International Cash & Treasury Management

Transcription

1 Sunday 23 - Thursday 27 March 2014 Dubai, UAE International Cash & Treasury Management Dubai School 2014 Intermediate Register and pay by Thursday 22 January 2014 for major discounts

2 Dubai School 2014 International Cash & Treasury Management Sunday 23 - Thursday 27 March If you work in international treasury, you need to attend this course. Over five days, we cover everything you need to know, from the latest treasury technology to selecting the right bank. What you will learn: A step-by-step guide to centralising treasury What treasurers need to be doing on a day-to-day basis The best way to connect treasury and ERP systems to banks Managing a RFP and selection process from start to finish Treasury policies to better manage risk and controls How to make liquidity visible, available and usable Managing the balance sheet Improving the accuracy of your cash forecasts Benchmarking your practices against your peers If you need in-depth and sophisticated knowledge of international cash management, then this course is for you. It is the most comprehensive course offered by EuroFinance, the leading global provider of cash, treasury and risk mana gement training courses. You will learn about the key components of effective treasury management and how treasury is changing as a result of the economic upheaval. You will also have the opportunity to meet fellow professionals from around the world and build relationships that will support you in your ongoing treasury career. Key benefits A complete overview of international treasury challenges and solutions Real-life case studies and group exercises Leading industry tutors An intensive learning and networking environment Hot topics for 2014 Precision in cash forecasting Managing FX volatility Greater regulation in 2014 The credit crunch and the role of banks in continuing to finance corporates Impacts of Basel III Currency risk management in light of the euro decline ebam to help documentation and control Structure transparency Top quality tutors and methods We use the leading tutors in the cash and treasury management profession. Committed to the highest standards of training, they use a mix of teaching methods including real-life case studies and group exercises, to help you put the theory into practice when you return to the office. A truly international perspective Since its inception, our residential courses have attracted more than 300 delegates from over 39 countries. Participants have joined us from as far afield as Armenia, Canada, Finland, India, Japan, Russia, Saudi Arabia, Singapore, Trinidad, Turkey, UAE and Vietnam. Residential course This course is residential to further support the intensive learning environment and is held in Dubai. Evening entertainment and excursions will be arranged to help you explore the city while networking with your fellow delegates. Watch what our past delegates have to say at Excellent, very knowledgeable tutor Ulf Sjögren, Senior Cash Management Advisor, Swedbank Excellent tutor and guest speakers Assemgul Beissembina, Head of treasury, North Caspian Operating Company B.V Thanks to this course, I can now put all the pieces of the treasury puzzle together Tom Thijs For more information or to book, visit

3 DAY 1 Sunday 23 March 2014 Lead Tutor Chris Robinson Senior EuroFinance Tutor & Director of 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. T: E: training@eurofinance.com Official publication Domestic & international money movement 08:15 REGISTRATION AND REFRESHMENTS 09:00 Welcome and introduction 09:15 Introduction to corporate treasury and cash management The role of treasury and its core elements Why treasuries differ between companies Sources of financial risk foreign exchange risk; interest rate risk; credit risk; counterparty risk What is cash management and how it links with other treasury functions The benefits of good cash management Treasury policy framework 10:00 Today s best practice in international treasury Trends in today s market Leveraging ERP systems and shared service centre models Creating efficiency in the supply chain Managing treasury with a global process Creating centralised and distributed treasury Hedging and risk management Implications of changes in regulation and compliance 10:45 REFRESHMENT BREAK 11:00 Clearing and settlement systems (with European, US and Asian examples) Types net settlement, RTGS, hybrid Clearing and settlement risks High value payment clearing Low value ACH clearing and cheque clearing TARGET2, SEPA Major clearing systems around the world Concepts of float, value dating and finality Domestic payment/collection instruments 14:00 The international banking system Who are the players? How money moves interactive roleplay Understanding SWIFT and the different types of messages Cross-border payments globally and in the Eurozone Corresponding bank charges Straight-through processing (STP) Currency cheque and draft collections Letters of credit and documentary collections 15:30 REFRESHMENT BREAK 16:00 Exercise: looking at different payment and collection instruments in practice 16:30 Impact of the credit crunch on treasury Why it happened Flight to liquidity Flight to quality Transparency of investments Counterparty risk management process Refinancing challenges What it means for treasury 17:30 End of Day 1 Accreditation All attendees may apply to relevant international accounting bodies on completion of the course for conversion into CPE credits. EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0) For more information or to book, visit

