International Cash Management & Treasury Bootcamp

Monday August 1st-Friday August 5th 2022 | London, UK

This is the most intensive course in cash management and treasury. In just five days, we cover everything you need to know from the latest treasury technology to selecting the right bank.

This practical course will enable you to apply the four 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 and governance

Using a mix of group exercises and real life case studies from corporate treasurers, you will be learning in 5 days what can take up to 2 years on the job.

Learning objectives

By the end of the course you’ll be able to:

  • Manage an RFP and selection process from start to finish
  • Create a centralised and distributed treasury
  • Connect treasury and ERP systems to banks
  • Understand supply chain finance and other funding options
  • 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’

Who should attend?

Corporate treasurers and finance professionals
Understand best practice, benchmark where you are now – and where you should be, and explore the latest trends and hot topics.

You will return to the office armed with everything you need to optimise your treasury.

Financial institutions and service providers
The perfect opportunity to better understand your clients’ day-to-day
challenges and discover where your solutions fit. Start thinking like a
treasurer and get one step ahead of your competitors.

Why EuroFinance?

  • Practical, hands-on training featuring inspiring corporate case studies and group exercises
  • Experienced, professional tutors that address your real-life challenges
  • The trusted treasury training provider – over 300 treasury professionals
    have attended this course
  • Truly international – we attract professionals from over 60 countries
  • CPD certified
  • Residential format – this course includes accommodation, dinner and entertainment to help expand your networking opportunities

Guest Tutors

James Kelly

James Kelly

SVP treasury, risk management and insurance Pearson

James is responsible for treasury, risk management and insurance at Pearson, the world’s leading learning company, including management of the group’s debt portfolio, interest rate swap hedging portfolio and foreign exchange risks.

Throughout his career, James developed extensive experience in capital markets redemptions, bond issuance including an ESG-linked bond that got recognised as deal of the year by the Association of Corporate Treasurers, FX risk management strategy, financing and derivatives portfolio management, acquisition, working capital initiatives, and has designed many treasury policies and strategies. 

Previously he worked for Rentokil, Associated British Ports and Sky. He holds a Masters Degree in Economics from the University of St Andrews.

Royston Da Costa

Royston Da Costa

Assistant group treasurer Ferguson Plc

Royston Da Costa has over 33 years’ experience working in treasury. He joined Wolseley, now Ferguson Group, in April 2002, and was responsible for managing the group’s daily debt and cash requirements.

In 2010, Royston was given the responsibility for driving the automation of Treasury’s processes at Ferguson, which led to the implementation of their current treasury management system in 2015, a cloud-based solution by Bellin (a Coupa Company).

He was promoted to assistant group treasurer in November 2016, and was made responsible for the middle office, as well as continuing to drive forward the group’s strategy on treasury technology.

In November 2019, Royston was given the additional responsibility for the front office.

Royston has had a number of articles published by Treasury journals including an article on “Cyber Fraud and the impact on Treasury”.
He is a frequent speaker at national and international conferences, as well as courses run by international treasury organisations.
He is a member of the Advisory Board for Treasury Leaders Summit (TLS), and a member of Barclays Bank’s Corporate Advisory Committee.

Royston previously worked at Sky, Gillette, PolyGram, Seagram, and Vivendi Universal.

Ferguson won the 2020 BELLIN Champions Award for “Best Practice”

Ferguson were recognized in the 2018 TMI Awards for Innovation and Excellence with a Corporate Recognition Award for their “Future proofing Treasury” project.

Royston also won the Adam Smith award on behalf of Ferguson for the “Best Cyber-Security Solution” in 2019.

Vincent Eavis

Vincent Eavis

Partner PayTech Commercial

Vincent is an experienced global Commercial Payments industry expert.

He is a founder / designer of the OPTIMA by PayTech Tool also known as B2B Analytics Tool.  Using machine learning algorithms and industry analysis this helps clients to make the best decisions on where to use B2B card (and other) payment tools focusing on the buyer-supplier relationship and equation driven by data based analysis. Vince has worked in several large financial institutions and with organisations across the world of all sizes from small charities to the largest corporations in the world. He has a background in behavioural economics and psychology.

Agenda

  • Treasury, money movement and liquidity
    Start time: 9:00 am End time: 5:30 pm

    8.30am Registration and refreshments

    9.00am Welcome and introduction

    9.30am 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

    10.15am Trends and best practice in international treasury

    • Some 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

    10.45am Refreshment break

    11.00am Case study

    • Introductory exercise of recurring client case study

    11.45am Clearing and settlement systems

    • 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

    12.30pm Emerging payment methods

    • Faster Payments – specific country implementations
    • Mobile payment solutions
    • Disruptive technology – Fintech solutions/blockchain in the payment space
    • Impact of open banking

    1.00pm Lunch

    2.00pm The international banking system

    • Who are the players?
    • How money moves – interactive roleplay
    • 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

    2.40pm Case study exercise: Different payment and collection instruments in practice

    3.15pm Refreshment break

    3.30pm 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 US Section 385
    • Virtual Accounts: the next generation of cash concentration?

