advanced advanced international cash and treasury management · monday 23 – wednesday 25 march...

Monday 23 – Wednesday 25 March 2015London, UK

ADVANCED

Advanced International Cash and Treasury ManagementThe most advanced techniques used by the world’s leading treasuries

Register and pay by Friday 23 January 2015 for major discounts

Tutor

Chris Robinson Senior EuroFinance Tutor; and Director, transactionbanking.com

Chris has over 20 years experience in the payments business, working in treasury, cash management, transaction services, trade, e-commerce and card acquiring, and has tutored many treasury programmes for EuroFinance. In 2003 he set up transactionbanking.com, a treasury and payments best practice training and consulting business. Prior to this, Chris has worked in senior roles for Citibank, Bank of America and founded the treasury workstation company, Swallow Business Systems. As Global Solutions Head and a European product director for Citibank’s GTS, he worked with many leading clients and innovative product solutions. He was part of the Citibank Cash Management Europe management team and had product responsibilities for liquidity, payments and FI products. He has a broad depth of experience in the trends and development of the payments business across many local markets. He has a MBA from Manchester Business School and a BA in Chemistry from Oxford.

Learning objectives Explore the techniques being deployed

by the leading global treasury organisations

Understand how treasury can deliver improved bottom-line performance for your business through tax-efficient account structures, effective hedging strategies and optimising working capital

Discuss alternative account structure for optimising liquidity and payments

Gain a comprehensive insight into the current and future challenges facing the treasury managers and CFOs

Develop practical skills and knowledge that can be immediately applied upon your return to the office

This course is designed for finance, treasury and banking professionals who have at least five years practical experience in various roles in treasury management and who need to gain a deeper practical knowledge of advanced treasury management techniques.

Key benefits A complete insight into international

treasury Leading industry tutors Real-life case studies Excellent networking opportunities

Tutors and teaching methodsEuroFinance tutors are chosen for their up-to-the-minute knowledge and expertise. Every learning point is powerfully reinforced by case studies, interactive exercises and role-plays so you can apply your newly acquired knowledge as soon as you return to the office. You will be required to complete a questionnaire prior to the course to enable you to define your objectives before the start of each module. This will allow each tutor to tailor the programme accordingly and ensure you walk away with the information you came to learn.

About EuroFinance trainingWe have secured the services of the industry’s leading tutors on cash and treasury management. Selected for their proven market expertise both regionally and globally, detailed technical knowledge and commitment to the highest standards of training, trainers share a dedication to, and have long-term experience in, the corporate treasury and banking field.

08:30 REGISTRATION AND REFRESHMENT

09:00 Introduction

09:25 Corporate Treasury Today The evolution of treasury and cash management as critical functions in the company

• Risk Management in treasury • Funding the operating cycle • The importance of cash and liquidity management • Organisation and structure of treasury in MNCs • Managing treasury as a global process • Centralising treasury functions • Treasury in an ERP world • Passive or active treasury models

10:15 Risk, Funding & Exposures Risk management strategies in treasury

• The right treasury policy • Identifying exposures and strategies to manage them • Defining an appropriate Hedging strategy • Risk models - VAR • Managing to the yield curve • Matching duration of funding to cashflow

10:45 REFRESHMENT BREAK

11:15 Optimising Global Liquidity Management Creating visibility and mobilising liquidity globally

• Summary of Notional pooling vs Target Balancing • Documentation for notional pooling • Understanding cross-border rules and impact in cash concentration • New developments in cross-border pooling • Multi-bank concentration structures • Hybrid structures combining cash concentration with notional pooling • Leveraging trapped liquidity • Cross-currency pooling structures - Interest Optimisation • Interest Enhancement Opportunities • ‘Follow-the-sun’ and ‘Against the sun’ structures

12:30 Tax and Legal Implications for Liquidity Management The accounting, documentation, intercompany and legal challenges in getting to the right pooling structure

• Tax and legal issues in documentation • Generating active or passive income • Treasury Re accounts • Balance sheet impact for banks & corporates • Impact of IAS 39 and Basel II • Choice of treasury vehicle

DAY 1 Monday 23 March 2015

EuroFinance is registered with the National Association of State Boards of Accountancy (NAS-BA) as a sponsor of continuing professional education on the National Registry of CPE Spon-sors. State boards of accountancy have final autho rity on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addres sed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.orgFor more information regarding refund, complaint and can cellation policies, contact EuroFi-nance on +44 (0)20 7576 8555.

Earn up to 21 CPE creditsDelivery method: group-liveProgramme level: advanced No prerequisites or advanced preparation required

Customised training coursesWe offer customised training courses that provide the skills and solutions for the specific needs of your staff or customers. For more information on this please contact Laurence Fiole on

[email protected]

Official publication

13:00 LUNCH

14:00 Advanced Treasury Processes What are the key techniques used by treasury?

