Pinky Finance Project

8/2/2019 Pinky Finance Project

1/22

TREASURY MANAGEMENT

Page 1

A Project

On

TREASURY MANAGEMENT

In the fulfilment of the degree of

MASTER OF BUSINESS ADMINISTRATION

Prepared BY:

PINKY VISHNANI

(G-V002)

Submitted to

DR. KUMUDHINI

METAS OF

SEVENTHDAY ADVENTIST COLLEGE

ATHWALINES, SURAT

2011-2012


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TREASURY MANAGEMENT

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Treasury management (or treasury operations) includesmanagementof an enterprise's holdings,

with the ultimate goal of maximizing the firm's liquidity and mitigating its operational, financial and

reputational risk. Treasury Management includes a firm's collections, disbursements, concentration,

investment and funding activities. In larger firms, it may also includetradingin bonds,currencies, financialderivatives and the associatedfinancial risk management.

Most larger banks have whole departments devoted to treasury management and supporting their clients'

needs in this area. Until recently, larger banks had the stronghold on the provision of treasury management

products and services. However, smaller banks are increasingly launching and/or expanding their treasury

management functions and offerings, because of the market opportunity afforded by the recent economic

environment (with banks of all sizes focusing on the clients they serve best), availability of (recently

displaced) highly-seasoned treasury management professionals, access to industry standard, third-party

technology providers' products and services tiered according to the needs of smaller clients, and investment

in education and other best practices.

For non-banking entities, the terms Treasury Management and Cash Management are sometimes used

interchangeably, while, in fact, the scope of treasury management is larger (and includes funding and

investment activities mentioned above). In general, a company's treasury operations comes under the control

of the CFO, Vice-President / Director of Finance or Treasurer, and is handled on a day to day basis by the

organization's treasury staff, controller, or comptroller.

Bank Treasuries may have the following departments:

AFixed IncomeorMoney Marketdesk that is devoted to buying and selling interest bearing securities

AForeign exchangeor "FX" desk that buys and sells currencies

ACapital MarketsorEquitiesdesk that deals in shares listed on the stock market.

In addition the Treasury function may also have aProprietary Tradingdesk that conducts trading activities

for the bank's own account and capital, anAsset liability managementorALMdesk that manages the risk of

interest rate mismatch and liquidity; and a Transfer pricing or Pooling function that prices liquidity for

business lines (the liability and asset sales teams) within the bank.

Banks may or may not disclose the prices they charge for Treasury Management products, however the

Phoenix Hecht Blue Book of Pricing may be a useful source of regional pricing information by product or

service
http://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Trader_(finance)http://en.wikipedia.org/wiki/Trader_(finance)http://en.wikipedia.org/wiki/Trader_(finance)http://en.wikipedia.org/wiki/Currencieshttp://en.wikipedia.org/wiki/Currencieshttp://en.wikipedia.org/wiki/Currencieshttp://en.wikipedia.org/wiki/Financial_risk_managementhttp://en.wikipedia.org/wiki/Financial_risk_managementhttp://en.wikipedia.org/wiki/Financial_risk_managementhttp://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/Departmentalizationhttp://en.wikipedia.org/wiki/Departmentalizationhttp://en.wikipedia.org/wiki/Fixed_Incomehttp://en.wikipedia.org/wiki/Fixed_Incomehttp://en.wikipedia.org/wiki/Fixed_Incomehttp://en.wikipedia.org/wiki/Money_Markethttp://en.wikipedia.org/wiki/Money_Markethttp://en.wikipedia.org/wiki/Money_Markethttp://en.wikipedia.org/wiki/Foreign_exchange_markethttp://en.wikipedia.org/wiki/Foreign_exchange_markethttp://en.wikipedia.org/wiki/Foreign_exchange_markethttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Equitieshttp://en.wikipedia.org/wiki/Equitieshttp://en.wikipedia.org/wiki/Equitieshttp://en.wikipedia.org/wiki/Proprietary_Tradinghttp://en.wikipedia.org/wiki/Proprietary_Tradinghttp://en.wikipedia.org/wiki/Proprietary_Tradinghttp://en.wikipedia.org/wiki/Asset_liability_managementhttp://en.wikipedia.org/wiki/Asset_liability_managementhttp://en.wikipedia.org/wiki/Asset_liability_managementhttp://en.wikipedia.org/wiki/ALMhttp://en.wikipedia.org/wiki/ALMhttp://en.wikipedia.org/wiki/ALMhttp://en.wikipedia.org/wiki/Transfer_pricinghttp://en.wikipedia.org/wiki/Transfer_pricinghttp://en.wikipedia.org/wiki/Risk_poolhttp://en.wikipedia.org/wiki/Risk_poolhttp://en.wikipedia.org/wiki/Risk_poolhttp://en.wikipedia.org/wiki/Transfer_pricinghttp://en.wikipedia.org/wiki/ALMhttp://en.wikipedia.org/wiki/Asset_liability_managementhttp://en.wikipedia.org/wiki/Proprietary_Tradinghttp://en.wikipedia.org/wiki/Equitieshttp://en.wikipedia.org/wiki/Capital_Marketshttp://en.wikipedia.org/wiki/Foreign_exchange_markethttp://en.wikipedia.org/wiki/Money_Markethttp://en.wikipedia.org/wiki/Fixed_Incomehttp://en.wikipedia.org/wiki/Departmentalizationhttp://en.wikipedia.org/wiki/Bankhttp://en.wikipedia.org/wiki/Financial_risk_managementhttp://en.wikipedia.org/wiki/Currencieshttp://en.wikipedia.org/wiki/Trader_(finance)http://en.wikipedia.org/wiki/Management


