[Verse 1]
When your company has payments due ahead
Bills and bonds that must be fed
There's a strategy that's tried and true
Match your cash flows through and through
Buy the bonds with payment dates
That align with what awaits
Simple plan, conservative way
Cash comes in on the day you pay
[Chorus]
Cash flow matching, date by date
Every payment calculated
Bond receipts and liability
Perfect synchronicity
Match the timing, match the amount
Every dollar you can count
Conservative and crystal clear
Cash flow matching keeps you near
[Verse 2]
Corporate pension needs to pay
Retirees month by month each day
Treasury bonds with varied terms
Give you cash when payment terms
Come around, no guessing games
No reinvestment risk or claims
What you buy is what you get
Predetermined, solid bet
[Chorus]
Cash flow matching, date by date
Every payment calculated
Bond receipts and liability
Perfect synchronicity
Match the timing, match the amount
Every dollar you can count
Conservative and crystal clear
Cash flow matching keeps you near
[Bridge]
But there are limits to this plan
Higher costs than other spans
Less flexibility to change
Narrow bond selection range
Credit risk still lurks around
If your issuer hits the ground
Perfect match comes at a price
Conservative but not precise
[Verse 3]
When you need that certainty
And you've got liability
That's fixed in time and amount due
Cash flow matching works for you
Pension funds and insurance firms
Use this strategy in their terms
Simple, safe, and easy track
Guaranteed your money's back
[Chorus]
Cash flow matching, date by date
Every payment calculated
Bond receipts and liability
Perfect synchronicity
Match the timing, match the amount
Every dollar you can count
Conservative and crystal clear
Cash flow matching keeps you near
[Outro]
Match it up and lock it down
Cash flow matching, safe and sound