International Cash Management & Treasury Bootcamp

Take 5 days to learn what could take up to 2 years on the job.

2 - 6 December 2019 | London, United Kingdom

If you work in Cash Management and Treasury, you need to attend this course. Over five days, we cover everything you need to know, from the latest treasury technology to selecting the right bank. You will also have the opportunity to meet fellow professionals from around the world and build relationships that will support you in your ongoing treasury career.

This practical course will enable you to apply the 4 principles of international treasury and cash management:

  • Visibility – Know where your cash is
  • Mobilisation – Make it available
  • Optimisation – Invest it
  • Compliance – Keep in line with current regulations/governance

What you will discover

  • A step-by-step guide to centralising treasury
  • What treasurers need to be doing on a day-to-day basis
  • The best way to connect treasury and ERP systems to banks
  • Supply chain financing and other financing options
  • How having an effective hedging policy is essential and will determine the best use of FX risk management

Guest speakers

The course will illustrate the theory with real life presentations from Corporate Treasurers.

This year’s line up will be confirmed shortly

By the end of the course you will be able to

  • Manage a RFP and selection process from start to finish
  • Develop treasury policies to better manage risk and controls
  • Make liquidity visible, available and usable
  • Manage the balance sheet
  • Improve the accuracy of your cash forecasts
  • Benchmark your practices against your peers’

2019 hot topics

  • What’s your plan for the transition from LIBOR to RFRs like SONIA?
  • Is Blockchain becoming a reality?
  • Where does SAP HANA and BI fit in your treasury plans?
  • What’s new in the next generation of Liquidity and Virtual Account solutions?
  • What does SWIFT GPI mean? Will it change correspondent banking?
  • How automation can help you optimise your working capital?
  • Is your organisation protected against cybercrime?

Why attend?

  • Practical, hands-on training featuring corporate case studies and group exercises
  • Intensive 5-day residential course – learn everything you need to know in just 5 days
  • Delivered by EuroFinance the trusted, industry leading training provider
  • Proven track record – over 300 treasury professionals have attended this course
  • Experienced tutors that address your real-life challenges
  • Network with your industry peers – we attract professionals from over 60 countries
  • Learn instantly applicable knowledge and skills to take back to the office
  • Earn up to 35 NASBA CPE credits, CPD certified
  • Plus! Entertainment programme – dinners and evening entertainment

What can you expect? Watch this taster video

An introduction to choosing the right liquidity tool for your treasury – zero balancing or notional pooling.  Presented by Chris Robinson, Senior EuroFinance Tutor.

Watch video

Who should attend?

  • Corporate treasurers and finance professionals – We know it’s time consuming to keep on top of the latest developments, so the International Treasury & Cash Management Bootcamp does the leg-work for you by annually providing an in-depth look at the latest treasury technologies and techniques. We create the programme on a practical level, as well as theoretical so that you can hit the ground running on return to the office with instantly applicable knowledge and skills.
  • Financial institutions and service providers – this is the perfect opportunity for non-treasury professionals to better understand their clients’ day-to-day challenges and discover where their solutions fit. Start thinking like a treasurer and get one step ahead of your competitors.

Pricing

Early registration – book by Friday 27 September Full registration
Residential £5,535 £6,995
Non-residential £4,825 £6,175

Please add 20% VAT to all prices

  • Residential prices include accommodation, dinner and evening entertainment.
  • Non-residential prices do not include accommodation, dinner and evening entertainment.
  • If non-residential delegates would like to take part in the dinner and evening arrangements, they can do so at a cost of £50+VAT per evening.
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Agenda

  • Treasury, Liquidity and Money Movement
    Start time: 8:15 am

    Introduction to corporate treasury and cash management

    • The role of treasury and its core elements
    • Why treasuries differ between companies
    • Sources of financial risk – foreign exchange risk; interest rate risk; credit risk; counterparty risk
    • What is cash management and how it links with other treasury functions
    • The benefits of good cash management
    • Treasury policy framework

    Trends and best practice in international treasury

    • Trends in today’s market
    • Current global perspectives of treasurers
    • Impact of regulation
    • Creating efficiency in the supply chain
    • Managing treasury with a global process
    • Creating centralised and distributed treasury

    Cash pooling – notional and cash concentration

    • Definitions and types of notional pooling
    • Single country single currency pooling
    • Cross-border single currency pooling
    • Tax and regulatory issues
    • Documentation
    • Cash concentration and zero balancing
    • Money market investment
    • Mobilising core balances
    • Impact of Basel III and proposed Us Section 385
    • Virtual Accounts: the next generation

