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About the course

In the radically changing economic environment, treasury is both central and critical to many of the key tasks facing a CFO – managing FX risks, ensuring availability of credit, driving working capital efficiency and restructuring banking relations to work in a shared services environment. This workshop provides practical examples of the best practice used by multinationals to meet these challenges.

Topics include:

  • Best practice in international treasury and current trends
  • Treasury organisation and treasury techniques
  • Liquidity management and investment
  • Supply chain management and working capital
  • Shared service centres and payment factories
  • Global payment infrastructure and technology
  • What to expect in the future

Programme

Best practice in international treasury and current trends

  • Treasury as a strategic tool and performance driver for the CFO
  • Maximising liquidity and availability of credit facilities
  • Managing for economic value rather than accounting value
  • Importance of: cash; liquidity; working capital management
  • Role of ERP systems to create supply chain efficiency
  • New products and responses of the banking players
  • Impact of the credit crunch on bank relationships
  • Coping with FX: interest rate; commodity; counterparty risk

Treasury organisation and treasury techniques

  • Organisation of treasury and the role of the CFO
  • Setting treasury policy and governance
  • Treasury as a tool to actively manage risks
  • Levels of treasury responsibility: centralised; distributed; decentralised
  • Inter-company lending: re-invoicing; factoring
  • Centralising exposure management: inter-company FX
  • Tax neutral or tax advantaged treasury vehicles
  • Matching duration of credit facilities to cash flows

Liquidity management and investment

  • Accessing balances and capital locked in the organisation
  • Types of notional pooling, zero balancing and concentration
  • The tax, legal, documentation and regulatory issues
  • Mobilising core balances and money market investment
  • Impact of IAS 39 and Basel II/III on the corporate balance sheet

Supply chain management and working capital

  • Principles of supplier and receivables financing
  • Creating win, win, win in the chain
  • Financing: POs; invoices; acceptances; promissory notes
  • Off-balance treatment: SEC issues; without recourse
  • Leveraging credit differentials
  • Distributor and inventory financing

Shared service centres and payment factories

  • Critical role of treasury to deliver banking interfaces to SSCs
  • Integration of ERP accounting with payments systems
  • Examples from Oracle and SAP
  • Achieving economies of scale: benchmarking the processes
  • Challenges to eliminate domestic instruments and paper
  • New business models for commercial flows: commissionaire; limited buy/sell

Global payment infrastructure and technology

  • Multi banking and corporate access to: Swift; FileAct; MA-CUGs; SCORE
  • What is happening in SEPA?
  • Applying the right security and controls
  • Automated bank reconciliation and receivables matching
  • Cash forecasting process
  • The great formats debate: ISO20022; EDIFACT; ANSI; BANSTA; BAI; MT940
  • Creating a treasury dashboard

What to expect in the future

  • Treasury policy agenda issues for CFOs

Who should attend

It is ideal for a CFO new to treasury management or as a refresher to update your current knowledge and set the agenda for the coming year and beyond.

Trust the 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...

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