704Index

Capitalassetpricingmodel,504–505,524,

526–528,632,644

Capitalbudgeting,273,294,395,402,415,

417–431,433–439,441–443,445,447,449,455–456,464,466–467,470,487–488,493–496,499,501,503,510–511,521,523,525–526,555,659,661,663,684–686

Capitalgain,91,420,439,441,460,465,

470–471,524Capitalratio,68

Capitalstructure,263,391,395,471,

501–503,505–507,509–515,517–528,550,554,625,628,664

CAPM.SeeCapitalassetpricingmodelCarryback.SeeNetoperatingloss

carryback

Carryfoward.SeeNetoperatingloss

carryforward

Cashmanagement,7,58,284,599–603,

605–607,609,611,613–618,621,Commercialbank,39,48,55–56,58–60,65,

70,79,103,107–108,117,123,128,138,185,198,203,334,341,350,487,515,526,537,561–563,572–574,580,606,645,691–692,697

Commercialinvoice,564,566,690

Commercialpaper,557,568,580,593,606,

692

Commerzbank,588

Commitment,71,115,192,299,329,349,

390–391,568Commitmentfee,69

Compensatoryfinancingfacility,47,690Conditionalcurrencyoption,138

Confidencelevel,309–311,326,629,673Confoundingeffect,241–242Conglomerate,197

Consignment,559–561,574,577,690Consolidatedearnings.SeeConsolidated

financialstatements

Consolidatedfinancialstatements,274,

Costofproduction,3,189,399,401,625,627,648,651,663–664Costofretainedearnings,501Counterpurchase,570–571,690

Countertrade,562,570–571,574–575,665,

690

Countryrisk,21–22,395,411,429,471,

477–500,503–505,516–517,520–522,526–527,554–555,625,630,635,643–644,661,663,690–691Coveredinterestarbitrage,169,203,

208–220,223–229,231,252,257,262,264,583–584,608,610,615,638,650–651,690

Creditcrisis,16–17,22,26,39,47,70,78,82,

89,103,129,182,223,283,308,313,350,407,453–454,462,480,487,507,515–516,561,580,595Creditrating,13,48,523,598Creditrisk,69,84,125,181,492,

514–515,521,563,567–568,570–571,ela

690

318–322,373,384,386–388,448,632,Caterpillar,Inc.,315

640–641,697

CD.SeeCertificateofdepositContingencygraph,136–138,145–146,

Cemex,73,109

154–157,159–161,163–166,335–336,CentralAmericanTradeAgreement,35342–343,690

Centralbank,47,49,68,113,115,121,144,

Contractualtransaction,305,314,316,171–173,175–177,180–187,189–193,195–199,223,227–228,251,262–263,265,295,326,506,637,650,682,691–692,694,696–697

Centralizedcashmanagement,600–603,

614

Centralizedmanagementstyle,6

Certificateofdeposit,29,40,58,257–258,

267,350,681–682,684,686r

320,

333,373

Conversionrate,74Convertibilityclause,71Copyright,10,479

Corporatecontrol,5,395,451–454,463,

465,467,481

Corporategovernance,5,451,453,455,457,

459,461,463,465,467,469,471,473,475,500,514

CFF.SeeCompensatoryfinancing

Correlation,87–88,307–308,310–312,

facility

321–322,328–329,353,402–405,507,CharlesSchwabInc.,92

592–593,613,622,654,676

N

Checklistapproach,482Correlationcoefficient,88,307–308,311,

403,592,622,654,676

Exchange,o–483,493

ChicagoBoardOptionsExchange,127ChicagoMercantile122–127,

Correspondentbank.SeeAdvisingbank149,301

Corruption,77,196,408,478,480,492,

ChinaTelecomCorp.,73496

CIA,399,454,478,500Costofcapital,13,15,17,18,20,263,

CiscoSystems,134,398t fo274–275,374,395,398,419–420,433,CitgoPetroleum,44439,464,496,501–511,513,515–523,CitiFX,56

525–527,530,550,554–555,625,663,Citigroup,48,56,648–649686

Clearingcost,60

Costofdebt,13,85,501,506–509,511,516,

Clearing-accountarrangement.

522–524,526–527,530,554,664SeeExchangeclearinghouseCostofequity,13,85,501,504,506–509,

Clearinghouse,124–125

512,516–517,520,522–524,526,CME.SeeChicagoMercantileExchange553–554,632

Coca-ColaCo.,19,65,320,349,353,397,

Costoffinancing,70,187,383,395,409,

464,503,535477,501,522,531–534,541,544,547,Codeofethics,18

549–550,582,590,625,640,645,664Cofinancingagreement,48,690Costofgoodssold,52,82,259,299,364,

Colgate-Palmolive,3,44,305,399

381,391,412,447–448,459–461,469,Collateral,68,128,515,565,570,573,598,

616

625,651,694Costofnewcommonequity,501

580,Suisseexchanges694

CreditGroup,73

Crossrate,63–64,80,84,95,

106–107,110,114,122,169,205–208,212–213,223,228,230–231,258,262,264–265,638,690,697Cross-borderfactoring,690

Cross-hedging,149,352–354,356,690CumulativeNPV,421–423,427,430,

488–489

Currency(in)convertibility,408

Currencybearspread.SeeBearspreadCurrencyboard,177–178,691

Currencybullspread.SeeBullspreadCurrencycalloption,65,128–133,139,

140–144,151,191,266–267,335–339,348,361,641,690–692

Currencyderivative,117,119,121,123,125,

127,129,131,133,135,137,139,141–143,145,147,149,151,153,155,157,159,161,163,165,257,263,301,318,497

Currencyfuturescontract,65,87,117,

121–128,135,140–142,144,147–149,167,229,251,257–259,266,281,301,333–334,341–342,348–349,354–355,385,497,538–539,625,649,682,691,693–694

Currencyfuturesmarket,65,109,121,123,

127,144,636

Currencyoption,65,79,117,127–128,

130–142,144–154,163,167,190–191,266,293,333,335–336,348,354–358,392,636,649,682,690–691,695–696Currencyoptioncombinations,154,691,

696

Currencyoptionhedge,144,333,335,

337–339,341–342,344–348,350,355,357,359–360,362–363,627,658Currencyoptionpricing,150–152,293