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TREASURY MANAGEMENT

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Function of Treasury Management

1. To maintain the liquidity of business

It is the main function of treasury management to maintain the liquidity of business. Without proper

liquidity, it is risk for business to operate smoothly. By using cash flow analysis and working capital

management. Treasury officer make good ratio of liquid assets and liquid liability.

2. To Minimize Currency Risk

In above example of Google Inc. business, I have already explained that it is the function of treasury

management to minimize the currency risk. For this, treasury managers touch with currency market of

world. They analyze the reason of crisis in currency market. Sometime this crisis will be benefited for them

because they have to pay less to other country for getting their service at cheap rates.

3. To provide quick finance to Company

It is also function of treasury department to supply quick finance to company, when it needs the money.

For this, a good network in financial market is required.


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TREASURY MANAGEMENT

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Treasury management in banks

Banks have to maintain statutory reserves on their NDTL. For calculating its NDTL, a bankHas to first sum up its total gross liabilities, which include all demand and term deposits.Once the gross demand and time liabilities (DTL) is determined, the bank can deductits Interbank assets (IBA) from this DTL only to the extent of itsInterbank liabilities (IBL). Usually NDTL is calculated with reference to alternate Fridayscalled "Reporting Fridays". The banks are required to maintain their CRR and SLR withreference to the NDTL as of the reporting Friday.

About treasury management systems

Managing the financial activities of any business can be a difficult task and for thosein control of treasuries in the banking and financial industries, it can be especially

difficult. From the continuous influx of new or changing regulations, through to thelabyrinth of considerations required to manage risk effectively, it's important to

ensure that your treasury management system (TMS) will function to your exactrequirements, while providing useful and insightful reports.

In general, a business investing in and implementing a treasury management systemcan expect it to improve cash visibility and financial risk management, as well as

enhancing treasury efficiency and accuracy. There are a number of TMS tools

available and Bobsguide has been created to help you find the best technologicalsolutions for your company, including databases, analytics programs andworkstations.

In addition to helping you source treasury management software, Bobsguide can help

those in the TMS sector find or fill job vacancies and keep up to date with the mostrecent news. We can also help you find courses for continuing professional

development and white papers to ensure you have the most recent information

available. Registration is simpleand gives you full access to our variety of usefulservices.
http://www.bobsguide.com/cgi-bin/guide/memregister.pl?ID=bghttp://www.bobsguide.com/cgi-bin/guide/memregister.pl?ID=bghttp://www.bobsguide.com/cgi-bin/guide/memregister.pl?ID=bg


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TREASURY MANAGEMENT

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Selecting treasury management system products

A company's treasury management system will consist of software, hardware and thestaff running the technology. The TMS will be linked to information coming from bothinternal and external sources and it will perform a variety of transactions and other

automated tasks while also providing analysis of funds and revenue. A treasury

management system can often be linked to other office applications or integrated aspart of an enterprise resource planning (ERP) system.

Bobsguide has organized the various treasury management systems into categories,

helping you to efficiently narrow down your options and choose the best solutions for

your company's requirements.

Banking treasury management systemswill help banks optimize their asset anddebt performance, while helping them minimize the needs for external funding.

Corporate finance TMS solutionshelp manage corporate finances by analyzing avariety of data, including funds, transactions, foreign exchange rates, market dataand even third party information.

Deal capture treasury management systems will process and capture financialtrades while providing real-time information such as news and prices.

Front office and middle office TMS software encompasses activities within thedealing room and helps manage treasury risks.

Cash flow treasury management systems help companies monitor and analyzerevenues and expenses, improving the flow of finances and maintaining both solvencyand liquidity.

Corporate treasury management systems will analyze debt management, riskmanagement, cash pooling and corporate finance.

