International Cash Management & Treasury Bootcamp

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International Cash Management & Treasury Bootcamp

Dates and locations

London, UK | July 22nd-26th 2024 | From £5,719+20% VAT
London, UK | December 2nd-6th 2024 | From £5,719+ 20% VAT

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Overview
Agenda
Tutor
Prices

Introduction
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
Hot topics for 2024
- RPA, AI in cash flow forecasting
- Treasury in a digital world
- Managing complex FX exposures in an increasingly volatile world
- Treasury and Cards digitisation and simplification
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 train with 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
Accreditation

This course is CPD certified. Earn up to 35 credits.

Agenda

Day 1 Treasury, money movement and liquidity
- 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
  - 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
  - Why treasuries differ between companies
  - 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
  Clearing and settlement systems
  - Types – net settlement, RTGS, hybrid
  - Clearing and settlement risks
  - High value payment clearing
  - Low value ACH clearing and cheque clearing
  - How different transaction methods are used
  - 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
  - Within the Eurozone PSD and SEPA
  - Straight-through processing (STP)
  - Currency cheque and draft collections
- 2.45pm
  Case study exercise: International money movement
- 3.15pm
  Refreshment break
- 3.30pm
  Optimising global liquidity management – cash pooling 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
  - Mobilising core balances
  - Virtual Accounts: the next generation of cash concentration?
- 4.30pm
  Case study: Exercise on cash concentration
- 5.30pm
  End of day 1
Day 2 Bank accounts, debt and investment in treasury
- 08.30am
  REFRESHMENTS
- 09.00am
  LOCAL AND FOREIGN CURRENCY ACCOUNTS
  - Where to hold them and manage them
  - Implications for banking costs
  - Importance of correct ‘ownership’
  - Resident/non-resident issues
- 09.45am
  EXERCISE: ACCOUNT LOCATION
  - Practical challenges of where to hold currency accounts
- 10.30am
  Refreshment Break
- 10.45am
  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
- 11.30am
  Case study: The multilateral netting business case
- 12.15pm
  Cash flow forecasting – introduction and overview
  - Objectives of forecasting
  - Short-term and long-term forecasts
  - Models and methods
  - Receipts and disbursement methods
  - Distribution method; pro-forma statements
- 1.00pm
  Lunch
- 2.00pm
  Case study: AI and cash forecasting
- 3.00pm
  Refreshment Break
- 3.15pm
  Exercise: Creating a cash flow forecast
- 3.45pm
  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, SOFR etc.
- 4.30pm
  Investing surpluses
  - Choice of instruments and asset classes
  - Security v. Liquidity v. Yield
  - Counterparty risk
  - Interest rates in transition
  - Appropriate investment policies and contents
- 5.30pm
  End of Day 2
Day 3 Risk and regulation, centralisation and shared services
- 8.30am
  Refreshments
- 9.00am
  Introduction to financial risk and risk management
  - Definition of financial risk
  - Risk management objectives
  - Market risk: FX, interest rate, commodity
  - Risk mitigation
  - “Natural” hedging
- 10.00am
  Case study: FX risk management at Kimberly Clark
  
  Guest tutor: Takachida Kuhudzai, Corporate Treasury Manager EMEA, Kimberly Clark.
- 11.15am
  Refreshment break
- 11.30am
  Compliance and regulatory issues: a primer
  - 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 and impact on the Treasurer
- 12.15pm
  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
  - Measuring Treasury performance
- 1.00pm
  Lunch
- 2.00pm
  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
  - Payment factories – functionality
  - Treasury Centre location and tax efficiency
- 3.00pm
  Refreshment Break
- 3.15pm
  Shared service centres and payment factories
  - What functions could go into a shared service centre?
  - Where to locate your SSC
  - Technology platforms and integration with ERP accounting
  - Differing approaches
  - Impacts on Treasury and the appropriate response
  - Account structures
  - Choice of banks
  - Implementation and Customer Service requirements
  - Challenges with domestic instruments and paper
- 4.15pm
  Exercise: Payment factories
- 5.30pm
  End of Day 3
Day 4 Shared services, systems and cybercrime
- 9.00am
  Cybercrime, fraud and security
  - Definitions and scope
  - Our security landscape
  - Attack vectors and a few worrying findings
  - Where should we focus
  - What can we do
  - Treasury policies to protect your treasury
  - Insider threats
- 9.45am
  Banking systems – Part 1 Channels and challenges
  - Electronic Banking Channels – Bank portals and proprietary solutions
  - Security and control challenges
  - Multi banking aggregation
  - Mass payment systems
  - Linking electronic banking to the corporate treasury management system
  - Achieving straight-through processing
- 10.30am
  Refreshment break
- 10.45am
  Banking systems – Part 2 Connectivity
  - Relevant technologies
  - The role of SWIFT
  - SWIFT for corporates
  - Standards and the importance of ISO2OO22
  - Technology to link to one lead bank or multiple banks
  - SWIFT SCORE solutions for multi-banking
  - Costs – evaluating the options
  - Control and security
- 11.30am
  CASE STUDY: Future-proofing your treasury
  
