International Cash and Treasury Management – Introductory

Mondays February 21 & 28, March 7th - 9am-5.30pm CET (GMT+1)

This is the only course of its kind on international corporate treasury and will serve as your comprehensive guide to the essential elements of cash management. Over three days our expert tutor will use a mix of teaching methods including lectures, real life case studies and group exercises to provide you with practical skills and knowledge that can immediately be applied upon your return to the office.

This course is also the ideal precursor for our intermediate level programmes.

The format, each Monday over the course of three weeks, will allow participants to apply the newly learnt concepts to their day to day activity between each weekly session.

Who should attend?

It has been specifically designed for finance and treasury professionals who are either new to international corporate treasury or need to refresh or expand their knowledge to gain a practical understanding of all the technology, terminology and procedures.
It is also relevant for banks, consultants and system suppliers who need to better understand the needs of their corporate clients.

Learning objectives

Ensure that you are operating best practice in the current economic climate and receive the latest updates on industry developments through the key topics:

  • The role of the corporate treasurer
  • Liquidity management techniques
  • Domestic and international banking systems
  • How customers choose banks for cash management purposes
  • How the money markets work and how FX calculations work in practice
  • The latest technologies and procedures within the industry
  • The various types of risk faced in corporate treasury
  • Cash forecasting and working capital management

Course agenda

  • Corporate Treasury, Banking and Cash Management
    Start time: 9:00 am End time: 5:30 pm

    08:45 Zoom session opens

    09:00 Welcome and overview

    09:15 The role of corporate treasury

    • Typical models
    • Treasury centres
    • Front, middle and back offices
    • Cash and liquidity management
    • Risk management – interest rate and currency risk
    • Funding and investment
    • Policy framework
    • Measuring the impact of treasury

    10:45  Break

    11:15 The elements of cash and liquidity

    • Management
    • What is cash management
    • Why it is important to a company
    • What are the links between payments and cash management
    • The role of a corporate cash manager

    11:45 Domestic and international banking systems – Part 1

    • Opening bank accounts and types of bank account
    • Domestic payment and collection instruments
    • Domestic clearing and settlement systems
    • Resident and non-resident bank accounts

    13:00 Break

    13:45 Domestic and international banking systems – Part 2

    • International payment and collection instruments
    • International clearing and settlement system
    • TARGET and SWIFT

    14:15 Value dating and float

    • Value dating
    • The concept of float
    • Interest and bank charges
    • Managing costs and maximising returns

    14:45 Break

    15:15 Multi-lateral netting

    • Features
    • Technologies
    • Benefits
    • Extensions

    15:45 Electronic and internet banking for corporates

    • What is electronic banking?
    • Electronic banking products
    • The treasury management system
    • What do corporates want from an electronic banking system?
    • Linking electronic banking to the corporate treasury management system

    16:30 Group exercise

    • Assessing the effectiveness of a treasury and cash management structure

    17:30 End of Day 1


  • Cash and Liquidity Management
    Start time: 9:00 am End time: 5:30 pm

    08:45 Zoom session opens

    09:00 Liquidity management techniques

    • Cash concentration and pooling
    • Zero balancing
    • Notional cash pooling
    • Tax, legal and regulatory constraints

    10:15 Foreign currency accounts

    • Why hold a Foreign Currency Account
    • Where accounts can be held

    10:30 Break

    11:00 Cash management group exercise
    Attendees will participate in a case study to determine the most appropriate bank account structure for a multinational company

    11:45 Introduction to the money markets

    • Primary and secondary markets
    • Disintermediation
    • The yield curve
    • How rates are quoted – discount or yield

    12:15 Investing corporate cash

    • Bank instruments
    • Capital market instruments
    • Regulatory changes

    13:00 Break

    13:45 Corporate funding

    • Bank funding
    • Bi-lateral, clubs and syndicates
    • Documentation and covenants
    • Asset financing techniques

    14:30 Money market quiz

    15:00 Break

    15:30 Introduction to foreign exchange markets

    • What is foreign exchange?
    • Exposure to foreign exchange
    • How the markets work

    16:00 The main instruments and how they are priced

    • Spot
    • Forward
    • Swaps

    16:45 Group exercise
    Participants will practice real life FX calculations in a simulated dealing exercise.

    17:30 End of day 2

  • Financial risk and treasury processes
    Start time: 9:00 am End time: 5:00 pm

    08:45 Zoom session opens

    09:00 What is financial risk and risk management policy?

    • Sources of financial risk
    • Foreign exchange risk
    • Interest rate risk
    • Credit risk
    • Counterparty risk
    • Political risk
    • Setting appropriate policy

    10:00 Cash forecasting

    • The objectives of cash forecasting
    • Long term
    • Medium term
    • Short term

    10:30 Break

    11:00 An introduction to working capital management

    • Receivables
    • Payables
    • Work in progress
    • Measures of working capital performance

    11:30 Case study
    Exercise linking working capital management to cash management

    12:15 The day to day cash management routine

    • Establishing the daily cash position
    • Reconciling the actual position to the cash forecast
    • Liquidity management
    • Meeting deadlines

    12:45 Break

    13:30 Establishing a risk management framework in the corporate treasury

    • Organisation structure and segregation of duties
    • Dealing controls
    • Recording controls
    • Authorisation controls
    • Documentation controls
    • Reporting controls
    • The regulatory environment
    • The auditors

    14:30 Treasury processes and systems

    • Comparison with banks
    • Front office processes
    • Middle and back office processes
    • Staffing

    15:00 Break

    15:30 Treasury processes and systems (continued)

    • Function of the treasury management system
    • Treasury systems architecture
    • Other treasury systems: IP, online dealing, confirmation matching

    16:30 Case study: control in the treasury

    17:00 End of day 3