Debt management TMS solutions will improve the processing and cashmanagement of a debt portfolio while evaluating payments, cost and riskcharacteristics.

Treasury analytics systems incorporate software and services that analyzetreasury data, examining trends and finding ways to improve asset management andcash liquidity, thus enhancing your overall business routines
http://www.bobsguide.com/guide/treg.htmlhttp://www.bobsguide.com/guide/treg.htmlhttp://www.bobsguide.com/guide/corpf.htmlhttp://www.bobsguide.com/guide/corpf.htmlhttp://www.bobsguide.com/guide/dcap.htmlhttp://www.bobsguide.com/guide/dcap.htmlhttp://www.bobsguide.com/guide/fmo.htmlhttp://www.bobsguide.com/guide/fmo.htmlhttp://www.bobsguide.com/guide/cfl.htmlhttp://www.bobsguide.com/guide/cfl.htmlhttp://www.bobsguide.com/guide/corp.htmlhttp://www.bobsguide.com/guide/corp.htmlhttp://www.bobsguide.com/guide/debtm.htmlhttp://www.bobsguide.com/guide/debtm.htmlhttp://www.bobsguide.com/guide/pan.htmlhttp://www.bobsguide.com/guide/pan.htmlhttp://www.bobsguide.com/guide/pan.htmlhttp://www.bobsguide.com/guide/debtm.htmlhttp://www.bobsguide.com/guide/corp.htmlhttp://www.bobsguide.com/guide/cfl.htmlhttp://www.bobsguide.com/guide/fmo.htmlhttp://www.bobsguide.com/guide/dcap.htmlhttp://www.bobsguide.com/guide/corpf.htmlhttp://www.bobsguide.com/guide/treg.html


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TREASURY MANAGEMENT

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Treasury Management in India

India Framework

India is a geographically large and populous country located between theMiddle East and continental Asia.

The unit of currency is the Indian Rupee (INR). It is divided into 100 paiseand commonly referred to as the Rupee. Large quantities of Rupee arereferred to as lakh (INR 100,000) and crore (INR 10,000,000). The IndianRupee is freely traded on the foreign exchange market with its valuedetermined by market conditions.

The Reserve Bank of India (RBI) is the central bank and regulates all

financial institutions in the country. Central bank and other governmentreporting requirements have a significant impact on cash managementactivity and the regulatory environment is strict but liberalizing.

There are four check clearing systems and one electronic payment systemin India that relate to cash and treasury management. The systems areevolving rapidly to include electronic payments and an RTGS interbanksystem. Current systems are all essentially net period settlement systems(NPNS).

.

For tax purposes, a company is considered resident if it is incorporated in

India or if management and control of the enterprise is in India. Residentcompanies are taxed on their worldwide income unless exempted by treaty.Non resident companies are taxed on Indian source income only. Thecurrent rate of tax for resident corporations is 35% plus a surcharge of 10%

(total 38.5%) and for non resident corporations it is 48%. The complexity ofthe Indian tax code and the existence of various offsets make competent taxadvice in India a wise investment.


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METAS OF SEVENTHDAY ADVENTIST,SURAT Page 7

Treasury Management

Indian politics has at times placed a high degree of emphasis on self sufficiency,sometimes as the expense of traditional economic efficiency. Combined with

restrictions on foreign ownership of assets in India andarmed conflicts with immediate neighbors, development of multilateral trade flowssimilar to those of other Asian countries were slow to develop. As a result Indiaremains a large market but has not developed into a financial or manufacturing hubfor the region.

Most common treasury management techniques are prohibited in India; specificallymultilateral netting and notional pooling. Leading/lagging is permitted with specificrules on timing and amount. The principal objectiveof treasury management in India is efficient concentration of cash and prudentmanagement of Rupee exposure with the interface to a regional or global accountstructure managed on a manual basis.

Strict regulation of the Rupee, and until recently its lack of convertibility, limited therole of the Rupee to bilateral trade. Accordingly, traditional currencies of trade suchas the US dollar, Euro, GBP, and Japanese Yen are used in lieu of the Rupee.

Multiple INR accounts can be held to facilitate accounting objectives or as part of anoverall treasury strategy. Sweeping (zero balancing) and concentration arepermitted and are common business practice.

Accounts

The basic INR operating account is referred to as a current account and may beheld by resident or non-resident corporations. Banks are not permitted to payinterest on current accounts maintained by corporations. Deposit accounts whichmay also be held by resident and non-resident corporations are used to earninterest but the minimum tenor is 15 days. Overdrafts are permitted subject tomutual agreement with the bank with rates below INR 200,000 set by the RBI.

Resident and non-resident corporations registered in India may hold accounts inIndia that are denominated in Rupee, US Dollars, and other currencies subject toapproval by the RBI.

