EuroFinance

Course agenda

• Day 1 Corporate Treasury, Banking and Cash Management
  • 9.00am-5.30pm

    Welcome and overview

    The role of corporate treasury

    • Typical models
    • Treasury centres
    • Front, middle and back offices
    • Cash and liquidity management
    • Risk management – interest rate and currency risk
    • Funding and investment
    • Policy framework
    • Measuring the impact of treasury

    The elements of cash and liquidity

    • Management
    • What is cash management
    • Why it is important to a company
    • What are the links between payments and cash management
    • The role of a corporate cash manager

    Domestic and international banking systems – Part 1

    • Opening bank accounts and types of bank account
    • Domestic payment and collection instruments
    • Domestic clearing and settlement systems
    • Resident and non-resident bank accounts

    Domestic and international banking systems – Part 2

    • International payment and collection instruments
    • International clearing and settlement system
    • TARGET and SWIFT

    Value dating and float

    • Value dating
    • The concept of float
    • Interest and bank charges
    • Managing costs and maximising returns

    Multi-lateral netting

    • Features
    • Technologies
    • Benefits
    • Extensions

    Electronic and internet banking for corporates

    • What is electronic banking?
    • Electronic banking products
    • The treasury management system
    • What do corporates want from an electronic banking system?
    • Linking electronic banking to the corporate treasury management system

    Group exercise

    • Assessing the effectiveness of a treasury and cash management structure
• Day 2 Cash and Liquidity Management
  • 9.00am-5.30pm

    Liquidity management techniques

    • Cash concentration and pooling
    • Zero balancing
    • Notional cash pooling
    • Tax, legal and regulatory constraints

    Foreign currency accounts

    • Why hold a Foreign Currency Account
    • Where accounts can be held

    Cash management group exercise
    Attendees will participate in a case study to determine the most appropriate bank account structure for a multinational company

    Introduction to the money markets

    • Primary and secondary markets
    • Disintermediation
    • The yield curve
    • How rates are quoted – discount or yield

    Investing corporate cash

    • Bank instruments
    • Capital market instruments
    • Regulatory changes

    Corporate funding

    • Bank funding
    • Bi-lateral, clubs and syndicates
    • Documentation and covenants
    • Asset financing techniques

    Money market quiz

    Introduction to foreign exchange markets

    • What is foreign exchange?
    • Exposure to foreign exchange
    • How the markets work

    The main instruments and how they are priced

    • Spot
    • Forward
    • Swaps

    Group exercise
    Participants will practice real life FX calculations in a simulated dealing exercise.

    End of day 2

• Day 3 Financial risk and treasury processes
  • 9.30am-5.30pm

    What is financial risk and risk management policy?

    • Sources of financial risk
    • Foreign exchange risk
    • Interest rate risk
    • Credit risk
    • Counterparty risk
    • Political risk
    • Setting appropriate policy

    Cash forecasting

    • The objectives of cash forecasting
    • Long term
    • Medium term
    • Short term

    An introduction to working capital management

    • Receivables
    • Payables
    • Work in progress
    • Measures of working capital performance

    Case study
    Exercise linking working capital management to cash management

    The day to day cash management routine

    • Establishing the daily cash position
    • Reconciling the actual position to the cash forecast
    • Liquidity management
    • Meeting deadlines

    Establishing a risk management framework in the corporate treasury

    • Organisation structure and segregation of duties
    • Dealing controls
    • Recording controls
    • Authorisation controls
    • Documentation controls
    • Reporting controls
    • The regulatory environment
    • The auditors

    Treasury processes and systems

    • Comparison with banks
    • Front office processes
    • Middle and back office processes
    • Staffing

    Treasury processes and systems (continued)

    • Function of the treasury management system
    • Treasury systems architecture
    • Other treasury systems: IP, online dealing, confirmation matching

    Case study: control in the treasury

    End of day 3