EuroFinance

International Treasury & Cash Management - Introductory

Available dates

Mar 2—4, 2020
3 days
London, United Kingdom
EUR 3870 ≈USD 4410
EUR 1290 per day

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About the course

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 tutors 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.

Learning objectives

Ensure that you are operating best practice in the current economic climate and receive the latest update 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

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 tutor that addresses 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

Programme

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

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

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

Domestic and international banking systems – part 2

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

Value dating and float

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

Multi-lateral netting

  • Features
  • Technologies
  • Benefits
  • Extensions

Electronic banking

  • 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

Group exercise

  • Assessing the effectiveness of a treasury and cash management structure

Liquidity management techniques

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

Foreign currency accounts

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

Cash management group exercise

  • Attendees will participate in a case study to determine the most appropriate bank account structure for a multinational company.

Introduction to the money markets

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

Investing corporate cash

  • Bank instruments
  • Capital market instruments
  • Regulatory changes

Corporate funding

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

Money market quiz

Introduction to foreign exchange markets

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

The main instruments and how they are priced

  • Spot
  • Forward
  • Swaps
  • Options

Group exercise

Participants will practice real life FX calculations in a simulated dealing exercise.

What are 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

Cash forecasting

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

An introduction to working capital management

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

Case study

Exercise linking working capital management to cash management

The day to day cash management routine

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

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

Treasury processes and systems

  • Comparison with banks
  • Front office processes
  • Middle and back office processes
  • Staffing
  • Function of the treasury management system
  • Treasury systems architecture
  • Other treasury systems: IP, online dealing, confirmation matching

Case study: Control in the treasury

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

Trust the experts

Adrian Rodgers

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 th...

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