Overnight interest is not available and deposit accounts have a minimum tenor of

15 days. Additional short term investment options include government securities,treasury bills, inter company lending and investments in Unit Trust of India units.

Overdrafts are permitted, with the amount and rate determined by each bank for

amounts above INR 200,000. Loans against receivables and inventory are a more

typical form of bank finance which is the principal source of short term credit.


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Templeton India Treasury Management Account - IP - Growth : 1641.89 (NAVas on Feb 1, 2012)

52 Week High : 1641.89 as on Feb 1, 2012 | 52 Week Low : 1509.15 as on Feb 3,2011 | Benchmark Index - Crisil Liquid Fund Index : 1771.08 as on Feb 1, 2012

More schemes of Franklin Templeton Mutual Fund

Templeton India Children Asset Gift Plan - Growth

Templeton India Equity Income Fund - Growth

Franklin Templeton FTF - Series XIV (3 Years) - Plan B - Growth

Templeton India Children Asset Education Plan

Period 1 month 3 month 6 month 1 year 3 year 5 year Since Inception

Returns (%)0.77 2.26 4.48 8.84 6.42 7.24 6.73

Portfolio Attributes

Scheme Particulars

P/E NA

P/B NA

Dividend Yield NA

Market Cap (Rs. in crores) NA

Top 5 Holding (%) 61.07 as on Dec - 2011

No. of Stocks 1

Expense Ratio (%) 0.60

Risk Analysis

Risk ratios Percent

Mean (?) 0.12

Standard Deviation (?) 0.04
http://mf.appuonline.com/172-Templeton-India-Children-Asset-Gift-Plan-Growth/http://mf.appuonline.com/172-Templeton-India-Children-Asset-Gift-Plan-Growth/http://mf.appuonline.com/934-Templeton-India-Equity-Income-Fund-Growth/http://mf.appuonline.com/934-Templeton-India-Equity-Income-Fund-Growth/http://mf.appuonline.com/1856-Franklin-Templeton-FTF-Series-XIV-3-Years-Plan-B-Growth/http://mf.appuonline.com/1856-Franklin-Templeton-FTF-Series-XIV-3-Years-Plan-B-Growth/http://mf.appuonline.com/245-Templeton-India-Children-Asset-Education-Plan/http://mf.appuonline.com/245-Templeton-India-Children-Asset-Education-Plan/http://mf.appuonline.com/245-Templeton-India-Children-Asset-Education-Plan/http://mf.appuonline.com/1856-Franklin-Templeton-FTF-Series-XIV-3-Years-Plan-B-Growth/http://mf.appuonline.com/934-Templeton-India-Equity-Income-Fund-Growth/http://mf.appuonline.com/172-Templeton-India-Children-Asset-Gift-Plan-Growth/


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Sharpe (?) 0.4

Beta (?) 0.6

Treynor (?) 0.03

Sortino (?) NA

Correlation (?) 0.6

Fama (?) 0.01

Fund Features

Scheme Particulars

Type Open Ended

NatureShort Term Debt (Equity: 0%, Debt: 3.47%, Cash:96.53%)

Option Growth

Inception Date Jun 23, 2004

Face Value 1000

Fund Size (Rs.Crore) 2890.94 as on Dec 30, 2011

Fund Manager Pallab Roy , Sachin Padwal-Desai .

SIP NA

STP NA

SWP NA

Expense ratio(%) 0.6

Portfolio TurnoverRatio(%)

NA

Last Divdend Declared NA

Minimum Investment (Rs) 10000000


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11/22


G ECapitalServicesLtd

Finance NA 3.88NA

75.88

11.32

NA NA NA NA NA

RashtriyaIspatNigamLtd.

SteelandFerro..

NA 5.49NA

109.58

0.33 NA NA NA NA NA

EclFinanceLtd.

NBFC NA 4.28NA

123.8

-37.24

NA NA NA NA NA

Kotak

MahindraBank Ltd. Banks

41.0

7 7.21

N

A 105

-

68.18

511.0

5 0.02

515.4

0

498.2

5

513.0

0

UtkalAluminaInternational Ltd.

NonFerrousmet..

NA 4.98NA

99.4 0.34 NA NA NA NA NA

Axis BankLtd

Banks18.48

3.75NA

80 611075.90

-1.121108.70

1063.55

1094.00

Sbi Cards&PaymentServices

NBFC NA 3.5NA

74.65

50.76

NA NA NA NA NA

UnitedBank OfIndia

Banks 8.31 6.05NA

98.99

0.51 70.45 0.71 72.60 69.55 71.25

OrientalBank of

Commerce Ltd

Banks 7.07 4.33

N

A

148.

07

497.

