advanced advanced international cash and treasury management · wednesday 29 – friday 31 may 2013...

Wednesday 29 – Friday 31 May 2013Dar es Salaam, Tanzania

advanced

advanced International cash and Treasury Managementadvanced techniques and best practices for treasury management

Register and pay by Thursday 25 april 2013 for major discounts

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.

This course builds on the tools and techniques covered during the International Cash and Treasury Management Intermediate level course. Participants are expected to be familiar with the concepts and practical application of risk mitigation, liquidity management and money movement.

This is the most advanced international course EuroFinance offers.

Learning objectives• Explorethetechniquesbeing deployed by the leading global treasury organisations

• Understandhowtreasurycandeliver improved bottom-line performance for your business through tax-efficient account structures, effective hedging strategies and optimising working capital

• Discussalternativeaccountstructure for optimising liquidity and payments

• Gainacomprehensiveinsightintothe current and future challenges facing the treasury managers and CFOs

• Developpracticalskillsandknowledge that can be immediately applied upon your return to the office.

Tutor

Peter Green, Senior euroFinance Tutor, and director, transactionbanking.com, UK

Peter is an experienced transaction banking professional with detailed knowledge of payment and settlement systems and financial market infrastructure. He is well versed in treasury services and commercial supply-chain solutions.During21yearsatCitibank,heheldsenior roles in product management. Peter has been chairman of the SWIFT Overseas Bank UserGroupandtheUKAPACSEDIExpertPanel, working closely with providers of financial service infrastructure on business, regulatory and technical aspects of payments systems.SinceleavingCitibankin2003,hehasprovided advisory services to banks and multinational corporates on best practice treasury and payment solutions, including co-ordinating the Payment Systems Vision 2020strategyonbehalfoftheCentralBankofNigeria. In addition, he regularly tutors a variety of banking and product management trainingprogrammesinAfrica,Europe,USandAsiathatcovertherangeoftransactionbanking.HeholdsaBA(Hons)inMathematicsgained at Emmanuel College, Cambridge.

08:15 REGISTRATIONandREFRESHMENTS

09:00 Introduction

09:30 The responsibilities and roles of corporate treasury • Elementsoftreasurymanagement • Capitalstructure • RiskManagement • Fundingtheoperatingcycle • Theimportanceofcashandliquiditymanagement • Trendsintoday’streasurymarket • OrganisationandstructureoftreasuryinMNCs • Managingtreasurywithaglobalprocess • Thechangingroleofthecorporatetreasurer

10:15 evaluating financial risk • Sourcesoffinancialrisk–foreignexchangerisk;interestraterisk;

creditrisk;counterpartyrisk • Treasuryriskandhedgingpolicies • Riskmodels–VAR • Identifyingexposuresandstrategiestomanagethem

10:45 REFRESHMENTBREAK

11:15 effective hedging strategies • Instrumentsusedforriskmitigation • FX-Spot,forward,swaps,options,NDFs • Interestrateswaps,futures,CFDs • Defininganappropriatehedgingstrategy • Managingtotheyieldcurve

12:00 Optimising global liquidity management • Principlesofliquiditymanagement • Summaryofnotionalpoolingvs..targetbalancing • Interestandhowitisapportioned • Documentationfornotionalpooling • Understandingcross-borderrulesandimpactincashconcentration • Newdevelopmentsincross-borderpooling • Multi-bankconcentrationstructures • Hybridstructurescombiningcashconcentrationwithnotionalpooling • Cross-currencypoolingstructures–interestoptimisation • Interestenhancementopportunities • ‘Follow-the-sun’and‘againstthesun’structures

13:00 LUNCH

14:00 Tax and legal implications for liquidity management • Taxandlegalissuesindocumentation • Generatingactiveorpassiveincome • Treasuryreaccounts • ImpactofIAS39andBaselII • Choiceoftreasuryvehicle

DAY 1 Wednesday 29 May 2013

International Treasury and Liquidity

14:20 debt management and investment • SourcesofFinance • Shortvs..long-termfinancing • Creatingtheappropriatebalanceoffunding • Managingthecostofcredit • Choiceofassetclasses • Benchmarkinginvestmentperformance • Minimisingrisk

14:50 advanced treasury techniques • In-housebank • Re-invoicing • Factoring • Nettinginter-companyflows • On-lending • Inter-CoFX • Intermediatingcrossborderflows


15:45 Treasury organisation and structures • Levelsoftreasuryresponsibility • Decentralised,distributedorcentralisedtreasury • In-housebanking–whataretheadvantagesanddisadvantages? • Fullcentralisation–regionalorglobal? • Typicaltreasurystructures • Whatfitsyoursizeoforganisation? • Passiveoractivetreasuryprocesses • Inter-companylending,re-invoicing,factoring • Centralisingexposuremanagement–intercompanyFX • Outsourcingtreasuryfunctions