• In-house bank • Re-invoicing & Factoring • In-house cash management • Netting inter-company flows • On- lending • Inter-Co FX • Intermediating cross border flows • Benchmarking Investment Performance

14.45 Treasury Centralisation and structures How centralised should a treasury be today?

• Levels of treasury responsibility • Decentralised, distributed or centralised treasury • In-house banking – what are the advantages and disadvantages? • Full centralisation – regional or global? • Typical treasury structures • What fits your size of organisation? • Passive or active treasury processes • Centralising exposure management – intercompany FX • Outsourcing treasury functions


15:45 Tax Efficient Structures Intermediating flows and exposures in a tax optimised way

• Reasons for establishing treasury centres vehicles • Which locations are right? • Tax implications of a treasury vehicle • Tax neutral or tax advantaged • Impact on European Union rules on treasury centres • Popular legal structures – Europe, Off-shore, Asia Pacific and LatAm

16:30 The Evolving Regulatory and Governance/Risk Frameworks Treasury policy challenges from IAS39, Basel III & IFRS

• Framework of policies and procedures • Sarbanes Oxley, Dodd Frank • IAS 39 and IFRS • AML and KYC procedures for banks • Regulatory implications for systems integration • Managing treasury with a global process • Organisation structure and segregation of duties

17:00 Trends in Treasury Management What treasurers are saying at EuroFinance conferences as the key issues for 2014

• Availability of credit • Managing volatility and risk • Minimising counterparty risks • How Basel III impacts banks and their products • Regulatory impact of financial crisis

17:30 End of Day 1

08:30 REFRESHMENTS

09:00 Intermediating Commercial Flows, Payments Factories and Shared Services - tools to optimise treasury and take control

• The business case for shared services • Benchmarking SSC processes • Centralising vs Outsourcing • Benefits of centralising administrative processes • Creating efficient accounts payable processes • Role of ERP systems in commercial flows • Efficient reconciliation • Challenges with domestic instruments and paper • Achieving optimisation without ERP systems • Case study – Treasury ERP

10:00 Techniques for Commercial Flows New challenges when regionalising commercial flows

• ‘On behalf of’ collections and payments (POBO/COBO) • In-house cash banking • What can be achieved in ERP • Regulatory environment & central bank reporting • Reconciling cash and accounting


11:00 Domestic Payments How money moves and settles domestically

• Domestic Clearing Infrastructure • Changing payments infrastructure • Eurozone payment and clearing options – TARGET and SEPA • African,/European/ Asian examples and comparisons to US systems • Specialised local instruments • Evolving of domestic payments in Europe Faster Payments, PEDD

12:00 International Payments Moving money across borders efficiently to minimise charges and loss of availability

• SWIFT and International money movement • Using intermediary or correspondent banks • Serial Payments vs Pay Direct with Cover • The types of messages and when they are used • Regional Payment systems • Using BICs, IBANs and UIDs • Implications of OFAC and AML • Continuous Linked Settlement • Currency check collections and bankers drafts • Letters of Credit and Documentary collections

12:45 LUNCH

DAY 2 Tuesday 24 March 2015




[email protected]

13:45 Cards and Commercial Cards A new level of cost efficiency by using cards

• Debit and credit cards • Using commercial cards and p-cards • Local market infrastructure – convenience stores,

stored value, bill payment • Using Payment Service Providers for web collections • Supplier portals and ERP integration • Travel and Expense control and automation

14:15 Cash Forecasting Cash forecasting precision is critical for funding efficiently and managing cash

• Long, Medium and Short term • Statistical vs Items level forecasting • Models for Cash Forecasting (Miller-Orr, Baumol) • Separating Payables and Receivables • ERP Bank reconciliation • Tools for Forecasting


15:15 Account Structure for Commercial & Treasury Flows Principles for account location - where to hold them and how to manage them

• Easy countries and problem countries – examining different scenarios • Integrating resident and non-resident accounts • Centralising accounts regionally • Impact of single currency on European account structures • Importance of establishing correct ownership • Potential to share accounts

16:15 Case Study: Integrating a difficult country into an optimal account structure Class exercise to illustrate the possible approaches to integrating a new business unit into a regional liquidity structure

16:45 Account Structure – Optimisation and Design Account structures that combine operational efficiency and liquidity management optimisation

• Structures for different currencies and emerging market countries • Integrating resident/non-resident accounts • Ownership issues that influence choices • Incorporating netting, inter-company funding and liquidity • Approaches to regional and global liquidity management structures • Centralised and decentralised accounts • Linking in a treasury centre or an in-house bank • Overlay banking structures • Integrating concentration, notional pooling,

interest optimisation, interest enhancement and funding

17:30 End of day 2

08:30 REFRESHMENTS

09:00 Principles of Working Capital & Cash Management Efficiency Working capital – what is a ‘sufficient’ cash buffer?

