In the context of today’s business world and volatile markets, be it the efficient management of money, managing the financial risks for the firm, or raising and running capital and the balance sheet, the treasurer’s function has become a critical cog in the wheel of an enterprise’ smooth functioning.

As companies re-evaluate how they manage their internal resources and external business relationships around the world for maximum efficiency, excellence within their Treasury department is critical for success. Treasury evaluates when and how a company invests its assets. Treasury is the department responsible for ensuring that a company has enough cash on hand to fund its very operations. From liquidity management to risk management, Treasury now sits at the intersection of many critical decisions.

Successful companies are the ones with the most knowledgeable and well-trained Treasury departments. Ongoing education and training in the evolving discipline of global Treasury management can help corporate Treasury practitioners lead their companies to better business decisions.

This course is intended to provide finance professionals with up-to-date knowledge of the essential elements of corporate cash and treasury management, how to implement that knowledge in order to deliver valued-added services across the company and to demonstrate their true worth to the business.

Cash and liquidity management has always been a key task in every company to ensure debtor, creditor and stock levels are managed as efficiently as possible. When the business environment is more challenging, corporates can gain a competitive advantage through optimal management of every aspect of their financial position: “During times of difficulty, treasurers demonstrate their true worth to the business”.

• Treasury
• Cash management and Liquidity Management
• Enterprise Risk Management, Foreign Exchange and Interest Rate Risk
• Working Capital Management
• Sale of Treasury products to Treasuries
• Corporate Planning, Internal Audit, Internal Controls

By the end of this course you should have learnt about:

• The role of the corporate treasurer
• The structure of the treasury
• Cash and liquidity management
• Interest rate and foreign exchange management
• Cash flow forecasting
• Working capital management
• Managing risk in corporate treasury
• Enterprise risk management
• Managing Financial risk
• Treasury Management
• Treasury Functions and Responsibilities
• Treasury Infrastructure
• What Does the Treasurer Do?
• Treasury Design
• Importance of Operations and Control Efficiency
• Putting an account structure in place
• Importance of operations and control efficiency
• Managing Treasury in uncertain times
• Working Capital Management
• Significance of working capital
• Treasury’s role in working capital management
• Working capital in the operating cycle
• Cash conversion cycle
• Accounts receivable and working capital issues
• Inventory and working capital issues
• Payables and working capital issues
• International working capital
• Other issues in international working capital
• Case study/ Group Work:Moving from being a surplus organisation to a borrower
• Financing Alternative
• Forms of Bank Finance
• Syndicated Revolving Facilities
• Advantages and Disadvantages of Bank Finance
• Bond Markets
• Advantages and Disadvantages of Bond Markets
• The Pricing of Corporate Bonds
• Medium-Term Note Programmes
• Principles of Asset Securitization
• Why Securitize?
• Should a Company Securitize Assets?
• Case study in Lease Securitization and Acquisition Finance
• Financial Strength and Linkages with Liquidity
• Importance of Company Financials
• Key Financial Ratios
• Capital Structure
• Factors in the Capital Decision
• Debt Capital Markets
• Equity Capital Markets
• Financing the Supply Chain
• Case study/ Group Work:Liquidity and working capital and financing requirement
• Cash and Liquidity Management
• Cash Management
• Collection and Payment Instruments
• Correspondent Banking
• SWIFT, CHAPS, TARGET, CHIPS, ACH
• Foreign Currency Accounts
• International Payment Methods: Electronic and Non-Electronic
• Pooling and Cash Concentration
• Netting
• Cash Forecasting
• The Management of Cash Surpluses
• Instruments for Managing Liquidity Shortages
• Interest Calculations
• Case study/Group Work:Obtaining value for receipts and the annual costs savings from the introduction of a netting system
• The use of Derivatives to Manage Risk
• Introduction to Options
• Spot Foreign Exchange
• Foreign Exchange Swaps
• Foreign Currency Options
• Interest Rate Swaps
• Interest Rate Options (IRO)
• The Effective Use of Derivatives
• Swaption
• Zero-Coupon Rates and Forward-Forward Rates
• Valuing Interest Rate Swaps

Case study: Identifying Selected Financial Risk at IDI