| Who’s who in Finance: Gerry Ryan, Head of HR Service Delivery and Pension Fund Administrator, Eircom Ltd |
Issue: 03 / 2004 |
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| A Day in the Life of a Treasurer |
Issue: 02 / 2004 |
| As a Leeds fan, John Coffey, deputy general manager, treasury, at BNP Paribas Dublin, doesn’t have much to be happy about this season, but he is making up for this in his working life. 2003 was a particularly good year for the French bank, but 2004 will be more difficult, as the imminent arrival of IAS 39 will mitigate against the normal ‘macro-hedging’ approach of a bank treasury and is likely to create more volatility in the bank's results. |
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| Banking: Rabobank launches outsourcing service |
Issue: 02 / 2004 |
| Rabobank Ireland plc, Ireland’s fifth largest bank, has launched a financial services outsourcing service. The service will be offered both within the Rabobank Group, and to third parties, in areas such as securitisation, structured finance and corporate treasury, and Rabobank will be looking for high value rather than high-volume business. |
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| Buying Irish art - leading auctioneers on where the value currently is |
Issue: 02 / 2004 |
| The Irish art market bears similarities to the upper end of the Irish housing market - and, like the housing market, forecasts of its demise have been exaggerated - although the boom years are past us for now. As in all mature markets, value lies in selection and quality. Leading auctioneers Ian Whyte, John de Vere White and Rory Guthrie, offer readers their advice on buying. (Pictured on the left is 'The Queen of Spain’s Daughter' by Colin Middleton, which was bought for ?7,500 sterling from a gallery in London in 1992 and made € 42,000 at Whyte’s ten years later). |
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| Capital issues |
Issue: 02 / 2004 |
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| Capital markets: UniCredito’s exchangeable bond demonstrates the interesting options of Ireland as an issuance venue |
Issue: 02 / 2004 |
| Following UniCredito Italiano’s successful €1,26 billion exchangeable bond issue in December, Hugh Beattie considers two of the main classes of equity-linked debt issues, convertible bonds and exchangeable bonds, and examines the issues. |
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| Certificates of deposit (CDs) programmes |
Issue: 02 / 2004 |
| A CD is a receipt for, and promise to repay, funds deposited at a bank or other financial institution. CDs have a fixed maturity and a specified interest rate. |
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| Collateralised debt obligations (CDOs) |
Issue: 02 / 2004 |
| An asset backed security which uses a portfolio of bonds or loans as collateral, or security. This year Bank of Ireland issued the first fully Irish structured CDO. |
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| Commercial paper programmes |
Issue: 02 / 2004 |
| Commercial paper is a short-term unsecured promissory note that is issued for a specified amount and matures on a specified date. CP is a negotiable instrument, typically in bearer form. |
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| Corporate Bonds |
Issue: 02 / 2004 |
| A bond is a legal contract in which a government, company or institution (the borrower) issues an IOU certificate, which promises to pay holders a specific rate of interest for a fixed duration and then redeem the contract at face value on maturity. |
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| Covered bonds |
Issue: 02 / 2004 |
| A bond which has other financial instruments, such as mortgage loans, pledged as security against default. |
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| DEPFA to expand its presence in Irish market beyond PPPs |
Issue: 02 / 2004 |
| DEPFA BANK plc, the Dublin headquartered public sector specialist bank, is to actively market its services to Ireland’s public sector authorities over 2004. DEPFA has already made an impact on Ireland's growing public private partnership (PPP) market, participating in two of the deals which have reached financial close to date. |
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| European market this year expected to mirror 2003 |
Issue: 02 / 2004 |
| The market in Europe is expected to stabilise this year although there may still be some downside on rents. But with vacancy rates peaking there will be no shortage of money seeking a home in property writes John Moran. |
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| Exchangeable bonds |
Issue: 02 / 2004 |
| Similar to convertible bonds but not linked to the shares of the issuer. They can be exchanged for shares Similar to convertible bonds but not linked to the shares of the issuer. They can be exchanged for shares in another company.in another company. |
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| Finance Bill 2004 modernises financial services tax legislation |
Issue: 02 / 2004 |
| The Finance Bill has made a number of beneficial changes to areas of relevance to the financial services industry in Ireland. These include the introduction of a holding company regime, improvements in the treatment of small ticket leasing business, helpful clarifications of the VAT treatment of the management of CIU’s and securitisation vehicles, and in the treatment of foreign taxes on dividends Brian Daly reports. |
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