16:30 Tax efficient structures • Treasurycentresandvehicles • Reasonsforestablishingtreasurycentres • Inter-companyfinancing • Whichlocationsareright? • Taximplicationsofatreasuryvehicle • ImpactonEuropeanUnionrulesontreasurycentres • Popularlegalstructures–Europe,off-shore,AsiaPacificandLatAm

17:00 The evolving regulatory and governance/risk frameworks • Newregulatoryenvironments • Frameworkofpoliciesandprocedures • SarbanesOxley • IAS39andIFRS • AMLandKYCproceduresforbanks • Regulatoryimplicationsforsystemsintegration • Settingappropriatepolicy • Managingtreasurywithaglobalprocess • Treasurypolicyframework • Organisationstructureandsegregationofduties

17:30 end of day 1 followed by social reception

EuroFinance is registered with the National Association of State Boards of Accountancy(NASBA)asasponsorofcontinuingprofessionaleducationontheNationalRegistryofCPESponsors. 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 EuroFinanceon+44(0)2075768555.

earn up to 21 cPe creditsdelivery method: group-liveProgramme level: advanced no prerequisites or advanced preparation required

Official publication

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 LaurenceFioleon

[email protected]

DAY 2 Thursday 30 May 2013




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 LaurenceFioleon

[email protected]

08:30 REFRESHMENTS

09:00 Intermediating commercial flows • Businessprocessestocentralise • Approachandmodels • RoleofERPsystemsincommercialflows • Sharedservicecentresandpaymentfactories • Centralisevs.outsourcing • Benefitsofcentralisingadministrativeprocesses • Challengeswithdomesticinstrumentsandpaper • ‘Onbehalfof’collectionsandpayments • Minicasestudies

09:45 Payments factories and shared services • Thebusinesscaseforsharedservices • BenchmarkingSSCprocesses • Creatingefficientaccountspayableprocesses • Efficientreconciliation • AchievingoptimisationwithoutERPsystems • Technologyplatformsforpaymentsfactories • Dealingwithreceivablesandpayables • Casestudy

10:15 domestic payments • Summaryofdomesticclearinginfrastructure • Changingpaymentsinfrastructure • Eurozonepaymentandclearingoptions–TARGET2andSEPA • African/European/AsianexamplesandcomparisonstoUSsystems • RegionalpaymentsystemsinAfrica • Specialisedlocalinstruments • EvolvingofdomesticpaymentsinEuropefasterpayments,PEDD


11:30 International payments • SWIFTandInternationalmoneymovement • Usingintermediaryorcorrespondentbanks • Serialpaymentsvs.paydirectwithcover • Thetypesofmessagesandwhentheyareused • UsingBICs,IBANsandUIDs • ContinuousLinkedSettlement • Currencycheckcollectionsandbankersdrafts • Lettersofcreditanddocumentarycollections

12:15 cards and commercial cards • Debitandcreditcards • Localmarketinfrastructure–conveniencestores,stored

value, bill payment • Usingpaymentserviceprovidersforwebcollections • Usingcommercialcardsandp-cards • ERPintegration • Travelandexpensecontrolandautomation

efficient Payments and accounts

12:45 LUNCH

13:45 cash forecasting • Thepurposeofcashforecasting • Long,mediumandshort-term • Statisticalvs.Itemslevelforecasting • Modelsforcashforecasting(Miller-Orr,Baumol) • Separatingpayablesandreceivables • ERPbankreconciliation • ToolsforForecasting

14:30 Techniques for commercial flows • Payingonbehalfof(POBO) • Receivingonbehalfof(COBO) • Howpossibleisit • Regulatoryenvironment • Centralbankreportingconsiderations • Implicationsforreconcilement


15:15 account structure for commercial and treasury flows • Principlesforaccountlocation • Wheretoholdthemandhowtomanagethem • Easycountriesandproblemcountries–examiningdifferentscenarios • Integratingresidentandnon-residentaccounts • Centralisingaccountsregionally • ImpactofsinglecurrencyonEuropeanaccountstructures • Importanceofestablishingcorrectownership • Potentialtoshareaccounts

16.15 case study: Integrating a difficult country into an optimal account structure

• Classexercisetoillustratethepossibleapproachestointegratinga new business unit into a regional liquidity structure

16:45 account structure – optimisation and design • Structuresthatcombineoperationalefficiencyandliquidity

management optimisation • Structuresfordifferentcurrenciesandemergingmarketcountries • Integratingresident/non-residentaccounts • Ownershipissuesthatinfluencechoices • Incorporatingnetting,inter-companyfundingandliquidity • Approachestoregionalandgloballiquiditymanagementstructures • Centralisedanddecentralisedaccounts • Linkinginatreasurycentreoranin-housebank • Overlaybankingstructures • Integratingconcentration,notionalpooling,interestoptimisation,

interest enhancement and funding

17:30 end of day 2

DAY 3 Friday 31 May 2013




08:30 REFRESHMENTS

09:00 Principles of working capital • Workingcapital–whatis‘sufficient’ • Weightedaveragecostofcapital • Cashconversioncycle

