Posts Tagged tax
A joint strategic planning of credit
Posted by admin in Business plans, bonds, budget, business, communication on February 15th, 2010
Everything you’ve done up to this point has been focused on getting you to the full partnership stage. You and your partner have worked hard together, navigating the Stages of Relationship Development to produce trust and mutual benefits. You’ve also engaged in the steps necessary to accomplish a task in order to determine the partnership’s worth. You’ve used the Plan–Do–Check–Act cycle to continuously improve the task and relationship dynamics of your partnership.
You’ve seen the partnership move from a past to a future orientation. The final two stages will feel almost anticlimactic. This is a good thing. You’ve worked so hard to increase your Partnering Intelligence that by the time you’re prepared to make a commitment and move to full partnership it will feel like the only logical step. The only thing that stands between you and full partnership is one more task: to conduct a joint strategic planning session in order to solidify your future vision and spell out the plans to get you there. Your partnership is now in the Commit Stage of Partnership Development. You have achieved the trust and communication needed to help you maximize the synergy. You have identified the mutual benefits that the partnership provides. Having managed the changing dynamics of the relationship and its impact on each organization, you are now positioned to perform.
The fundamentals of credit valuation
Posted by admin in Save Money, performance objectives, profit margin, profit projections, revenue, understanding finances, variable costs on October 24th, 2009
Besides market fundamentals valuation is the major driver of market performance for the longer term. The other two drivers that are commonly mentioned in investment literature, technicals and market sentiment, are more likely to explain short- to medium-term fluctuations of credit spreads.
The subject of valuation arises on every level of the investment process. Generally, it is a question of relative attractiveness of one investment vis-avis another one. In this chapter, we will outline four approaches that may support asset allocation decisions in fixed income portfolios with an aggregate benchmark as well as help to determine the beta of a pure credit portfolio.