6

280.8

0 4.04

283.0

0

267.7

0

273.0

0

HousingDevelopmentFinanceCorporation Ltd

HFC26.31

4.43NA

114.35

-42.21

685.75

-0.46696.00

682.80

696.00
http://www.appuonline.com/nse/nseshareprice.php?company_name=KOTAKBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=KOTAKBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=KOTAKBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=AXISBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=AXISBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNITEDBNKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNITEDBNKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNITEDBNKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=HDFChttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ORIENTBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNITEDBNKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNITEDBNKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNITEDBNKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=AXISBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=AXISBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=KOTAKBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=KOTAKBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=KOTAKBANK


12/22


GlobalTradeFinancePvt. Ltd.

NBFC NA 4.01NA

80 NA NA NA NA NA NA

KotakMahindraPrimus

NBFC NA 3.76NA


ONGCVideshLtd.

Petroleum,Gas ..

NA 3.75NA

74.73

0.34 NA NA NA NA NA

PunjabNational

Bank

Banks 6.3914.24

NA

411.64

18.03

952.80

-0.31973.70

920.00

969.90

NationalHousingBank

FI NA 5.5NA

322.86

9.14 NA NA NA NA NA

EdelweissSecuritiesLtd.

NBFC NA 7.88NA

150 500 NA NA NA NA NA

ICICI

BANKLTD.

Banks30.55 4.32

NA

199.28 NA NA NA NA NA NA

SBIFactors &CommercialServicesLtd.

NBFC NA 5.01NA


Reliance

IndustriesLtd

Petrole

um,Gas ..

18.52

5.49 NA

253.35

921.9

829.25

-0.23 842.70

824.15

835.00

JMFinancialProductsPvt Ltd.

NBFC122.58

4.12NA

99.68

0.3 NA NA NA NA NA

CanaraBank Ltd

Banks 5.32 7.34NA

346.6

0.79483.15

2.79498.40

463.55

498.40

View
http://www.appuonline.com/nse/nseshareprice.php?company_name=PNBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PNBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PNBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELIANCEhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELIANCEhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELIANCEhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://tips.appuonline.com/share/CANBK/http://tips.appuonline.com/share/CANBK/http://tips.appuonline.com/share/CANBK/http://tips.appuonline.com/share/CANBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELIANCEhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELIANCEhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELIANCEhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PNBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PNBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PNB


13/22


14/22


on Ltd Gas .. A 44 7 0 0 0 0 w

HindustanPetroleumCorporati

on Ltd.

Petroleum,

Gas ..

13.34

4.27NA

149.19

-39.7

9

283.95

-1.42291.85

281.25

289.05

View

Citibank Banks NA 6.05NA

98.99

NA NA NA NA NA NA

AllahabadBank

Banks 4.4613.14

NA

379.91

-6.99

167.40

2.17170.60

162.05

165.00

View

StateBank Of

Travancore Ltd

Banks 5.34 6.86N

A

99.8

3

0.75548.6

5

-0.14565.0

0

541.1

0

565.0

0

Vie

w

StateBank ofIndia

Banks19.03

3.94NA

139.13

87.83

2072.60

-0.242113.40

1982.30

2095.00

View

BharatPetroleumCorporation Ltd

Petroleum,Gas ..

15.79

3.7NA

129.53

4.6575.70

2.80579.00

564.65

568.00

View

UnionBank OfIndia Ltd.

Banks 8.64 3.87NA

100 NA234.25

-0.64243.20

230.00

242.00

View

Uco Bank Banks 3.5 4.2NA

198.59

-19.39

71.55 0.28 73.85 70.50 72.85View

Corporation Bank

Banks 4.54 8.23NA

273.35

6.49415.40

0.11420.05

410.50

419.00

View

AndhraBank

Banks 4.2510.15

NA

293.33

194.65

108.05

6.04110.00

101.00

103.00

RelianceCapitalLtd.

