Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In 2004, following a period of rapid growth, Toyota Financial Services (TFS) faced a substantial increase in its annual funding requirements. Its treasury staff knew that seeking added liquidity through its traditional capital market sources would come at a steep cost, despite the company’s triple-A credit ratings. And since senior management had just requested that treasury work to lower the company’s overall cost of funds, treasury had to start thinking out of the box.

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.