Course Details/Schedule

Day 1

• Corporate Treasury Today
• Risk Management in treasury
• Funding the operating cycle
• Organisation and structure of treasury in MNCs
• Centralising treasury functions
• Treasury in an ERP world
• Passive or active treasury models
• Risk, Funding & Exposures
• Identifying exposures and strategies to manage them
• Categories of Financial Risk
• Hedging 
• Risk models – VAR

Day 2

• Funding, Yield Curves, Fair Value Accounting
• Managing to the yield curve
• Implied future LIBOR rates from yield curve
• Matching duration of funding to cashflow
• Fair value accounting for IRS and other derivatives
• Impact of tenor on cost of funds and investment returns
• Treasury Centralization and structures
• Outsourcing treasury functions
• Typical treasury structures
• Passive or active treasury processes
• Centralizing exposure management – intercompany FX

Day 3

• Optimizing Global Liquidity Management
• Summary of Notional pooling vs Target Balancing
• Documentation for notional pooling
• Understanding cross-border rules and impact in cash concentration
• Cross-currency pooling structures – Interest Optimization
• Interest Enhancement Opportunities
• Multi-bank concentration structures
• Leveraging trapped liquidity
• Hybrid structures combining cash concentration with notional pooling
• Creating a global liquidity structure
• Generating active or passive income
• Impact of IAS 39 and Basel II/III
• Tax Efficient Structures

Day 4

• Working Capital and Commercial Flows
• Cash Management efficiency techniques
• Weighted Average Cost of Capital
• Intermediating Commercial Flows, Payments Factories and Shared Services
• The business case for shared services
• Benchmarking SSC processes
• Centralizing vs Outsourcing
• Creating efficient accounts payable processes
• Role of ERP systems in commercial flows
• Using commercial cards and p-cards for procurement and T&E
• Integration with procurement systems and platforms
• Techniques for Commercial Flows

Day 5

• Domestic Payments
• Changing payments infrastructure
• Specialised local instruments
• International Payments
• SWIFT and International money movement
• Using intermediary or correspondent banks
• Serial Payments vs Pay Direct with Cover
• Regional Payment systems
• Using BICs, IBANs and UIDs
• Currency check collections and bankers drafts
• Letters of Credit and Documentary collections
• Account Structure for Commercial & Treasury Flows

Day 6

• The Evolving Regulatory and Governance/Risk Frameworks
• Compliance – AML and KYC procedures for banks and treasurers
• EMIR and Dodd Frank reporting
• Intercompany loan pricing considerations
• Principles of Working Capital & Cash Management Efficiency
• Order to Cash and Purchase to Pay cycles
• Eliminating cash cycle times
• Automation of receivables matching
• Electronic bill presentment and payments
• E-invoicing and dispute management

Day 7

• Supply Chain Financing
• The financial supply chain
• P&L vs balance sheet management
• Measures of working capital performance
• Supplier financing programs
• Achieving off-balance sheet financing
• Accounting implications of receivables finance
• Electronic solutions and technology developments
• Documentation and logistics

Day 8

• Building Treasury Dashboards with Business Intelligence
• Key reporting components, KPIs, KRIs and KLIs
• Data visualization and charts
• Data warehouse, data layer, analytical model
• Including data from ERP, Excel models, rates services
• Delivery on mobile, tablet and PC
• Commonly used reporting platforms
• Cash Forecasting
• Direct vs Indirect method
• Statistical vs Items level forecasting
• Models for Cash Forecasting (Miller-Orr, Baumol)
• Separating Payables and Receivables
• ERP Bank reconciliation

Day 9

• Leveraging an ERP for Treasury
• Cash management and cash forecasting modules
• Integrating In-House Cash modules
• Role of treasury in ERP process definition
• Implementing receivables matching in ERP
• Aligning ERP with Treasury
• ERP Deployment and new business models
• Technology Platforms for Payments Factories
• Payments Factory as an alternative to ERP
• Treasury Technology
• Web based FX trading
• Treasury functionality within ERP systems
• Selection, implementation and integration of treasury management systems
• Benchmarking your system

Day 10

• Banking Systems & Corporate SWIFT
• Corporate access to SWIFT – MA-CUGs and SCORE
• SWIFT FileACT and FIN
• SWIFT Bureau, SWIFT Alliance Lite 2, or direct connection
• Control, contingency and security
• ISO20022 vs EDIFACT, ANSI, iDoc
• SAP Financial Services Network (FSN)
• eBAM, SWIFT 3Skey and Reference Data
• Fraud and CyberCrime
• Phishing, spoofing and social engineering
• Hardening systems and firewalls
• Encryption and authentication controls
• Recovery plan from a cyber attack
• Critical requirements for multinational corporates
• The International RFP process