman Brothers has announced enhancements to its market indices.

Canadian corporate securities are scheduled to be included in the Global Aggregate Index beginning January 1, 2003 and a new Danish Mortgage Index will be launched on December 1, 2002.

Lehman Brothers will be working with Scotia Capital to provide data on the Canadian dollar index.    Canadian corporate bonds must have the equivalent of US $300 million par amount outstanding, for inclusion in the index.

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Approximately 128 corporate and agency bonds with a market value of US $108 billion will be added to the 40 Canadian Treasury bonds, with a market value of US$173 billion, already contributing to the index.

The Danish Mortgage Index is intended to act on a stand-alone basis.   It will include investment grade, fixed rate mortgages with a minimum maturity of one year, issued by Realkredit Danmark, Nykredit, BRFkredit, Nordea Kredit, Danske Kredit, and Totalkredit.

Only securities denominated in Danish krone with at least €300 million par amount outstanding will be included.   The initial estimated market value of the index is €108 million.

Net Impact On Treasury Functions – Survey

October 16, 2001(PLANSPONSOR.com) - The Internet is expected to have a significant affect on corporations' overall treasury functions, a new survey finds.

Results of the survey, conducted by the Association for Financial Professionals (AFP) and Ernst & Young LLP, show that:

  • three-quarters of practitioners believe that the Internet’s biggest impact will be on fostering workflow efficiencies,
  • over 80% believe that the Internet will have a major impact on payments, collections and investments,
  • over a third consider the Internet to be very important in realizing their company’s goals for centralizing treasury, and
  • a further 68% expect the Internet’s role will be extremely important by the year 2003

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Treasury departments are also becoming more involved in negotiating Internet alliances and making Internet outsourcing decisions, according to the survey.

In fact,

  • almost half the respondents said treasury had some involvement in setting their organization’s e-commerce strategy,
  • while 38% agreed that treasury was taking on a leadership role in their company’s Internet planning

The study also suggests that the Internet is driving activities forward:

  • almost a quarter of respondents thought that e-commerce activities were actually a higher priority now, relative to last year, and
  • over a third felt internally focused Web activities were a higher priority now

Methodology 

The survey was sponsored by and sponsored by JPMorgan Treasury Services and conducted in June 2001. It comprised the responses of 977 AFP practitioner members, including corporate treasurers, controllers, CFOs, presidents, assistant treasurers and cash managers.

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