  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
- 1.00pm
  Lunch – includes Q&A with guest tutor
- 2.00pm
  Corporate access to SWIFT: Other services
  - eBAM – Bank Account Management
  - SWIFT Services – SWIFT Ref, 3Skey, Sanctions Screening
  - Other emerging technology
- 2:30pm
  Selection, implementation and integration of treasury management systems
  - Treasury systems needs
  - System integration – what can be achieved?
  - What is a TMS
  - The major providers – choosing, comparing
  - The system project checklist – what to do, when to do it, what to avoid, what resources
- 3.30pm
  Refreshment break
- 3.45pm
  Other treasury systems
  - Information providers
  - Online dealing
  - Confirmation systems
  - Future developments
- 4.00pm
  Case study exercise: Integrating treasury and business systems
- 5.00pm
  End of Day 4
Day 5 Supply chain management, commercial cards and bank selection
- 8.30am
  Refreshments
- 9.00am
  Working Capital
  - Working capital metrics and the cash conversion cycle
  - Worked example
  - The role of treasury
  - Approaches to optimising working capital
  - Comparison of working capital benchmarks
- 9.45am
  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
- 10.30am
  Refreshment break
- 10.45am
  Financing the supply chain (buyer centric)
  - Supply Chain Finance: Overview and mechanics
  - Understanding the economics of credit differential
  - Benefits and issues around Supply Chain Finance programs
  - Role of Dynamic Discounting
- 11.30am
  Corporate cards: Overview and role
  
  Guest Tutor: Vince Eavis, Paytech Commercial
  - What Card instruments are out there
  - Mechanics of a card
  - “Long tail” and opportunities
  - Exercise on supplier targeting
  - Implementation and reaping the benefits
  - Where does Treasury fit in
- 1.00pm
  Lunch
- 2.00pm
  The bank selection and RFP process
  - Approaches to bank selection
  - How the process of bank tendering works
  - Bank geographic strategies & selection for:
  - Importance of matching Corporate organisation:
  - What multinational corporates are looking for
  - Pricing and service quality
  - Understanding what constitutes ‘best’ (mandates, relationships)
  - Challenges of international bank RFPs
- 3.15pm
  Refreshment break
- 3.30pm
  Case study exercise: What to include in a bank Request for Proposal
- 4.30pm
  What to expect in the future
  - Expectations
  - What to expect in 2024 and beyond
  - Policy agenda issues for treasurers
  - New banking products
- 5.00pm
  End of the course and presentation of certificates

Tutor

Adrian Rodgers

Senior EuroFinance Tutor & Director ARC Solutions, UK

Adrian has over 30 years’ experience of working as a consultant, and in the banking and corporate sectors.

After qualifying as a Chartered Accountant, Adrian spent a number of years with IBM, in a variety of treasury and sales roles. Adrian was also part of the implementation team which created IBM International Financial Services, the European centralised treasury operation based in Dublin. Adrian then joined the newly created cash management consultancy team of Chase Manhattan Bank, with a brief to help create cash management solutions which matched the needs of customers’ underlying businesses and technology infrastructures. As a Director at PricewaterhouseCoopers, he specialised in managing change in the finance function, including re-engineering of corporate treasury. His current company is an independent consultancy providing advisory, design and implementation services to corporates and banks, on a variety of change-related issues within the finance function. Services include strategy development, process design, bank and vendor selection and project management. Clients include major corporations with a strong international focus.

Tutor

Adrian Rodgers

Senior EuroFinance Tutor & Director ARC Solutions, UK

Adrian has over 30 years’ experience of working as a consultant, and in the banking and corporate sectors.

Prices

Residential
Includes 5 nights’ accommodation, dinner and entertainment

Early bird rate
Book by May 24th 2024
£6,399 + 20% VAT

Full rate
£7,719 + 20% VAT

Non-residential
Early bird rate
Book by May 24th 2024
£5,719 + 20% VAT

Full rate
£6,839 + 20% VAT

Prices

Residential
Includes 5 nights’ accommodation, dinner and entertainment

Early bird rate
Book by October 11th 2024
£6,399 + 20% VAT

Full rate
£7,719 + 20% VAT

Non-residential
Early bird rate
Book by October 11th 2024
£5,719 + 20% VAT

Full rate
£6,839 + 20% VAT

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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.

Something went wrong try again later