    4.30pm Case study: Exercise on cash concentration

    5.30pm End of day 1

  • Bank accounts, debt and investment in treasury
    Start time: 9:00 am End time: 5:00 pm

    08:30 REFRESHMENTS

    09:00 LOCAL AND FOREIGN CURRENCY ACCOUNTS

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

    09:45 EXERCISE: ACCOUNT LOCATION

    • Practical challenges of where to hold currency accounts

    10:30 REFRESHMENT BREAK

    10:45 FINANCING THE COMPANY AND MANAGING DEBT

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

    11:30 INVESTING SURPLUSES

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

    12:15 CASH FLOW FORECASTING – INTRODUCTION AND OVER VIEW

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

    13:00 LUNCH

    14:00 CASE STUDY: AI AND CASH FORECASTING

    James Kelly, SVP treasury, risk management & insurance, Pearson

    15:00 REFRESHMENT BREAK

    15:15 EXERCISE: CREATING A CASH FLOW FORECAST

    16:15 FINANCIAL RISK AND RISK MANAGEMENT

    • Definition of financial risk
    • Risk management objectives
    • Market risk: FX, interest rate, commodity
    • Risk mitigation
    • “Natural” hedging

    17:30 END OF DAY 2

     

  • Regulation, centralisation and shared services
    Start time: 9:00 am End time: 5:00 pm

    08:30 REFRESHMENTS

    09:00 COMPLIANCE AND REGULATORY ISSUES

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

    09:45 INTER-COMPANY NETTING

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

    10:45 REFRESHMENT BREAK

    11:00 CASE STUDY: The multilateral netting business case

    11:45 CASE STUDY: IN-HOUSE BANKING

    • 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

    13:00 LUNCH

    14:00 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”

    15:00 REFRESHMENT BREAK

    15:15 CREATING AND RUNNING A REGIONAL TREASURY CENTRE

    • Practical approach to managing treasury for a large multinational company
    • FX, hedging, currency pooling and netting
    • Creating a centralised payments process

    16:00 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

    17:00 END OF DAY 3

  • Shared services, systems and cybercrime
    Start time: 9:00 am End time: 5:00 pm

    09:00 FRAUD AND CYBERCRIME

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

    09:45 BANKING SYSTEMS – Part 1

    • Electronic Banking Channels – Bank portals and proprietary solutions
    • Security and control challenges
    • The role of SWIFT
    • Importance of ISO2OO22
    • Multi banking aggregation

    10:30 REFRESHMENT BREAK

    10:45 BANKING SYSTEMS – Part 2

    • Linking electronic banking to the corporate treasury management system
    • Achieving straight-through processing
    • eBAM – Bank Account Management

    11:30 CASE STUDY: JOURNEY TO AUTOMATION
    A CORPORATE CASE STUDY

    Royston da Costa, assistant group treasurer, Ferguson

    • Treasury Management System
    • Global Cash Pooling
    • Online Dealing (including Money Markets portal)
    • Automated interface into ERP (including Market Data)
    • SWIFT (cash visibility using MT94Os)
    • EMIR
    • Implementation of a new TMS (Cloud based)
    • Impact of Cyber Crime on Treasury

    13:00 LUNCH

    14:00 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?
    • Hidden costs – evaluating the options
    • Control, contingency and security
    • SWIFT Services – SWIFT Ref, 3Skey, Sanctions Screening

    14:45 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

    15:45 REFRESHMENT BREAK

    16:00 CASE STUDY EXERCISE: Integrating Treasury and Business Systems

    17:00 END OF DAY 4

  • Supply chain management, commercial cards and bank selection
    Start time: 9:00 am End time: 5:00 pm

    08:30 REFRESHMENTS

    09:00 WORKING CAPITAL

    • Working Capital Metrics and The Cash Conversion Cycle
    • Approaches to optimising Working Capital
    • Comparison of Working Capital benchmarks

    09:45 FINANCING THE SUPPLY CHAIN (SELLER CENTRIC)

    • Understanding the Supply Chain
    • Flow of value versus goods versus funds
    • Receivables Financing
    • Balance Sheet implications of financing
    • Benefits of Receivables Finance

    10:30 REFRESHMENT BREAK

    10:45 FINANCING THE SUPPLY CHAIN (BUYER CENTRIC)

    • Supply Chain Finance
    • Understanding the credit differential
    • Creating a Supply Chain Finance program
    • Onboarding and implementation
    • Role of Dynamic Discounting

    11:30 B2B card opportunities : Using data to find the signal in the noise  Guest Tutor: Vince Eavis, Paytech Commercial

    • 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 procurement platform
    • Pre-paid as an alternative to cash distribution

    12:15 CASE STUDY EXERCISE: Using Corporate cards

    13.00 LUNCH

    14:00 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

    15:15 REFRESHMENT BREAK

    15:30 CASE STUDY EXERCISE: What to include in a bank Request for Proposal

    16:30 WHAT TO EXPECT IN THE FUTURE

    • What to expect in 2O23 and beyond
    • Policy agenda issues for treasurers
    • New banking products
    • Key infrastructure developments

    17:00 END OF THE COURSE AND PRESENTATION OF CERTIFICATES