NBFC 26.1 4.18NA

197.62

NA368.65

0.07374.00

356.30

370.40

StateBank of

Hyderaba

Banks NA11.91

NA

173.44

0.81 NA NA NA NA NA
http://tips.appuonline.com/share/IOC/http://tips.appuonline.com/share/IOC/http://tips.appuonline.com/share/IOC/http://tips.appuonline.com/share/IOC/http://tips.appuonline.com/share/IOC/http://www.appuonline.com/nse/nseshareprice.php?company_name=IOChttp://tips.appuonline.com/share/IOC/http://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://tips.appuonline.com/share/HINDPETRO/http://tips.appuonline.com/share/HINDPETRO/http://www.appuonline.com/nse/nseshareprice.php?company_name=ALBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ALBKhttp://tips.appuonline.com/share/ALBK/http://tips.appuonline.com/share/ALBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://tips.appuonline.com/share/SBT/http://tips.appuonline.com/share/SBT/http://www.appuonline.com/nse/nseshareprice.php?company_name=SBINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBINhttp://tips.appuonline.com/share/SBIN/http://tips.appuonline.com/share/SBIN/http://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://tips.appuonline.com/share/BPCL/http://tips.appuonline.com/share/BPCL/http://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://tips.appuonline.com/share/UNIONBANK/http://tips.appuonline.com/share/UNIONBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=UCOBANKhttp://tips.appuonline.com/share/UCOBANK/http://tips.appuonline.com/share/UCOBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=CORPBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CORPBANKhttp://tips.appuonline.com/share/CORPBANK/http://tips.appuonline.com/share/CORPBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=ANDHRABANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ANDHRABANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELCAPITALhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELCAPITALhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELCAPITALhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELCAPITALhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELCAPITALhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELCAPITALhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ANDHRABANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ANDHRABANKhttp://tips.appuonline.com/share/CORPBANK/http://tips.appuonline.com/share/CORPBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=CORPBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CORPBANKhttp://tips.appuonline.com/share/UCOBANK/http://tips.appuonline.com/share/UCOBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=UCOBANKhttp://tips.appuonline.com/share/UNIONBANK/http://tips.appuonline.com/share/UNIONBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://tips.appuonline.com/share/BPCL/http://tips.appuonline.com/share/BPCL/http://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://tips.appuonline.com/share/SBIN/http://tips.appuonline.com/share/SBIN/http://www.appuonline.com/nse/nseshareprice.php?company_name=SBINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBINhttp://tips.appuonline.com/share/SBT/http://tips.appuonline.com/share/SBT/http://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://www.appuonline.com/nse/nseshareprice.php?company_name=SBThttp://tips.appuonline.com/share/ALBK/http://tips.appuonline.com/share/ALBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=ALBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=ALBKhttp://tips.appuonline.com/share/HINDPETRO/http://tips.appuonline.com/share/HINDPETRO/http://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://tips.appuonline.com/share/IOC/http://www.appuonline.com/nse/nseshareprice.php?company_name=IOC


15/22


d

HindalcoIndustriesLtd

NonFerrousmet..

19.09

1.41NA

99.71

NA158.00

3.13159.00

152.50

155.60

View

HindustanPetroleumCorporation Ltd

Petroleum,Gas ..

NA 5.93NA

347.72

-2.19

283.95

-1.42291.85

281.25

289.05

View

CanaraBank Ltd.

Banks 7.64 1.41NA

99.66

0.68483.15

2.79498.40

463.55

498.40

View

GIC

HousingFinanceLtd.

HFC 10.92 1.41 NA 99.64 101.21 86.10 2.07 87.70 84.40 85.00 View

VijayaBank

Banks 8.01 6.32NA

223.08

50.22

56.05 -0.62 57.50 54.90 56.80View

UnionBank OfIndia Ltd

Banks 8.06 6.87NA

100 -50234.25

-0.64243.20

230.00

242.00

View

Yes BankLtd.

Banks 13.78

7.27 NA

175 NA 339.00

0.85 341.50

328.15

338.50

View

MagmaFincorpLtd

NBFC11.11

12.15

NA

348.19

17.55

58.10 2.20 59.50 57.45 58.00View

CoromandelInternational Ltd.

Fertilizers, Pe..

12.86

4.33NA

148.05

NA259.80

-3.67271.80

258.00

270.00

View

EdelweissCapitalLtd.

