International Cash Management & Treasury Bootcamp

EuroFinance

How long?

  • 5 days
  • in person

EuroFinance

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Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.

Who should attend

  • Corporate treasurers and finance professionals – We know it’s time consuming to keep on top of the latest developments, so the International Treasury & Cash Management Bootcamp does the leg-work for you by annually providing an in-depth look at the latest treasury technologies and techniques. We create the programme on a practical level, as well as theoretical so that you can hit the ground running on return to the office with instantly applicable knowledge and skills.
  • Financial institutions and service providers – this is the perfect opportunity for non-treasury professionals to better understand their clients’ day-to-day challenges and discover where their solutions fit. Start thinking like a treasurer and get one step ahead of your competitors.

About the course

Follow the lead of the 400+ treasury professionals who have attended our 5-day intensive course and discover everything you need to know about cash management and treasury with fresh content updated for 2020. Get up to speed with the latest developments, regulations and technologies, and gain the overall knowledge you need to implement new projects and strategies through a mix of theory, group exercises and case studies presented by real-life corporate treasurers. Thanks to our unique residential offering, you will have the opportunity to extend your international network and build lasting relationships that will support you in your career.

This practical course will enable you to apply the 4 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/governance

What you will discover

  • A step-by-step guide to centralising treasury
  • What treasurers need to be doing on a day-to-day basis
  • The best way to connect treasury and ERP systems to banks
  • Supply chain financing and other financing options
  • How having an effective hedging policy is essential and will determine the best use of FX risk management

By the end of the course you will be able to

  • Develop treasury policies to better manage risk and controls
  • Make liquidity visible, available and usable
  • Get a step by step guide to centralising treasury
  • Manage a RFP and bank selection process from start to finish
  • Learn how AI can serve treasury using through RPA and machine learning
  • Understand the importance of an effective hedging strategy
  • Improve the accuracy of your cash forecasts
  • Connect treasury and ERP systems to banks
  • Understand virtual account and in-house cash solutions
  • Get familiar with supply chain financing and other financing options
  • Benchmark your practices against your peers

Hot topics

  • How well is your treasury coping with low interest rates and FX volatility?
  • Are blockchain and smart contracts becoming a reality?
  • What’s new in the next generation of liquidity and virtual account solutions?
  • Can business intelligence replace my treasury management system?
  • How will API connectivity affect my treasury?

Why attend?

  • Learn everything you need to know in just five days
  • Real-life corporate case studies presented
  • by corporate guest speakers
  • Gain knowledge and skills you can instantly apply
  • and take back to the office
  • Delivered by EuroFinance. We are the trusted,
  • industry leading training provider
  • Experienced tutors that address your real-life challenges
  • Residential course – choose our residential option
  • for the best deal including accommodation, dinner
  • and entertainment over five evenings
  • Earn up to 35 CPD credits

What can you expect?

An introduction to choosing the right liquidity tool for your treasury – zero balancing or notional pooling. Presented by Chris Robinson, Senior EuroFinance Tutor.

Agenda

Day 1

Best practice treasury, cash management and international money movement

Start time: 8:15 am

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

Trends and best practice in international treasury

  • 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

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 proposed Us Section 385
  • Virtual Accounts: the next generation

Case study

  • Overview of client case study that will be used throughout the program to illustrate the key learnings

Clearing and settlement systems (with European, US and Asian examples)

  • 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

The international banking system

  • Who are the players?
  • How money moves – interactive role play
  • Understanding SWIFT and the different types of messages
  • Cross-border payments globally and in the Eurozone
  • Corresponding bank charges
  • Straight-through processing (STP)
  • Currency cheque and draft collections
  • Letters of credit and documentary collections

Exercise: Looking at different payment and collection instruments in practice

Emerging payment methods

  • Faster payments – specific country implementations
  • Mobile payment solutions
  • Blockchain – a primer
  • Potential Blockchain solutions and current activities
  • Disruptive technology – FinTech solutions in the payment space

Day 2

Treasury management, risk management and hedging

Start time: 8:30 am

Managing debt

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

Investing surpluses

  • Choice of instruments and asset classes
  • Yield curve pickup
  • Maximising investable cash
  • Benchmarking investment performance
  • Appropriate treasury and risk policies

Linking cash flow forecasting to working capital management

  • Optimising working capital
  • Order to cash and purchase to pay cycles
  • Actions to reduce float
  • Accounting and compliance issues

