This course will demonstrate how and why good treasury practices can be cost-effective and can improve corporate efficiency and it will put the Treasury department in context with the rest of the organisation. Use this programme to “health-check” your own treasury department as we will overview all of the key functional areas, discussing ways and means to increase treasury efficiency.
As treasury skills and applications become more widely recognised both inside and outside the company, it is vital to fully understand “best practice” and ensure that staff understand their own roles, responsibilities and how the corporate culture in an organisation will influence their treasury activities.
On January 3rd 2018, MiFID 11 regulations became effective. We include an overview of this important regulation.
No prior knowledge is assumed and all terminology will be fully explained.
Corporate Treasury Activities
A practical view of the various activities within a Treasury department
The need for a Policy and Procedures Manual
Day to day requirements
How Treasury interfaces with other departments
Key Treasury roles and responsibilities
Most important – needed to make payments when due
Forecasting, planning and monitoring liquid resources.
The Bullwhip effect
Cash Concentration Techniques
Sweeping Pooling, notional pooling, zero balancing
Working Capital Management
Financing -Debt and Debt Management
Ways and means of funding the business
The advantages of Bonds/Loans/Equity
Fixed rate vs floating rate finance
Debt Portfolio Management
Equity Portfolio Management
Background and overview
LC’s documentary credits, bills of lading
Factoring, Forfaiting, ECA Finance
Investing surpluses – how do I ensure I get the best rates?
Using banks and other providers
Deposits, CP, BA’s, CD’s, T-bills
Case study – Money market instruments
Reviewing a range of different corporate cultures
Objectives: Profit centre vs Cost centre treasuries
Active vs Passive risk management
Credit Risk vs Market Risk vs Operational risk
Currency and Interest Rate Risk Management
FX exposures- identify the risks
The Exposure Management Process
Benchmarks and Hedge Ratios
The use of Derivatives – futures, options and swaps
Case study – FX dealing
Treasury Controls and Security
Treasury Control Checklist
MiFID 11/MiFIR, Market Abuse, Transaction reporting, Best Execution and Product Governance
Working with your banks – keep them on their toes!
WHO SHOULD ATTEND
This course is for staff who are new to Treasury, have recently taken on increased Treasury responsibilities, or indeed existing treasury professionals who need to re-fresh and up-date their skills. It will also appeal to bankers and relationship managers who need to understand how and why corporate treasuries work, in order to better understand their client’s perspectives and requirements.
"Very good and well presented course." Tim Buss, VAT for Accounts Payable course
Kathy Greenwell Ellis Patents
"Everything was excellent - from enquiry to delivery of the course."
Salma Mohamed Pen International
"Jacqueline was fantastic. Best course I have ever been on. Brilliant." Jacqueline Williams, Accounting Principles course
Heather Barker British Land
"Small class and opportunity to discuss made course worthwhile."
Baldish Mandair Specsavers Optical Superstores
"It was well-pitched and gave good references for further information. Example questions were good." Peter Hughes, IFRS Update course
Daniel Lally Bouygues UK
"I would just like to say that I thoroughly enjoyed the course and found it extremely useful and informative. Steve Giles was extremely knowledgeable and very approachable so please do pass on my thanks. In addition, the lunch was fabulous!!" Steve Giles, Role of Non-Executive Directors course
Jayne Stokes Port of London Authority
"The course was exactly as expected and really helped my understanding." Gwen Ryder, VAT 1 and 2 courses
Antonia Jones The Motor Fuel Group
"Very good presenter. Good overview." Peter Hughes, Tax in Company Accounts IFRS course