This book is an analysis of the practice of corporate treasury and cash management together with a study of the principal financial instruments and markets used by the corporate treasurer. List of Figure and Tables, Acknowledgements, Risk Management, Risk Management: Introduction, Treasury Policies for Debt and Foreign Exchange and Interest Rate Exposure Management, Debt Capacity, Financing Alternatives, Bank Finance, Bond Valuation and Credit Ratings, The Bond Markets, Specialist Financings: Asset Securitization, The Use of Derivatives to Manage Risk, An Outline of Options, Foreign Exchange (FX) Markets and Derivatives, Interest Rate Risk Derivatives and Their Use in Managing Financial Risk, Zero-Coupon Interest Rates and Forward-Forward Rates and Counterparty Exposure for Derivatives and Contracts for Derivatives, Risk Management Summary and Use of Derivatives, Cash and Liquidity Management, Domestic Payment and Collection Instruments and Domestic Clearing, Liquidity Management, Managing the Treasury Systems and Tax and Accounting, Managing the Treasury Function, Treasury Systems, Glossary, Index.