Treasury Management

Course Overview

This three day course will give participants a chance to critically review key elements of their company treasury function and the means by which to add value and enhance efficiency. You will learn about current best practices, supported with real-life case studies.

This course is interactive in nature with discussions based on real case studies and participation from the audience is encouraged

Course Objectives:

• Participation in a useful forum for networking, the sharing of experiences and the opportunity to engage in discussions and exercises
• A solid understanding of how and why carefully deployed treasury practices can add value
• A chance to explore different ways and means to improving treasury efficiency
• A chance to learn about internal control and whether treasury risks and control processes are adequate

Course Outline

Risk Management

• Risk/reward
• Investor expectations
• Risk tolerance
• Risk appetite
• Risk budgeting
• Risk capacity
• KRIs/KCIs/KPIs
• Risk framework

Treasury role in risk management

• Treasury policy and procedures
• Benchmarks, reporting
• Delegation of authority
• Treasury Committees (or Risk Management Committee)

Financial risks of trading

• Transaction
• Pre-transaction
• Economic
• Responses
• Opportunity cost
• Speculation

Financial risks of ownership

• Interest rate risk
• Translation risk

Financial risk

• Instruments

Cash Management

• Concepts
• Banking tools, pooling, netting
• Bank systems, reporting
• Forecasting
• SWIFT

Financial Mathematics

• Interest rates
• Forward pricing
• Equivalence in interest rates
• The yield curve

Investing Surpluses

• Understanding counterparty/credit risk
• Credit ratings
• Risk/reward
• Security/liquidity/yield
• The yield curve
• Market participants
• Instruments

Treasury Security and Control Fundamentals

• Scope of treasury activity
• What risks does the treasury run?
• Fraud/unauthorized transactions
• Business continuity
• Treasury design
• Reporting
• Systems
• Independent audit/review
• Segregation of responsibility
• Roles and responsibilities
• Authorization and limits