International Treasury & Cash Management (Intermediate)

The essential elements of international treasury & cash management

This course is designed to provide finance professionals with up-to-the-minute knowledge of all elements of corporate cash and treasury management.

You will gain a complete insight into the new and existing challenges facing the industry and develop practical skills and knowledge that can be immediately applied upon your return to the office.

Who should attend?

Designed for experienced professionals who have a good understanding of treasury concepts, but are seeking more sophisticated and in-depth knowledge of structures and strategies

Learning objectives

By the end of the course, you will:

  • Be familiar with the role of treasury in the broader corporate organisation.
  • Learn how to manage debt, surplus cash and trade in the foreign exchange & money markets.
  • Be able to apply financial risk management, treasury hedging techniques and risk policies for your organisation
  • Review different types of liquidity management structures and work through examples from a casebook.
  • Find out how commercial cash flows work in a company and how they drive treasury flows.
  • Benchmark your treasury organisation with techniques being deployed by leading global companies.
  • Develop detailed understanding of domestic & international payments systems, new instant payments systems and what the future holds.
  • Get familiar with how counterparty banks manage their treasury and conform to the many regulations they are governed by.
  • Understand what Islamic banking principles are and resulting structures.
  • Gain a detailed and working understanding of working capital metrics, principles and techniques, including trade & supply chain financing.
  • Get an overview of how treasury systems & ERP platforms work together, benefits, integration and selection.
  • Get up to speed with core payments and banking technology, Corporate SWIFT, industry standardisation, open banking, APIs and future trends in treasury
  • Come away with how to conduct a request for proposal & banking tender.

All subjects will be illustrated by real life case studies and exercises.

Why attend?

  • Practical, hands-on training featuring corporate case studies and group exercises
  • 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 21 NASBA CPE credits, CPD certified

Day 1

  • Corporate Treasury, Banking and Cash Management
    Start time: 8:30 am End time: 4:30 pm

    Introduction and course objectives

    Overview and introduction to international treasury

    • The main elements of treasury management
    • The changing role of the corporate treasurer
    • The importance of cash and liquidity management

    Clearing and settlement systems for domestic money movement:

    (with European, Asian examples and comparisons to US systems)

    • Types of clearing systems and how they work domestically – net settlement; real-time gross settlement; hybrid systems continuous linked settlement
    • Check clearing around the world
    • High value EFT clearing
    • Low value ACH clearing
    • Comparing different environments
    • Availability schedules

    International money movement

    • International banking principals
      Understanding SWIFT, the types of messages and when they are used
    • Cross-border payments globally
    • Examining Eurozone payment and clearing options – TARGET; EBA; using a network bank
    • Using intermediary or correspondent banks
    • Using network banks for international money movement
    • Straight-through processing – overview; how does it work?; using BICs; IBANs; and UIDs

    Other international payments and collections

    • Currency check collections
    • Bankers drafts
    • Documentary collections and letters of credit
    • Credit cards
    • What are standard payment types across European/Asian/LatAm countries

    Exercise: moving money between countries and currencies

    • Taking account of the currency difference – how does the money move?
    • Taking account the time difference
    • When will the beneficiary receive value?
    • Overcoming practical, real world obstacles
    • What happens when things go wrong?
    • Exercise feedback and discussion

    Currency accounts and bank pricing

    • When to open and close them
    • Where to hold them
    • How to manage them
    • How banks price
    • Importance of establishing correct ownership
    • Resident and non-resident issues
    • Understanding value dating
    • Impact of value dating on international money movement

    End of day one followed by social reception

  • Liquidity Management and Risk Management
    Start time: 8:30 am End time: 4:30 pm

    Liquidity management – netting

    • Types of netting
    • Applicability in different locations
    • Trade payments and receivables
    • Financial flows
    • Netting drivers
    • Structural issues
    • Policy issues
    • Case studies and practical problems that can be encountered (e.g. impact of time delays)
    • Netting review checklist
    • Netting methods
    • New approaches to netting
    • Cost efficiencies

    Liquidity management – pooling and concentration

    • Types of notional pooling
    • The tax and regulatory issues
    • Documentation
    • Cash concentration and similar services
    • Interest and how its apportioned
    • Understanding cross-border rules and impact in cash concentration
    • New developments in cross-border pooling
    • Money market investment

    Liquidity management – pooling and concentration (continued)


    • Example netting analysis
    • Working through practical challenges
    • Establishing potential savings

    Efficient account structures

    • Easy countries and problem countries – examining different scenarios
    • Impact of Single Currency on European account structures
    • Determining the most efficient account structures
    • Sophistication models for operational purposes
    • Structures that combine operational efficiency and liquidity management optimization
    • Ownership issues and effect

    Current trends in treasury and banking

    • The impact of the banking crisis
    • Debit and investment management
    • Evaluating counterparty risk
    • The increasing importance of corporate treasury

    Islamic Banking

    • Islamic banking principles
    • Managing a Shariah compliant treasury
    • Interest free treasury – Riba
    • Risk (Gharar) and speculative behaviour (Maisir)
    • Murabaha – financing and Mudarabah – deposits
    • Other Islamic financial products
    • Interpretation of Islamic compliance

    End of Day 2

  • Foreign Exchange and Treasury Processes
    Start time: 8:30 am End time: 4:30 pm

    Treasury organization and in-house banking

    • Levels of treasury responsibility
    • Decentralized treasury
    • Central responsibility
    • In-house banking – what are the advantages and disadvantages?
    • Full centralization
    • Typical treasury structures – case studies from medium-sized companies

    Treasury centers and vehicles

    • Location considerations
    • Impact on European Union Rules on treasury centers
    • Popular European locations – Ireland; Belgium; Netherlands; Luxembourg; Switzerland
    • Centers in Asia Pacific
    • Approaches to LatAm

    Shared service centers and payment factories

    • Approach
    • Systems and Technology
    • Payments ‘on behalf of’
    • Collections ‘on behalf of’
    • Mini case studies

    Global payment technology

    • Mechanization in treasury departments
    • Balance and transaction reporting
    • Funds transfers and EDI/e-business
    • How does EDI/e-business link with systems?
    • Can one system handle multiple formats?
    • What to look out for in different technology
    • Multi banking
    • Security
    • Transaction detail
    • Corporate needs
    • Bank challenges
    • New technology

    Selection, implementation and integration of treasury management systems

    • How to evaluate on an on-going basis
    • Benchmarking your system
    • Typical systems
    • The major providers
    • System project checklist
    • System integration case studies

    Selecting cash management banks to fulfil different roles

    • How the process of bank selection works
    • Structures and purpose of cash management systems
    • Selection for domestic, pan regional and global purposes
    • Bank geographic strategies
    • Corporate organization matches
    • Local or regional banks?
    • What multinational corporates are looking for
    • Approaches to pricing and service quality
    • Understanding what constitutes ‘best’ (mandates, relationships)

    Exercise – RFPs – what to look for in international proposals

    • Reviewing bank responses – what to look for; evaluating different information; in different formats

    International bank RFPs

    • Process checklist – what should your expectations be?
    • Formats – benchmarks
    • Reducing costs
    • Using different techniques
    • Identifying and pre-qualifying banks
    • The tender document – what to include
    • How to evaluate the bank responses
    • Handling the short list and negotiation meetings

    End of course and presentation of certificates

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