• Weighted Average Cost of Capital • Cash Conversion Cycle metrics • ‘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

09:45 Supply Chain Financing The new face of trade solutions in your supply chain

• P&L vs Balance Sheet Management • Measures of working capital performance • Off-balance sheet financing • The Financial Supply Chain • Electronic solutions and technology developments • Documentation and logistics


10:45 Leveraging an ERP for Treasury Integrating ERP systems into today’s treasury – the new treasury models and next level of efficiency

• Treasury Systems versus ERP systems • Cash Management and Cash Forecasting Modules • Integrating In-House Cash modules • Role of Treasury in ERP process definition • ERP Deployment and new business models • Challenges of Implementation • Technology Platforms for Payments Factories

11:30 Treasury Technology Assessing the critical Functions of a treasury management system

• Web based FX trading • Treasury functionality within ERP systems • Selection, implementation and integration of treasury

management systems • Latest trends and enhancements • Benchmarking your system • How much customisation • System integration case studies

12:00 Banking Systems & Corporate SWIFT Linking electronic banking and SWIFT to the corporate treasury management system

• Reconciliation from BAI2 or MT940 • Multi banking aggregation • Corporate access to SWIFT – MA-CUG’s and SCORE • FileACT and FIN • Proprietary or Industry standards • Managing the documentation issues • SWIFT Bureau or in-house • BEI, BIC which codes and how many • Hidden costs – evaluating the options • Control, contingency and security • eBAM – Electronic documentation & mandates

DAY 3 Wednesday 25 March 2015




[email protected]

13:00 LUNCH

14:00 Integration and International Standards What to look out for in different technology choices – avoiding ‘the bleeding edge of technology’

• Objectives for Systems Integration • Current internationally accepted standards • EDIFACT, ANSI, iDoc, ISO20022 • Work Flow Management and reconciliation • Can one system handle multiple formats? • Emerging technologies

14:30 Selecting Banking Partners Understanding what is ‘best practice’ (mandates, relationship) when choosing bank relationships

• Critical requirements for multinational corporates • Local or regional banks? • Supporting credit banks • Approaches to pricing and service quality • Corporate organisation matches • Right bank or right solution

15:00 The International RFP process What to look for in structuring a good RFP or tender document to get the best proposal from bankers

• Selecting a bank and services - what to include in the tender document? • RFP Process checklist – what should your expectations be? • Handling the short-list and negotiation meetings • Identifying and pre-qualifying banks • How banks structure their proposals • How to evaluate the bank responses – benchmarks, formats


15:45 Class Exercise: Choosing the right bank Prioritising your banking requirements

• Selecting banks for cash management services in a foreign country • Focus on corporate requirements and bank selection process • How banks propose viable solutions and differentiate themselves

16:25 What to expect in the future What to expect inthe coming year and beyond

• Policy agenda issues for treasurers • New banking products • Key infrastructure developments

16:45 Course wrap-up • Summarising Treasury Management • Treasury Management Quiz • Review of Objectives • Lessons learned

17:00 End of course and presentation of certificates

Register and pay by Friday 23 January 2015 for major discounts© 2015 - EuroFinance Conference Limited. 658

Fees include: Refreshments, lunch, full documentation and training materials where available (they do not include hotel accommodation). All fees are inclusive of published discounts. Bank transfer charges are the responsibility of the payer. EuroFinance Conferences Limited reserves the right to alter the programme content, speakers or course at any time due to circumstances beyond their control. Venue information: Information on the venue/hotel will be provided between four to two weeks prior the start of the course in a comprehensive delegate pack. Cancellation terms: Receipt of this signed booking form (inclusive or exclusive of payment) constitutes formal agreement to attend this conference/course and cancellation terms apply. Full refunds are available on all cancellations received in writing (letter, email or fax) 28 days before the conference/course start date. NO REFUNDS OR CREDITS AFTER THIS DATE AND ANY OUTSTANDING PAYMENT WILL BE REQUIRED IN FULL. The option to transfer to another conference or course is subject to availability. All confirmation details will be sent upon receipt of the booking form. Attendance fees will not be refunded (irrespective of the date of booking) in the event or threat of war, terrorism or circumstances outside of the organisers’ control. Promotional discounts: EuroFinance regrets that additional discounts received after the registration form has been submitted cannot be retrospectively applied to reduce the original price charged. Dress: Business casual. Incorrect mailing: If any of the details on the mailing label are incorrect, please email [email protected]. NOTE: There will be photography and/or filming at this event and your image may be captured by us and used for our business and promotional purposes, in printed publications, videos and/or on our website. By registering for the event you are giving us your permission to use your image in this way. If you have any queries about this, however, please email [email protected].

Advanced International Cash and Treasury ManagementMonday 23 – Wednesday 25 March 2015, London, UK

Registration form Register and pay online at www.eurofinance.com/training

Early Registration Full Registration 3 days €3,965 + 20% = €4,758 €4,795 + 20% = €5,754

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advanced advanced international cash and treasury management · monday 23 – wednesday 25 march...

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