International Treasury & Cash Management

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International Treasury & Cash Management – Advanced

International Treasury & Cash Management – Advanced

Dates and locations

London, UK | December 9th-11th 2024 | €4995+20% UK VAT
Barcelona, Spain | March 17th-19th 2025 | Price TBC+21% VAT
Singapore | March 24th-26th 2025 | Price TBC
Dubai, UAE | April 14th-16th 2025 | TBC
Amsterdam, Netherlands | May 19th-21st 2025 | TBC+21% VAT
London, UK | December 8th-10th 2025 | TBC+20% VAT

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Overview
Agenda
Tutor
Prices

Introduction

This is the most advanced international treasury training course EuroFinance offers. The course is designed for finance, treasury and banking professionals who have at least five years’ practical experience in various roles in treasury management and who need to gain a deeper practical knowledge of advanced treasury management techniques.

This course builds on the tools and techniques covered during the International Cash & Treasury Management intermediate level course. Participants are expected to be familiar with the concepts and practical application of risk mitigation, liquidity management and money movement.
Learning Objectives
Ensure that you are operating best practice in the current climate and receive the latest update on industry developments through the key topics:
- Understand how treasury can deliver improved bottom-line performance for your business through tax-efficient account structures, effective hedging strategies and optimising working capital
- Develop strategies on how to deal with sanctions
- Discuss alternative account structure for optimising liquidity and payments
- Get up to date with emerging payment methods including faster payments, blockchain, open banking, API and PSD2
- Become compliant and learn AML and KYC procedures for banks and treasurers
- Protect your organisation against fraud and cybercrime
- Gain a comprehensive insight into the current and future challenges facing the treasury managers and CFOs
- Develop practical skills and knowledge that can be immediately applied upon your return to the office
- Explore the techniques being deployed by the leading global treasury organisations
Why train with EuroFinance?
- Real world treasury training
  Leave with skills and techniques that you can immediately apply when you get back to the office.
- Unrivalled knowledge of current best practice
  We talk to treasurers on a daily basis and know what matters most to the profession.
- Expert tutors
  We have secured the services of the leading tutors in the profession with both banking knowledge and corporate expertise to give you the best all-round training available.
- Truly global
  We run treasury events all around the world and attract a very international audience.
- Practical teaching method
  Our courses aren’t just theory, we use real-life case studies and group exercises to illustrate each learning point.
Accreditations

This course is CPD certified.

Agenda

Day 1
- 9.00am
  Introduction
- 09.25am
  Corporate treasury today
  
  The evolution of treasury and cash management as critical functions in the company
  - Treasury focus on liquidity, funding and investment, financial risk
  - Funding the operating cycle
  - Risk management in treasury
  - The importance of cash and liquidity management
  - Trends in today’s treasury market
  - Managing treasury as a global process
  - The changing role of the corporate treasurer
  - Centralising treasury functions
  - Treasury in an erp world
  - Passive or active treasury models
- 10.15am
  Risk, funding & exposures
  
  Risk management strategies in treasury
  - The right treasury policy
  - Identifying exposures and strategies to manage them
  - Categories of financial risk
  - Understanding the instruments for hedging and risk mitigation
  - Defining an appropriate hedging strategy
  - Transactional, cash flow and balance sheet hedging
  - Risk models – VAR
- 11.00am
  Refreshment break
- 11.15am
  Funding, yield curves, fair value accounting
  
  Optimising funding/investment choices
  - FX funding (t+2), local market t or cross currency pool
  - Borrow, spot, invest – using FX currency swaps
  - Managing to the yield curve
  - Implied future Libor rates from yield curve
  - Matching duration of funding to cashflow
  - Fair value accounting for IRS and other derivatives
  - Impact of tenor on cost of funds and investment returns
  - IAS 39 and IFRS 9 – fair value accounting
- 12.00pm
  Exercise – impact of Basel III on bank pricing
  
