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 the essential elements of corporate cash and treasury management, including: the role of the corporate treasurer and the structure of treasury; cash and liquidity management; interest rate and foreign exchange management.

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

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.

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

  • Day 1 Agenda
    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

  • Day 2 Agenda
    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

    End of Day 2

  • Day 3 Agenda
    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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