    Case study

    • Overview of client case study that will be used throughout the program to illustrate the key learnings

    Clearing and settlement systems (with European, US and Asian examples)

    • Types – net settlement, RTGS, hybrid
    • Clearing and settlement risks
    • High value payment clearing
    • Low value ACH clearing and cheque clearing
    • TARGET2, SEPA
    • Major clearing systems around the world
    • Concepts of float, value dating and finality
    • Domestic payment/collection instruments

    The international banking system

    • Who are the players?
    • How money moves – interactive role play
    • Understanding SWIFT and the different types of messages
    • Cross-border payments globally and in the Eurozone
    • Impact of SWIFT gpi – new style correspondent banking
    • Corresponding bank charges
    • Straight-through processing (STP)
    • Currency cheque and draft collections
    • Letters of credit and documentary collections

    Exercise: Looking at different payment and collection instruments in practice

    Emerging payment methods

    • Faster payments – specific country implementations
    • Mobile payment solutions
    • Blockchain – a primer
    • Potential Blockchain solutions and current activities
    • Disruptive technology – fintech solutions in the payment space
    • Impact of OpenBanking
  • Risk, Debt and Investment in Treasury
    Start time: 8:30 am

    Managing debt and Investing Surpluses

    • Short-term or long-term debt
    • Challenge of re-financing facilities
    • WACC – weight average cost of capital
    • Using the debt markets
    • Fees, covenants, agreements
    • Impact of new reference rates RFR SONIA

    Investing surpluses

    • Choice of instruments and asset classes
    • Yield curve pickup
    • Maximising investable cash
    • Benchmarking investment performance
    • Impact of negative interest rates
    • Appropriate treasury and risk policies

    Case study: FX hedging and risk management

    John Donegan, Director of Treasury EMEA, Hewlett Packard Enterprise

    Linking cash flow forecasting to working capital management

    • Optimising working capital
    • Order to cash and purchase to pay cycles
    • Actions to reduce float
    • Accounting and compliance issues

    Cash flow forecasting

    • Objectives of forecasting
    • Short-term and long-term forecasts
    • Models – Miller Orr etc.
    • Receipts and disbursement methods
    • Distribution method; pro-forma statements

    Exercise: cash flow forecasting

    • Practical exercise to forecast cash needs and investment balances

    Local and foreign currency accounts

    • Where to hold them and manage them
    • Implications for banking costs
    • Importance of correct ‘ownership’
    • Resident/non-resident issues

    Exercise: account location

    • Practical problems of where to hold currency accounts
  • Regulatory, Centralisation of Management
    Start time: 8:30 am

    Compliance and regulatory issues

    • New regulatory environments
    • Framework of policies and procedures
    • Basel III
    • AML and KYC procedures for banks
    • Dodd-Frank and EMIR
    • Money Market Regulation
    • BEPS (Base Erosion and Profit Shifting)

    Inter-company netting

    • Types of netting
    • Financial flows and inter-company FX
    • Netting drivers
    • Example netting analysis
    • Structural and policy issues
    • Case studies
    • Netting review checklist
    • Netting methods

    Case study: In-house banking – Wyndham’s experience

    Planning and implementation

    • What is an in-house bank?
    • Why have an in-house bank?
    • Considerations when establishing an IHB
    • Cost or profit centre

    Running an in-house bank

    • How WOOL works
    • Netting considerations
    • The inter-company netting process
    • The benefits

    The future and learnings

    • Current developments
    • Environmental factors – Lessons learnt

    Mike Cassidy, Treasury Director

    Michelle Lau, Treasury Manager

    In-house Banking & EMEA, Wyndham Destinations

    Approaches to treasury organisation and impact on cash management

    • Levels of treasury responsibility
    • Decentralised vs. distributed vs. centralised approaches
    • Full centralisation
    • In-house banking – the main functions
    • Typical treasury structures used by MNCs
    • Newer structures – POBO/COBO – “Pay/Collect on behalf of”

    Managing a bank treasury

    • Differences between banks and corporates
    • Role of ALCO committees
    • Money market and funding desks
    • Matching assets and liabilities
    • Managing the gap
    • Central bank regulatory considerations
    • Reserves, collateral, Tier 1 capital

    Case study: running a regional treasury centre

    • Practical approach to managing treasury for a large multi-national company
    • FX, hedging, currency pooling and netting
    • Creating a centralised payments process from SAP
  • Shared Service Centres, fraud and cybercrime
    Start time: 8:30 am