Cash flow forecasting

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

Exercise: cash flow forecasting

  • Practical exercise to forecast cash needs and investment balances

Local and foreign currency accounts

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

Day 3

Liquidity management and centralising treasury

Start time: 8:30 am

Compliance and regulatory issues

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

Inter-company netting

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

Case study: In-house banking – Wyndham’s experience

Planning and implementation

  • 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

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”

Managing a bank treasury

  • Differences between banks and corporates
  • Role of ALCO committees
  • Money market and funding desks
  • Matching assets and liabilities
  • Managing the gap
  • Central bank regulatory considerations
  • Reserves, collateral, Tier 1 capital

Case study: running a regional treasury centre

  • Practical approach to managing treasury for a large multi-national company
  • FX, hedging, currency pooling and netting
  • Creating a centralised payments process from SAP

Day 4

Systems integration: Treasury, ERP and banking platforms

Start time: 8:30 am

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

Banking systems

  • Electronic Banking Channels – Proprietary and Industry solutions
  • Linking electronic banking to the corporate treasury management system
  • File versus message channels
  • Importance of ISO20022
  • SAP Financial Services Network
  • eBAM – Bank Account Management
  • Multi banking aggregation
  • Achieving straight-through processing
  • Is Blockchain a reality? How to use it
  • Machine Learning and AI
  • Smart Contract applications
  • Treasury and banking systems

  • Typical functions within a treasury system

  • Service providers to treasury

  • Current treasury platforms

  • System integration: What can be achieved?

Fraud and CyberCrime

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

Journey to automation – A corporate case study by Royston Da Costa, Ferguson Plc

Treasury Management System * Global Cash Pooling * Online Dealing (including Money Markets portal) * Automated interface into ERP (including Market Data) * SWIFT (cash visibility using MT940s) * EMIR * Implementation of a new TMS (Cloud based) * Impact of Cyber Crime on Treasury

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?
  • BIC – Replacing BEI codes
  • Hidden costs – evaluating the options
  • Control, contingency and security
  • SWIFT Services – SWIFT Ref, 3Skey, Sanctions Screening

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

Day 5

Financial Supply Chain Management, Treasury Systems and Bank Selection

Start time: 8:30 am

Working capital

  • Working capital metrics
  • The cash conversion cycle
  • Approaches to optimising working capital
  • Comparison of working capital benchmarks

Financing the supply chain

  • Understanding the supply chain
  • Flow of value versus goods versus funds
  • Example of seller centric finance – receivables finance
  • Selling and financing receivables
  • Balance Sheet implications of financing
  • Worked example: Benefits of receivables finance

Financing the supply chain (buyer centric)

  • Example of buyer centric finance – supply chain finance
  • Understanding the credit differential
  • Creating a supply chain finance program
  • Accounting challenges
  • Supplier onboarding
  • Implementation options
  • Comparison with dynamic discounting

Corporate cards

  • 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 with latest procurement platforms – Coupa SciQuest
  • Pre-paid as an alternative to cash distribution

Team exercise: Developing requirements for a multi-national corporate

  • Summarising the requirements
  • Defining the areas of inefficiency
  • Identifying potential solutions
  • Understanding priorities and challenges of implementation
  • Corporate teams will focus on requirements and bank selection process
  • Banker teams will propose viable solutions and differentiate themselves

Report back

  • Each team will present its solution to the class
  • Question and answer session with each team
  • Analysis of exercise findings by course tutor

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

Quiz

  • Fun, multiple choice exercise to recap

What to expect in the future

  • What to expect in the coming year and beyond
  • Policy agenda issues for treasurers
  • New banking products
  • Key infrastructure developments

End of course and presentation of certificates

Experts

Chris Robinson

Chris has over 30 years’ experience in the payments business, working in treasury, cash management, transaction services, trade, e-commerce and card acquiring. He has worked in senior roles for Citibank and Bank of America and founded the treasury workstation company, IT/2. In 2003 he set up Tran...

Royston Da Costa

Royston Da Costa has over 27 years’ experience working in treasury. He joined Wolseley, now Ferguson Group, in April 2002, and was responsible for managing the large, international group’s daily debt and cash requirements. He also implemented a global multi-currency notional cash pooling structur...

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International Cash Management & Treasury Bootcamp at EuroFinance

From  7410 GBP$9,596

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.