4 DAY 2 Monday 24 March 2014 Treasury management 09:00 Cash flow forecasting Objectives of forecasting Time horizons and forecast periods Models Miller Orr etc ERP bank reconciliation The process short-term and long-term forecasts; receipts and disbursement method; distribution method; pro-forma statements 10:00 Exercise: cash flow forecasting Practical, hands-on exercise to forecast cash needs and investment balances 10:45 REFRESHMENT BREAK 11:00 Linking cash flow forecasting to working capital management Actions to reduce float Collections efficiency to reduce DSO lock boxes; intervention accounts; remote and controlled disbursement Optimising working capital Order to cash and purchase to pay cycles Supplier and distribution channel financing Accounting and compliance issues Inventory, distributor and channel finance 11:45 Investment of cash Choice of instruments and asset classes Yield curve pickup Maximising investable cash Benchmarking investment performance Appropriate treasury and risk policies 12:30 Debt management Short-term or long-term debt Challenge of re-financing facilities WACC weight average cost of capital Using the debt markets Fees, covenants, agreements 14:00 Effective hedging strategies Instruments used for risk mitigation Risk models VAR FX spot, forward, swaps, options, NDFs Interest rate swaps, futures, CFDs Defining an appropriate hedging strategy Managing to the yield curve Cash management factors to consider Managing currency needs of subsidiaries 15:30 REFRESHMENT BREAK 15:45 Local and foreign currency accounts Where to hold them and manage them Implications for banking costs Importance of correct ownership Resident/non-resident issues 16:15 Exercise: account location Practical problems of where to hold currency accounts 16:45 Inter-company netting Types of netting Trade payables and receivables Financial flows and inter-company FX Netting drivers Example netting analysis Structural and policy issues Case studies Netting review checklist Netting methods New approaches to netting Cashless netting 17:30 End of Day 2 DAY 3 Tuesday 25 March 2014 Liquidity management 09:00 Cash pooling notional and cash concentration Definitions and types of notional pooling Single country single currency pooling Cross-border single currency pooling Tax and regulatory issues Documentation Cash concentration and zero balancing Money market investment Mobilising core balances Impact of Basel II and IAS 39 Problem countries what to do? 10:45 REFRESHMENT BREAK 11:00 Optimising account structures for efficient liquidity management Approaches to regional and global liquidity management structures Centralised and decentralised accounts Integrating resident/non-resident accounts Linking in a treasury centre Linking in an in-house bank Overlay banking structures Various hybrid structures combining cash concentration with notional pooling Cross-border notional pooling using interest enhancement techniques 14:00 Approaches to treasury organisation and impact on cash management Levels of treasury responsibility Decentralised vs. distributed vs. centralised approaches Full centralisation In-house banking the main functions Typical treasury structures used by MNCs Newer structures principal/commissionaire 15:00 Managing a bank treasury Differences between banks and corporates Role of ALCO committees Money market and funding desks Matching assets and liabilities Managing the gap Central bank regulatory considerations Reserves, collateral, Tier 1 capital Funding correspondent accounts VAR models 15:45 REFRESHMENT BREAK 16:00 The Decentralised Treasury Operation Managing treasury for a multinational company Cash management, funding & FX The moving parts and other approaches Advantages, disadvantages and application 17:30 End of Day 3 Customised training courses We 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 training@eurofinance.com For more information and to book, visit T: training@eurofinance.com

5 DAY 4 Wednesday 26 March 2014 DAY 5 Thursday 27 March 2014 Systems used in treasury & technology related issues 09:00 Supply chain management Working Capital Metrics Supplier financing Selling and restructuring receivables Balance Sheet implications of financing 10:00 Shared service centres and payment factories What functions could go into a shared service centre? Where to locate your SSC Integration with ERP accounting Payment factories functionality Payments/collections on behalf of Technology to link to one lead bank or multiple banks Challenges with domestic instruments and paper Commercial cards: automating T&E and MRO 11:00 REFRESHMENT BREAK 11:15 Payment factory software and technology ERP modules using EDIFACT, IDOC and ANSI Cash management and bureau links Links via payment portals Mini case studies Pros and cons of each approach Functions of typical systems 14:00 Selection, implementation and integration of treasury management systems The major providers choosing, comparing The system project check list what to do, when to do it, what to avoid, what resources System integration what can be achieved? TWIST standards and controls Adapting to today s compliance environment Credit risk counterparty and own risk Risk systems integration Bank support and reporting Latest trends and enhancements 15:30 REFRESHMENT BREAK 15:45 Banking systems Linking electronic banking to the corporate treasury management system Proprietary vs. industry solutions Reconciliation from BAI2 or MT940 Balance and transaction reporting real time 942s? Multi banking aggregation Web 2.0 banking portals ebam Bank Account Management SWIFTNet, FIX, Identrus, Elenor and RosettaNet what they do Standards overlap and co-operation Achieving straight-through processing 16:30 Corporate access to SWIFT: MA-CUG s/score Best-practice use of FIN and FileAct Managing the documentation issues SWIFT Bureau or in-house? BEI or BIC which codes and how many Hidden costs evaluating the options Control, contingency and security SWIFT Web 2.0 and other current topics 17:00 Treasury centres Reasons to use a treasury vehicle Inter-company FX and on-lending, re-invoicing, factoring Current issues with European treasury centres Main locations currently used in Europe Options for the future Is treasury outsourcing an alternative? 17:30 End of Day 4 Selecting banks for domestic & international cash management 09:00 Compliance and regulatory issues New regulatory environments Framework of policies and procedures Sarbanes Oxley, Basel III, Dodd-Frank, IAS 39 and IFRS AML and KYC procedures for banks Regulatory implications for systems integration 09:30 Corporate Cards Use of Commercial Cards for business flows Purchase Cards controls and expense management Using cards for traditional procurement spend Pre-paid as an alternative to cash distribution 10:00 Team exercise: selecting banks for domestic cash management services in a foreign country Corporate teams will focus on requirements and bank selection process Banker teams will propose viable solutions and differentiate themselves 10:30 REFRESHMENT BREAK 10:45 Team exercise (continued) 12:00 Report back Each team will present its solution to the class Question and answer session with each team 12:45 Analysis of exercise findings by course tutor 13:00 Lunch 14:00 Selecting banks to fulfill different cash management roles Review of domestic bank selection criteria Selection for pan-european and global purposes Structures and purpose of cash management systems Bank geographic strategies Corporate bank relationships Local or regional banks? Linking cash management and credit requirements What multinational corporates are looking for Understanding what constitutes best practice (mandates, relationships) How banks respond to RFPs Approaches to pricing and service quality 15:00 Bank tenders Process Checklist What should your expectations be? Reducing costs Identifying and pre-qualifying banks The tender document what to include How to evaluate the bank responses benchmarks, formats Handling the short list and negotiation meetings 15:45 REFRESHMENT BREAK Quiz Fun, multiple choice exercise to recap What to expect in the future What to expect in 2014 and beyond Policy agenda issues for treasurers New banking products Key infrastructure developments 17:00 End of the Course and Presentation of Certificates For more information and to book, visit T: training@eurofinance.com

