This is a flow variable and so should largely exclude currency valuation effects, but the drawback is that it will usually overstate the amount of official FX intervention as it includes monthly foreign exchange transactions by the PBoC and commercial banks.

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With the majority of CDOs being backed by mortgages, the principal-only tranche has a known future cash flow, but at a variable rate of return, while the interest-only tranche has both an unknown cash flow and an unknown rate of return on that cash flow.

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We are also encouraged by URS' strong free cash flow generation, which is a result of its variable-cost focus.

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Yes, says Strathclyde's Mr Hughes Hallett, but the stock of existing home loans (as opposed to the flow of new ones) is still mostly at a variable rate.

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The plans for the motorway near Sheffield include variable mandatory speed limits displayed on overhead and verge-mounted signs to smooth traffic flow and reduce congestion said the agency.

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The triple net feature allows for a more predictable cash flow stream because the building owner is not burdened with having to pay for the variable costs.

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