GMAC Mortgage Corp.'s treasury is located in Horsham, Pa., at a considerable distance from either New York City or Washington. But on Sept. 11, its cash management operations might as well have been located in lower Manhattan since the bank that handled its transactions was.
The arrival of Continuous Linked Settlement (CLS) may very well usher in anera in which foreign exchange trades settle sooner. The question, however, is whether ...
Corporations may be compelled to buy specializedinsurance to protect themselves against damages from computer viruses because reinsurers are excluding those losses from catastrophe coverage in property and casualty policies.