  Cost of tier 1 capital to banks and impacts on pricing for bank products
  - Basel III – impact on corporate treasury
  - How Basel III impacts banks and their products
- 12.30pm
  Treasury centralisation and structures
  - Levels of treasury responsibility
  - Decentralised, distributed or centralised treasury
  - Full centralisation – regional or global?
  - In-house banking – what are the advantages and disadvantages?
  - Outsourcing treasury functions
  - Typical treasury structures
  - What fits your size of organisation?
  - Passive or active treasury processes
  - Centralising exposure management – intercompany FX
- 1.00 pm
  Lunch
- 2.00pm
  Optimising global liquidity management
  
  Creating visibility and mobilising liquidity globally
  - Principles of liquidity management
  - Summary of notional pooling vs target balancing
  - Documentation for notional pooling
  - New developments in cross-border pooling
  - Understanding cross-border rules and impact in cash concentration
  - Cross-currency pooling structures – interest optimisation
  - Interest enhancement opportunities
  - Multi-bank concentration structures
  - Leveraging trapped liquidity
  - Hybrid structures combining cash concentration with notional pooling
  - ‘Follow-the-sun’ and ‘against the sun’ structures
  - Creating a global liquidity structure
  - Tax and legal issues in documentation
  - Generating active or passive income
  - Impact of ias 39 and basel ii/iii
  - Choice of treasury vehicle for liquidity
- 3.45pm
  Refreshment break
- 4.00pm
  Case study: Chocoholics
  
  Understanding the flows, risks and treasury metrics of a multinational
  - Mapping flows, currency balance, exposures
  - Intercompany flows, liquidity and bank relationship impacts
  - Treasury metrics and prioritisation
- 4.30pm
  Tax efficient structures
  
  Intermediating flows and exposures in a tax optimised way
  - Reasons for establishing treasury centres vehicles
  - Which locations are right?
  - Tax implications of a treasury vehicle
  - Tax neutral or tax advantaged
  - Impact on OECD BEPS rules on treasury centres
  - Popular legal structures – Europe, off-shore, Asia Pacific and LatAm
- 5.00pm
  Trends in treasury management
  
  What treasurers are saying at EuroFinance conferences as the key issues for the coming year
Day 2
- 9.00am
  Working capital and commercial flows
  
  Key principles of working capital management and maximising efficiency of commercial payments and receipts
  - Cash conversion cycle – ccc, dpo, dso, dio
  - Cash management efficiency techniques
  - Funding working capital and releasing under-utilised cash
  - Weighted average cost of capital
  - Optimising financial metrics – off balance sheet
- 9.20am
  Intermediating commercial flows, payments factories and shared services
  
  Shared service centres and payment factories – tools to optimise treasury and take control
  - The business case for shared services
  - Benchmarking SSC processes
  - Centralising vs outsourcing
  - Benefits of centralising administrative processes
  - Creating efficient accounts payable processes
  - Role of ERP systems in commercial flows
  - Using commercial cards and p-cards for procurement and T&E
  - Integration with procurement systems and platforms
- 10.00am
  Techniques for commercial flows
  
  New opportunities when regionalising commercial flows
  - What can be achieved in ERP
  - ‘On behalf of’ collections and payments (POBO/COBO)
  - In-house cash banking
  - Case study – treasury ERP
- 10.45am
  Refreshment break
- 11.00am
  Domestic payments
  
  How money moves and settles domestically
  - Domestic clearing infrastructure summary and key concepts
  - Changing payments infrastructure
  - Eurozone payment and clearing options – life after SEPA
  - Comparison of regional systems –Americas/African,/European/ Asian examples
  - Specialised local instruments
  - Emerging payment methods – faster payments, mobile, blockchain
  - Evolving of domestic payments in Europe faster payments, PEDD
- 12.00pm
  International payments
  