09:15 cash management efficiency • Ordertocash’and‘purchasetopay’cycles • Eliminatingcashcycletimes • Cashmobilisation • Automationofreceivablesmatching • Electronicbillpresentmentandpayments • E-invoicinganddisputemanagement

09:45 Balance sheet management and supply chain financing • Howtheanalystsviewcompanyperformance • P&Lvs.balancesheetmanagement • Measuresofworkingcapitalperformance • Off-balancesheetfinancing • Thenewfaceoftradesolutionsinyoursupplychain • Thefinancialsupplychain • Financingthroughtheentiresupplychain • Electronicsolutionsandtechnologydevelopments • Documentationandlogistics


10:45 Leveraging an eRP implementation • Treasurysystemsvs.ERPsystems • TherelevanceofERPsystemsfortreasury • Vendorpayableprocesses • Cashapplication • Cashmanagementandcashforecastingmodules • RoleoftreasuryinERPprocessdefinition • Challengesofimplementation • Usingin-housecashmodules • ERPdeploymentandnewbusinessmodels • Ongoingprocessimprovement

11:30 Systems for corporate treasury • Functionsofatreasurymanagementsystem • WebbasedFXtrading • TreasuryontheIntranet • TreasuryfunctionalitywithinERPsystems • Selection,implementationandintegrationoftreasurymanagementsystems • Determiningcriticalrequirements • Segmentationofdifferenttreasurysystems • Latesttrendsandenhancements • Benchmarkingyoursystem • Howmuchcustomisation • Systemintegrationcasestudies

12:00 Banking systems • Linkingelectronicbankingtothecorporatetreasurymanagementsystem • Proprietaryvs.Industrysolutions • ReconciliationfromBAI2,MT940orCAMT053 • Balanceandtransactionreporting–realtime942s? • Multibankingaggregation • Web2.0bankingportals

12:30 SWIFT for corporates • CorporateaccesstoSWIFT–MA-CUG’sandSCORE • BestpracticeuseofFIN;FileACTandFIN • ProprietaryorIndustrystandards • Managingthedocumentationissues • SWIFTBureauorin-house • BEI,BICwhichcodesandhowmany • Hiddencosts–evaluatingtheoptions • Control,contingencyandsecurity • Financiallyregulatedentities • SWIFTWeb2.0andothercurrenttopics

Working capital, Systems and Bank Relations

13:00 LUNCH

14:00 Integration and international standards • Objectivesforsystemsintegration • Whattolookoutforindifferenttechnology • Currentinternationallyacceptedstandards • EDIFACT,ANSI,iDoc,ISO20022 • Standardsforformats,securityanddatatransfer • Workflowmanagementandreconciliation • Canonesystemhandlemultipleformats? • Emergingtechnologies

14:30 Selecting banking partners • Criticalrequirementsformultinationalcorporates • Understandingwhatconstitutes‘bestpractice’(mandates,relationships) • Bankgeographicstrategies • Gettingtherightfootprint–selectionfordomestic,pan

regional and global purposes • Localorregionalbanks? • Approachestopricingandservicequality • Corporateorganisationmatches • Rightbankorrightsolution

15:00 The international RFP process • Whatbankservicescanyoutenderfor? • Howtheprocessofbankselectionworks • Thetenderdocument–whattoinclude • RFPprocesschecklist–whatshouldyourexpectationsbe? • RFPs–whattolookforininternationalproposals • Handlingtheshort-listandnegotiationmeetings • Identifyingandpre-qualifyingbanks • Howbanksstructuretheirproposals • Howtoevaluatethebankresponses–benchmarks,formats • Evaluatingdifferentinformation


15:45 class exercise: choosing the right bank • Selectingbanksforcashmanagementservicesinaforeigncountry • Focusoncorporaterequirementsandbankselectionprocess • Howbanksproposeviablesolutionsanddifferentiatethemselves

16:15 What to expect in the future: Trends • Whattoexpectin2013andbeyond • Policyagendaissuesfortreasurers • Newbankingproducts • Keyinfrastructuredevelopments

17:00 course wrap-up • Summarisingtreasurymanagement • Treasurymanagementquiz • Reviewofobjectives • Lessonslearned

17:30 end of course and presentation of certificates

Register and pay by Thursday 25 april 2013 for major discounts© 2013 EuroFinance Conference Limited. 127

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].

AdvancedInternationalCashandTreasuryManagementWednesday 29 – Friday 31 May 2013, Dar es Salaam, Tanzania

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

Early Registration Full Registration 3 days US$3,995 US$4,595

delegate pricesRegister and pay by Thursday 25 april 2013 to qualify for the early registration discount. If payment is not received by this date, you will be charged the full registration fee.

Special discounts

25% discount off the full registration fee for treasury association members(Please note that these discounts may not be used in conjunction with any other offer including the early registration discount)

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advanced advanced international cash and treasury management · wednesday 29 – friday 31 may 2013...

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