One deadbeat client made cash flow tight but wasn't a disaster.
So we are able to create a cash bucket, which is designed for those immediate distributions, and then we have a reserve bucket that is designed to reserve that cash so that the client knows that it is safe for those future distributions.
They may end up losing more client money in cash terms than they ever made.
"There's a greater percentage of our client assets in cash than we've ever seen before, " Pestrichelli acknowledged.
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Linda Kerns, a Philadelphia divorce lawyer, recalls a client who ran a cash-based business with her husband.
In the example of going to cash for a year, we would want to also consider the possibility that this might not be the only event that would cause the client to go to cash so we would want to see the impact for more than just one year.
He has long denied any wrongdoing, and defense attorney James Thomas told jurors that his client often was showered with cash gifts from city workers and political supporters during holidays and birthdays.
In another example Conway flew to Brazil to help Talaris, a British portfolio company that makes ATMs and other cash-handling equipment, become a client of Banco do Brasil, a Carlyle fund partner.
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"It's a great time to be a company that has a reasonably stable client base and a big pile of cash, " says Roger Kay, an analyst with Endpoint Technologies Associates.
If payment is subsequently authorized by the client, the informant can be paid in cash with no identification required.
Under the same pilot scheme, the regulators have approved another HSBC client to reduce its cross-border foreign currency cash management to a single payment.
For example, consider the aforementioned client with which we modeled the impact of going to cash for one year.
Niederauer will look over NYSE's cash equities operations, including institutional and member firm group sales and client services for both the exchange floor and the electronic network acquired in last year's merger with Archipelago Holdings.
He said the cheap money has compressed the bank's lending margins and spreads it makes on client transactions, as well as the returns the bank makes on cash and short-term securities.
When ledger legerdemain is rampant, we learn, everybody seems to win: The apparently golden financial results push up the stock, allowing company executives to cash in sweet options grants and the accountants to retain a high-paying client.
By his own admission, Mr Weis, the founder and chief executive, began pilfering client money in the 1990s to fill gaps and shortfalls in the daily delivery of cash.
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