A year of twists and turns (TT JanFeb08 p44-46)

Findings that stood out in JPMorgan’s 2007 Global Cash Management Survey were an unexpected rise in the number of banking relationships, an increasing focus on yield by treasurers, and a greater proportion of surplus cash being held in euro. Unexpectedly, the trend of recent years towards fewer banking relationships reversed this year, for both primary and secondary relationships. One potential reason for this change could have been the credit market turmoil, which may have prompted cash managers to cast their nets wider in search of better yield and services, and to spread risk.