    Shared service centres and payment factories

    • What functions could go into a shared service centre?
    • Where to locate your SSC
    • Integration with ERP accounting
    • Payment factories – functionality
    • Technology to link to one lead bank or multiple banks
    • Challenges with domestic instruments and paper

    Banking systems

    • Electronic Banking Channels – Proprietary and Industry solutions
    • Linking electronic banking to the corporate treasury management system
    • File versus message channels
    • Importance of ISO20022
    • SAP Financial Services Network
    • eBAM – Bank Account Management
    • Multi banking aggregation
    • Achieving straight-through processing
    • Is Blockchain a reality? How to use it
    • Machine Learning and AI
    • Smart Contract applications

    Fraud and CyberCrime

    • Treasury policies to protect your treasury
    • Common cyber attacks today
    • Phishing, spoofing and social engineering
    • Hardening systems and firewalls
    • Encryption and authentication controls
    • Recovery plan from a cyber attack

    Journey to automation – A corporate case study by Royston Da Costa, Ferguson Plc

    • Treasury Management System
    • Global Cash Pooling
    • Online Dealing (including Money Markets portal)
    • Automated interface into ERP (including Market Data)
    • SWIFT (cash visibility using MT940s)
    • EMIR
    • Implementation of a new TMS (Cloud based)
    • Impact of Cyber Crime on Treasury

    Corporate access to SWIFT: MA-CUGs/SCORE

    • SWIFT SCORE solutions for multi-banking
    • Best-practice use of FIN and FileAct
    • SWIFT Bureau or SWIFT Alliance Lite 2?
    • BIC – Replacing BEI codes
    • Hidden costs – evaluating the options
    • Control, contingency and security
    • SWIFT Services – SWIFT Ref, 3Skey, Sanctions Screening

    Selection, implementation and integration of treasury management systems

    • The major providers – choosing, comparing
    • System integration – what can be achieved?
    • The system project checklist – what to do, when to do it, what to avoid, what resources
    • Adapting to today’s compliance environment
    • Risk systems integration
    • Bank support and reporting
    • Latest trends and enhancements
  • Financial Supply Chain Management, Treasury Systems and Bank Selection
    Start time: 8:30 am

    Working capital

    • Working capital metrics
    • The cash conversion cycle
    • Approaches to optimising working capital
    • Comparison of working capital benchmarks

    Financing the supply chain (seller centric)

    • Understanding the supply chain
    • Flow of value versus goods versus funds
    • Example of seller centric finance – receivables finance
    • Selling and financing receivables
    • Balance Sheet implications of financing
    • Worked example: Benefits of receivables finance

    Financing the supply chain (buyer centric)

    • Example of buyer centric finance – supply chain finance
    • Understanding the credit differential
    • Creating a supply chain finance program
    • Accounting challenges
    • Supplier onboarding
    • Implementation options
    • Comparison with dynamic discounting

    Corporate cards

    • Use of commercial cards for business flows
    • Purchase cards – controls and expense management
    • Using cards for traditional procurement spend
    • Linking into T&E systems SAP/Concur
    • Integrating with latest procurement platforms – Coupa SciQuest
    • Pre-paid as an alternative to cash distribution

    Team exercise: Developing requirements for a multi-national corporate

    • Summarising the requirements
    • Defining the areas of inefficiency
    • Identifying potential solutions
    • Understanding priorities and challenges of implementation
    • Corporate teams will focus on requirements and bank selection process
    • Banker teams will propose viable solutions and differentiate themselves

    Report back

    • Each team will present its solution to the class
    • Question and answer session with each team
    • Analysis of exercise findings by course tutor

    The bank selection and RFP process

    • The tender document – what to include
    • Linking cash management and credit requirements
    • Review of domestic bank selection criteria
    • Selection for pan-European and global purposes
    • Bank geographic strategies
    • Local or regional banks?
    • Identifying and pre-qualifying banks
    • How to evaluate the bank responses – benchmarks, formats
    • Handling the short list and negotiation meetings
    • What multinational corporates are looking for
    • Understanding what constitutes best practice (mandates, relationships)
    • How banks respond to RFPs Approaches to pricing and service quality

    Quiz

    • Fun, multiple choice exercise to recap

    What to expect in the future

    • What to expect in the coming year and beyond
    • Policy agenda issues for treasurers
    • New banking products
    • Key infrastructure developments

    End of course and presentation of certificates

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