Risk Management bukanlah hanya mengenai penggunaan derivatif untuk

mengelola eksposur suku bunga dan valuta asing, melainkan penggunaan

pendekatan portofolio dalam mengelola keseluruhan risiko yang dihadapi
perusahaan. Risk Management juga bukan hanya mengenai pengembangan
sistem dan proses pengendalian yang tepat, tetapi juga mengenai penempatan
orang dan pengembangan budaya risiko yang tepat. Demikian pula, Risk
Management bukan hanya mengenai upaya untuk mengurangi potensi risiko
yang bersifat merugikan (downside potential), tetapi juga terkait dengan upaya
untuk meningkatkan peluang keberhasilan (upside opportunity) atau prospek
keuntungan.

Companies invest assets in investment securities (also called marketable

securities).

Investment securities vary widely in terms of the type of securities that a company

invests in and the purpose of such investment. Some investments are temporary
repositories

of excess cash held as marketable securities. They also can include funds awaiting

investment in plant, equipment, and other operating assets, or can serve as funds
for

payment of liabilities. The purpose of these temporary repositories is to deploy idle

cash

in a productive manner. Other investments, for example equity participation in an

affiliate,

are often an integral part of the companys core activities.

Investment securities can be in the form of either debt or equity. Debt securities are

securities representing a creditor relationship with another entityexamples are

corporate

bonds, government bonds, notes, and municipal securities. Equity securities are

securities representing ownership interest in another entityexamples are common

stock and nonredeemable preferred stock. Companies classify investment securities

among their current and/or noncurrent assets, depending on the investment horizon
of

the particular security.