NBFC32.06

8.41NA

279.27

182.14

NA NA NA NA NA

Punjab &Sind Bank

Banks 3.5 5.09NA

147.15

491.4

71.05 4.18 71.30 68.30 68.35View

CashManagem

NA NA 4.12NA

99.29

NA NA NA NA NA NA
http://www.appuonline.com/nse/nseshareprice.php?company_name=HINDALCOhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDALCOhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDALCOhttp://tips.appuonline.com/share/HINDALCO/http://tips.appuonline.com/share/HINDALCO/http://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://tips.appuonline.com/share/HINDPETRO/http://tips.appuonline.com/share/HINDPETRO/http://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://tips.appuonline.com/share/CANBK/http://tips.appuonline.com/share/CANBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://tips.appuonline.com/share/GICHSGFIN/http://tips.appuonline.com/share/GICHSGFIN/http://www.appuonline.com/nse/nseshareprice.php?company_name=VIJAYABANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=VIJAYABANKhttp://tips.appuonline.com/share/VIJAYABANK/http://tips.appuonline.com/share/VIJAYABANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://tips.appuonline.com/share/UNIONBANK/http://tips.appuonline.com/share/UNIONBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=YESBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=YESBANKhttp://tips.appuonline.com/share/YESBANK/http://tips.appuonline.com/share/YESBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=MAGMAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=MAGMAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=MAGMAhttp://tips.appuonline.com/share/MAGMA/http://tips.appuonline.com/share/MAGMA/http://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://tips.appuonline.com/share/COROMANDEL/http://tips.appuonline.com/share/COROMANDEL/http://www.appuonline.com/nse/nseshareprice.php?company_name=PSBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PSBhttp://tips.appuonline.com/share/PSB/http://tips.appuonline.com/share/PSB/http://tips.appuonline.com/share/PSB/http://tips.appuonline.com/share/PSB/http://www.appuonline.com/nse/nseshareprice.php?company_name=PSBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=PSBhttp://tips.appuonline.com/share/COROMANDEL/http://tips.appuonline.com/share/COROMANDEL/http://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://www.appuonline.com/nse/nseshareprice.php?company_name=COROMANDELhttp://tips.appuonline.com/share/MAGMA/http://tips.appuonline.com/share/MAGMA/http://www.appuonline.com/nse/nseshareprice.php?company_name=MAGMAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=MAGMAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=MAGMAhttp://tips.appuonline.com/share/YESBANK/http://tips.appuonline.com/share/YESBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=YESBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=YESBANKhttp://tips.appuonline.com/share/UNIONBANK/http://tips.appuonline.com/share/UNIONBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=UNIONBANKhttp://tips.appuonline.com/share/VIJAYABANK/http://tips.appuonline.com/share/VIJAYABANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=VIJAYABANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=VIJAYABANKhttp://tips.appuonline.com/share/GICHSGFIN/http://tips.appuonline.com/share/GICHSGFIN/http://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://www.appuonline.com/nse/nseshareprice.php?company_name=GICHSGFINhttp://tips.appuonline.com/share/CANBK/http://tips.appuonline.com/share/CANBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=CANBKhttp://tips.appuonline.com/share/HINDPETRO/http://tips.appuonline.com/share/HINDPETRO/http://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDPETROhttp://tips.appuonline.com/share/HINDALCO/http://tips.appuonline.com/share/HINDALCO/http://www.appuonline.com/nse/nseshareprice.php?company_name=HINDALCOhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDALCOhttp://www.appuonline.com/nse/nseshareprice.php?company_name=HINDALCO


16/22


ent Bill

IndianOverseasBank

Banks 5.32 5.21NA

149.28

1 87.05 -1.30 90.25 86.55 89.00View

SteelAuthorityof IndiaLtd

SteelandFerro..

7.77 5.08NA

298.11

NA105.40

0.72106.75

102.00

105.90

View

StateBank OfBikaner &Jaipur

Banks 4.95 3.85NA

99.39

0.73 NA NA NA NA NA

TataTeleservices(Maharashtra) Ltd.

TelecomService..

NA 3.47NA

100.31

-0.25

15.85 -2.76 16.50 15.10 16.40View

RelianceMediaworks Ltd.

MediaandEnter..

NA 4.2NA

108.4

996.88

82.85 -1.25 85.45 81.50 84.60View

IndusIndBank Ltd.

Banks 15.05

5.95 NA

348.87

41.06

299.15

1.94 300.60

288.00

293.00

View

BharatPetroleumCorporation Ltd.

Petroleum,Gas ..

NA 4.23NA

248.34

0.75575.70

2.80579.00

564.65

568.00

View

MorganStanley (I)Capital

Pvt Ltd.

NBFC NA 5.13NA

148.23

199.87

NA NA NA NA NA

SyndicateBank

Banks 4.27 4.23NA

122.33

NA 99.10 1.33 99.40 95.70 98.25View

*Note: Value is in Rs. crores | 1 mth chng is the change in stock's volume as held inthe scheme w.r.t. last month | LTP, %Chng, High, Low, Open depicts latest shareprice update