6 Registration form International Cash & Treasury Management Sunday 23 Thursday 27 March 2014, Dubai, UAE Please complete in capitals and black ink Person making the booking: Tel: Delegate details (please complete this section in full) Dr/Mr/Mrs/Ms/Miss: First name(s): Family name: Position: Department: Company: Address: City: Country: Tel: Signature: State: Date: EuroFinance is part of The Economist Group. Occasionally, we would like to contact you about new features, events, special offers and for market research purposes. Tick this box if you d like to hear from EuroFinance by Tick this box if you d like to hear from the other companies in The Economist Group by We ll assume that we may contact you unless you tick these boxes: No contact from EuroFinance by post No contact from EuroFinance by telephone The Economist Group is a global organisation and operates a strict privacy policy around the world. To find out more about our privacy policy, please go to: Are you interested in in-house training? Yes How did you hear about us? Advertisement Association Direct mail Internet Sponsor Word of mouth Other - please specify No Were you invited by a sponsor/exhibitor, if so which one? What industry sector is your company in? Delegate prices Special discounts If you are a certified treasury or cash management professional, you may be entitled to a discount. Further details: marketing@eurofinance.com Method of payment If paying by credit card, please register and pay at or return this form with your credit card details by fax to +44 (0) Please debit US$: from my credit card AMEX Eurocard Mastercard Visa Delta Card number: Expiry date: Cardholder s signature: Date: Cardholder s name: You must quote this code when booking: Register and pay by Thursday 22 January 2014 to qualify for the early registration discount. If payment is not received by this date, you will be charged the full registration fee. Members of the corporate treasury or finance functions in corporations Early reg Full reg 5 days US$5,495 US$7,495 If the delegate considers that withholding tax is payable, then the delegate will pay to Eurofinance Conferences Limited such additional amounts as are necessary to ensure receipt of the full amount of the invoice. Register and pay by Thursday 22 January 2014 to qualify for the early registration discount (MM/YY) Billing address if different from adjacent: Please invoice me/my company Bank transfer to: Barclays Bank PLC Account name: EuroFinance Conferences Ltd Sort code: Account no: SWIFT: BARCGB22 IBAN: GB30BARC Please include the delegate name and code 499 in the transmission details. Three easy ways to register: Online: Fax: Complete, detach and fax form to +44 (0) Post: EuroFinance, Floor 5, 20 Cabot Square, London, E14 4QW, UK For all enquiries call +44 (0) or registrations@eurofinance.com Do you have special requirements? (eg diet, hearing loop, etc) What is the annual turnover of your company? under US$25m US$26m US$100m US$101m US$500m US$501m US$999m US$1bn US$9.9bn over US$10bn What is the market capitalisation of your company/group? US$ million: Fees include: Refreshments, lunch, full documentation and conference 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, 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. Dress: Business. Incorrect mailing: If any details on the mailing label are incorrect, please update@eurofinance.com. 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, please marketing@eurofinance.com EuroFinance Conferences Limited. 499