tailieunhanh - Liabilities, Liquidity, and Cash ManagementB alancing Financial Risks phần 5

bất động sản thương mại, công nghiệp dầu mỏ, tài khoản khách hàng được lựa chọn chính, các nước hoặc khu vực nhất định, và các cửa sổ khác vào nguy cơ. Hãy ghi nhớ những nguyên tắc này: • • • Tất cả các thỏa thuận và mọi công ty đều phải được đánh giá rủi ro. | Virtual Balance Sheets and Real-Time Control commercial real estate the oil industry selected major client accounts certain countries or regions and other windows on risk. Keep in mind these principles Every deal and every company must be risk-rated. Individual countries and industries must have their own limits or tripwires. Limits also should exist by geography and by type of Not just the corporate top but all line managers also must be accountable for controlling their positions through interactive computational finance. Networks databases and knowledge artifacts agents must be used to monitor risks in derivatives and all other products worldwide overseeing risk limits for each trade and product line and tracking both local and overall corporate risk limit. These are the characteristics of a risk-sensitive culture that must permeate the entire organization. Note that this culture did not exist at LTCM. Both direct responsibility of each member of staff and line and advanced technology solutions are necessary to keep financial institutions out of trouble particularly in times of turbulence. A lot of pain and suffering can be avoided but that will not occur without hard work and new departures. FROM VIRTUAL BALANCE SHEETS TO FINANCES OF VIRTUAL CORPORATIONS The previous examples demonstrate that virtual financial statements based on intraday information are fundamental to sound management. Several companies recognize this fact but also feel that interday information cannot be compiled in real time because of the diversity of forms incompatible office supports heterogeneous computer hardware and software and inertia. Another reason why many financial institutions and industrial companies are moving so slowly to gain competitive advantage through technology is backward culture. Typically old policies ossified practices and embedded legacy systems require a 100-step consolidation process through the company s information technology maze. Only tier-1 .

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