Sector Allocation (%)
http://www.appuonline.com/nse/nseshareprice.php?company_name=IOBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=IOBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=IOBhttp://tips.appuonline.com/share/IOB/http://tips.appuonline.com/share/IOB/http://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://tips.appuonline.com/share/SAIL/http://tips.appuonline.com/share/SAIL/http://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://tips.appuonline.com/share/TTML/http://tips.appuonline.com/share/TTML/http://www.appuonline.com/nse/nseshareprice.php?company_name=RELMEDIAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELMEDIAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELMEDIAhttp://tips.appuonline.com/share/RELMEDIA/http://tips.appuonline.com/share/RELMEDIA/http://www.appuonline.com/nse/nseshareprice.php?company_name=INDUSINDBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=INDUSINDBKhttp://tips.appuonline.com/share/INDUSINDBK/http://tips.appuonline.com/share/INDUSINDBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://tips.appuonline.com/share/BPCL/http://tips.appuonline.com/share/BPCL/http://www.appuonline.com/nse/nseshareprice.php?company_name=SYNDIBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SYNDIBANKhttp://tips.appuonline.com/share/SYNDIBANK/http://tips.appuonline.com/share/SYNDIBANK/http://tips.appuonline.com/share/SYNDIBANK/http://tips.appuonline.com/share/SYNDIBANK/http://www.appuonline.com/nse/nseshareprice.php?company_name=SYNDIBANKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SYNDIBANKhttp://tips.appuonline.com/share/BPCL/http://tips.appuonline.com/share/BPCL/http://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=BPCLhttp://tips.appuonline.com/share/INDUSINDBK/http://tips.appuonline.com/share/INDUSINDBK/http://www.appuonline.com/nse/nseshareprice.php?company_name=INDUSINDBKhttp://www.appuonline.com/nse/nseshareprice.php?company_name=INDUSINDBKhttp://tips.appuonline.com/share/RELMEDIA/http://tips.appuonline.com/share/RELMEDIA/http://www.appuonline.com/nse/nseshareprice.php?company_name=RELMEDIAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELMEDIAhttp://www.appuonline.com/nse/nseshareprice.php?company_name=RELMEDIAhttp://tips.appuonline.com/share/TTML/http://tips.appuonline.com/share/TTML/http://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://www.appuonline.com/nse/nseshareprice.php?company_name=TTMLhttp://tips.appuonline.com/share/SAIL/http://tips.appuonline.com/share/SAIL/http://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://www.appuonline.com/nse/nseshareprice.php?company_name=SAILhttp://tips.appuonline.com/share/IOB/http://tips.appuonline.com/share/IOB/http://www.appuonline.com/nse/nseshareprice.php?company_name=IOBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=IOBhttp://www.appuonline.com/nse/nseshareprice.php?company_name=IOB


17/22


Sector Funds

Banks 89.43

Current Assets -14.51

Custodial, Depository, Exchanges and rating agencies 0.86

Engineering and Capital Goods 1.69

HFC 1.70

NBFC 15.66

Petroleum, Gas and petrochemical products 1.70

Telecom Services 3.47

Scheme Facts

Scheme Particulars

Increase/Decrease in Fund Sizesince Jun 30, 2009 (Rs. in

crores)

-2974.5

Mutual FundFranklin Templeton Mutual Fund Level 4,Wockhardt Towers Bandra Kurla Complex, Bandra(East). Mumbai Tel.-67519100

Asset Management CompanyFranklin Templeton Asset Management (India)Pvt. Ltd. Wockhardt Towers, 4th Floor, BandraKurla Complex, Mumbai - 400051 Tel.- 67519100 ,

Registrar

Franklin Templetion Asset Managment (India) Pvt.

Ltd. Franklin Templetion Centre, no.7, 3rd CrossStreet, Adyar Chennai Tel.-24407000,


18/22



19/22


References

[1] ARRUDA, J.E.; WEILER, M.D.; VALENTINO, D.; WILLIS, W.G.; ROSSI, J.S.; STEM,

R.A.; GOLD, S.M.; COSTA, L. (1996): A guide for applying principal components analysis

and confirmatory factor analysis to quantitative electroencephalogram data, International

Journal of Psychophysiology, 23 (1-2), pp. 63-81.

*2+ AWAN, S. (2001): Tripartite repo: a flexible friend, Banker, 151, pp. 84-85.

*3+ BAGOZZI, R.P. & YI, Y. (1994): Advanced topics in structural equation models in

BAGOZZI, R.P. (Ed.), Advanced methods of marketing research, Blackwell, Oxford, pp. 1-51.

*4+ BAUMOL, W.J. (1952): The transactions demand for cash: an inventory theoretic

approach,

The Quarterly Journal of Economics, 66(4), November, pp. 545-557.

[5] BERANEK, W. (1963): Analysis for financial decisions, Irwin, Homewood.

[6] BORT, R. (2004): Corporate cash management handbook, Warren Gorham and Lamont

RIA

Group, New York.

[7] BUCKLEY, A. (2004): Multinational finance, 15 edicin, Prentice-Hall, Europe.

[8] CAMERON, K. & QUINN, R. (1999): Diagnosing and changing organizational culture,

Addison-Wesley Series, New York.

[9] CASANOVAS, M. & FERNNDEZ, A. (2001): E-tesorera, Gestin 2000, Barcelona.

*10+ CHARRO, A.M. & ORTIZ, J.F. (1996): La funcin de tesorera en la empresa: banca

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