Corporate treasurers are looking to yield-enhancing products such as range accruals and dual-currency accounts, to increase their return from cash deposits, while holding onto liquidity, according to a report in this month’s issue, ‘Cash is King – Cash Instruments for Treasurers and Investors’.
Although interest rates are at historic lows, globally they are higher today than they were 18 months ago, and this, combined with the current volatility in oil prices, is increasing the attractiveness of cash as an asset.
Other popular cash management products include liquidity funds and commercial paper. Certificates of Deposit (CDs) are also becoming more attractive to Irish based corporate treasurers now that Irish based issuers can sell to them. New product developments in this market include growth in EONIA (Euro Overnight Index Average) linked CDs, as well as structured CDs. |
