Nine out of 10 organizations rely on treasurers' expertise to determine whether they are in compliance with debt covenants, according to the AFP Debt Compliance Survey.
Traditionally viewed as a low-priority task, debt compliance is a core responsibility of treasury to ensure continued access to debt markets and fund, at the lowest possible cost, the company's operations and strategic initiatives. Covenant violations give lenders the right to impose financial penalties, establish new and more onerous covenants, or work out or call the debt...
Full article:
www.afponline.org/mbr/reg/res/reg_news/Study__90__of_Firms_Rely_on_Treasurers_for_Debt_Compliance.html
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Traditionally viewed as a low-priority task, debt compliance is a core responsibility of treasury to ensure continued access to debt markets and fund, at the lowest possible cost, the company's operations and strategic initiatives. Covenant violations give lenders the right to impose financial penalties, establish new and more onerous covenants, or work out or call the debt...
Full article:
www.afponline.org/mbr/reg/res/reg_news/Study__90__of_Firms_Rely_on_Treasurers_for_Debt_Compliance.html
Finyear Links is a Finyear service on a mission to save you time and keep you smart. Our team follows the relevant news, summarize it, link to the original sources and deliver it on the Finyear website and in the daily newsletter.
Finyear Links is not a finished product: please let us know what you think and if you have a suggestion, a complaint, or something we should link to, email us.
Finyear Links est un service Finyear dont la mission est de vous faire gagner du temps et de vous tenir informés. Notre équipe suit les actus pertinentes, les organise, créé un lien vers les sources originales et vous les communique sur le site Finyear et dans la newsletter quotidienne.
Finyear Links n'est pas un produit fini : faites-nous savoir ce que vous en pensez et si vous avez une suggestion, une remarque, ou une source que nous devrions suivre, écrivez-nous.