  Moving money across borders efficiently to minimise charges and loss of availability
  - Swift and international money movement
  - Using intermediary or correspondent banks
  - Serial payments vs pay direct with cover
  - The types of messages and when they are used
  - Regional payment systems
  - Using BICS, IBANs and UIDsImplications of OFAC and AML
  - Currency check collections and bankers drafts
  - Letters of credit and documentary collections
- 12.45pm
  Lunch
- 1.45pm
  Account structure for commercial & treasury flows
  
  Principles for account location – where to hold them and how to manage them
  - Easy countries and problem countries – examining different scenarios
  - Integrating resident and non-resident accounts
  - Impact of Euro/SEPA on account structures
  - Importance of establishing correct ownership
  - Incorporating netting, inter-company funding and centralised liquidity
  - Approaches to regional and global liquidity management structures
  - Centralised or decentralised account structures
  - Linking in a treasury centre or an in-house bank
  - Integrating concentration, notional pooling, POBO/ROBO, interest optimisation, interest enhancement and funding
- 2.20pm
  The evolving regulatory and governance/risk frameworks
  
  Treasury compliance and policy challenges
  - Framework of policies and procedures
  - Impending money market fund reforms EU and US
  - Compliance – AML and KYC procedures for banks and treasurers
  - Emir and Dodd Frank reporting
  - Intercompany loan pricing considerations
- 2.45pm
  Refreshment break
- 3.00pm
  Principles of working capital & cash management efficiency
  
  Working capital – what is a ‘sufficient’ cash buffer?
  - ‘Order to cash’ and ‘purchase to pay’ cycles
  - Eliminating cash cycle times
  - Automation of receivables matching
  - Electronic bill presentment and payments
  - E-invoicing and dispute management
- 4.00pm
  Supply chain financing
  
  The new face of trade solutions in your supply chain
  - The financial supply chain
  - P&L vs balance sheet management
  - Measures of working capital performance
  - Examples of ‘buy-side’ and ‘sell-side’ financing
  - Supplier financing programsAchieving off-balance sheet financing
  - Accounting implications of receivables finance
  - Electronic solutions and technology developments
  - Documentation and logistics
- 5.10pm
  Exercise – improve liquidity or improve return on assets
  
  Using financing to deliver cheaper funding and/or improving financial ratios
Day 3
- 8.30am
  Refreshments
- 9.00am
  Building treasury dashboards with business intelligence
  - How to use the latest business intelligence and tms systems
  - Key reporting components, kpis, kris and klis
  - Data visualisation and charts
  - Data warehouse, data layer, analytical model
  - Including data from erp, excel models, rates services
  - Delivery on mobile, tablet and pc
  - Commonly used reporting platforms
- 9.50am
  Cash forecasting
  
  Cash forecasting precision is critical for funding efficiently and managing cash
  - Objectives of cash forecasting
  - Long, medium and short term
  - Direct vs indirect method
  - Statistical vs items level forecasting
  - Models for cash forecasting (Miller-Orr, Baumol)
  - Separating payables and receivables
  - ERP bank reconciliation
  - Tools for forecasting
- 10.40am
  Refreshment break
- 11.00am
  Leveraging an ERP for treasury
  
  Integrating ERP systems into today’s treasury – the new treasury models and next level of efficiency
  - Treasury systems versus ERP systems
  - Cash management and cash forecasting modules
  - Integrating in-house cash modules
  - Role of treasury in ERP process definition
  - Implementing receivables matching in ERP
  - Aligning ERP with treasury
  - ERP deployment and new business models
  - Challenges of implementation
  - Technology platforms for payments factories
  - Payments factory as an alternative to ERP
- 11.45pm
  treasury technology
  
  Assessing the critical functions of a treasury management system
  - Functionality of treasury systems
  - Web based FX trading
  - Treasury functionality within ERP systems
  - Selection, implementation and integration of treasury management systems
  - Latest trends and enhancements
  - Benchmarking your system
  - How much customisation
  - System integration case studies
- 12.30pm
  Banking systems & corporate SWIFT
  
  Linking electronic banking and SWIFT to the corporate treasury management system
  - Typical bank proprietary channels
  - Multi banking aggregation
  - Corporate access to SWIFT– MA-CUGS and score
  - SWIFT fileact and fin
  - SWIFT bureau, SWIFT alliance lite 2, or direct connection
  - Proprietary or industry standards
  - Managing the documentation issues
  - Objectives for systems integration
  - Control, contingency and security
- 2pm
  Integration and international standards – what’s new
  
  What to look out for in different technology choices – avoiding ‘the bleeding edge of technology’
  - Current internationally accepted standards
  - ISO20022 vs edifact, ansi, idoc,
  - Work flow management and reconciliation
  - Sap financial services network (FSN)
  - EBAM, SWIFT 3skey and reference data
  - Emerging technologies
- 2.30pm
  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
- 3pm
  Refreshment break
- 3.15pm
  Selecting banking partners
  
  Understanding what is ‘best practice’ (mandates, relationship) when choosing bank relationships
  - Critical requirements for multinational corporates
  - Bank geographic strategies
  - Local or regional banks?
  - Supporting credit banks
  - Approaches to pricing and service quality
  - Corporate organisation matches
  - Right bank or right solution
- 3.45pm
  The international RFP process
  
  What to look for in structuring a good RFP or tender document to get the best proposal from bankers
  - Selecting a bank and services
  - The tender document – what to include
  - RFP process checklist – what should your expectations be?
  - Handling the short-list and negotiation meetings
  - Identifying and pre-qualifying banks
  - How banks structure their proposals
  - How to evaluate the bank responses – benchmarks, formats
- 4.00pm
  Class exercise: choosing the right bank
  
  Prioritising your banking requirements
  - Selecting banks for cash management services in a foreign country
  - Focus on corporate requirements and bank selection process
  - Impact of credit on relationships
  - How banks propose viable solutions and differentiate themselves
- 4.25pm
  What to expect in the future?
- 5pm
  End of course and presentation of certificates

Tutor

Edwin Veenman

Senior EuroFinance Tutor EuroFinance

Edwin has over 25 years’ experience in senior finance roles, working for global companies in treasury and business operations, restructuring, new set ups and developments. He has proven records in treasury, fundraising, working capital management, M&A, divestitures, audit, IPO, credit rating (Moody’s – S&P) and his international reach sent him across all corners of the world to keep in contact with the businesses.

Recently, Edwin was the CFO of Bellabeat, a premium Femtech company where he oversaw the finance function from accounting, FP&A, treasury, risk management, financial reporting, audit to funding and business development.

Prior to this, Edwin worked at a diverse set of companies including Equant (presently France Telecom), Getronics (KPN – Telecommunication and IT; market leader NL), Dover Corp. (diversified global manufacturer), OfficeDepot (international office supply and services), Huawei Technologies (global telecommunications), YFAI/Johnson Controls (global automotive component and diversified manufacturer) and ManningGlobal (global staffing and managed services).

Edwin holds an MBA from Maastricht University and he shares his extensive knowledge and experience by tutoring for EuroFinance and regularly speaking and chairing at international conferences worldwide.

Tutor

Edwin Veenman

Senior EuroFinance Tutor EuroFinance

Tutor

Edwin Veenman

Senior EuroFinance Tutor EuroFinance

Tutor

Edwin Veenman

Senior EuroFinance Tutor EuroFinance

Tutor

Edwin Veenman

Senior EuroFinance Tutor EuroFinance

Tutor

Edwin Veenman

Senior EuroFinance Tutor EuroFinance

Price

€4995+ 20%

Pricing to be confirmed shortly

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EuroFinance is a part of the Economist Group.

We would love to keep you informed about other Economist events, newly-released content, our best subscription offers and great new product offerings.

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