Training course

Advanced level

Wednesday 7 Friday 9 December 2011 The Economist Building, London, UK

LONDON, UK

Group discounts available. Email training@ euronance.com for more information

Advanced International Treasury Management (3 days)

Advanced techniques and best practices for treasury management
Day 1 Day 2 Day 3 International Treasury and Money Movement Global Liquidity Management and Compliance Organisation, Systems and Bank Relations

Register and pay by Friday 14 October 2011 for major discounts

Course outline and key learning objectives

Advanced International Treasury Management 79 December 2011 Advanced level training course
This course is designed for experienced nance, treasury and banking professionals who need to understand the latest and most advanced treasury management techniques.

Day 1
08:15 REGISTRATION and REFRESHMENTS 09:00 Introductions

Wednesday 7 December 2011

International Treasury and Money Movement

09:15 Overview and introduction to best practice in international treasury

Main elements of treasury management The changing role of the corporate treasurer The importance of cash and liquidity management Role of ERP systems in commercial flows Organisation and structure of treasury in MNCs Treasury policy framework Trends in todays treasury market Creating efficiency in the supply chain Managing treasury with a global process Implications of changes in regulation and compliance Changing payments infrastructure

Learning objectives
Gain a complete insight into the new and existing challenges facing the profession and develop practical skills and knowledge that can be immediately applied upon your return to the oce. Key topics range from latest account structures: using treasury vehicles; interfacing with ERP systems; and building payments factories to new banking products. This is the most advanced international course EuroFinance oers.

10:00 Treasury organisation and treasury techniques

Levels of treasury responsibility Decentralised treasury Central responsibility In-house banking what are the advantages and disadvantages? Full centralisation regional or global? Typical treasury structures What fits your size of organisation? Inter-company lending, re-invoicing, factoring Centralising exposure management inter-company FX

10:30 REFRESHMENT Break 11:00 Working with commercial ows

Harnessing accounts payable and receivable Fully automating the end-to-end process Controlling domestic liquidity management Leveraging ERP systems and shared service centers Multi-country domestic models Local market practice: US, LatAm, Asia, Europe, CEEMEA Clearing and settlement systems for domestic money movement Types of clearing systems and how they work domestically net settlement, real-time gross settlement, hybrid systems and continuous linked settlement Clearing and settlement risks High value EFT clearing Low value ACH clearing Check clearing around the world Role of central banks European, Asian examples and comparisons to US systems New target 2 and SEPA clearing in Europe Local market infrastructure convenience stores, stored value, bill payment

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

11:30 The domestic banking system

13:00 LUNCH 14:00 International money movement

International banking principles The role of SWIFT, the types of messages and when they are used Cross-border payments globally Eurozone payment and clearing options TARGET, SEPA, EBA and network bank Using intermediary or correspondent banks Using network banks for international money movement Implications of how banks fund and manage positions Straight-through processing overview, how does it work? Using BICs, IBANs and UIDs Currency check collections and bankers drafts Documentary collections and letters of credit Debit and credit cards What are standard payment types across European/Asian/LatAm countries? Taking account of the currency difference How does the money move? Taking account of time difference When will the beneficiary receive value? Overcoming practical, real world obstacles What happens when things go wrong?

Tutors and teaching methods

EuroFinance 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 oce. You will be required to complete a questionnaire prior to the course to enable you to dene 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.

15:10 Exercise: moving money between countries and currencies

Who should attend

Corporate treasury and nance professionals who want to increase their operational knowledge of international treasury management. Banking and nance professionals, consultants and system suppliers who require a thorough insight into the challenges facing their clients in the corporate sector. All attendees should be familiar with international treasury management and understand the terminology.

Exercise feedback and discussion

15:40 REFRESHMENT Break 16:00 Local and foreign currency accounts

When to open foreign currency accounts Where to hold them and how to manage them Implications for banking costs Importance of establishing correct ownership Resident and non-resident issues central bank reporting Understanding value dating and its impact on international money movement Supporting operations in new countries Six practical problems of where to locate accounts Discussion and specimen answers

Official publication

16:45 Exercise: choosing where to hold currency accounts

17:15

END OF DAY ONE FOLLOWED BY Social recePtion | T: +44 (0)20 7576 8555 | E: training@euronance.com

For more information and to book visit www.euronance.com/training

Day 2
08:30 REFRESHMENTS 09:00 Liquidity management netting

Thursday 8 December 2011

Day 3
08:30 REFRESHMENTS 09.00 Treasury centres and vehicles

Friday 9 December 2011

Global Liquidity Management and Compliance

Organisation, Systems and Bank Relations

Methods and types of netting Applicability in different locations Trade payments and receivables Financial flows and inter-company FX Structural and policy issues Case studies and practical problems that can be encountered (e.g. impact of time delays) Netting review checklist New approaches to netting Cost efficiencies Types of notional pooling The tax and regulatory issues Documentation Cash concentration and zero balancing Interest and how it is apportioned Understanding cross-border rules and impact in cash concentration New developments in cross-border pooling Money market investment Mobilising core balances

Reasons for establishing treasury centers Which locations are right? Tax implications of a treasury vehicle Impact on European Union rules on treasury centers Popular European locations Ireland, Belgium, The Netherlands, Luxembourg and Switzerland Centers in Asia Pacific and LatAm Approach and models Systems and technology platforms Integration of ERP accounting with payments systems using EDIFACT, ANSI, IDOC and other standards Challenges with domestic instruments and paper On behalf of collections and payments Mini case studies

09.30 Shared service centers and payment factories

10.00 Liquidity management pooling and concentration

10:30 REFRESHMENT BREAK 11:00 Global payment infrastructure and technology

Mechanisation in treasury departments Balance and transaction reporting Funds transfers and EDI/e-business How does EDI/e-business link with systems? Can one system handle multiple formats? What to look out for in different technology Multi banking real time 942s? Security and controls Corporate access to SWIFT MA-CUGs and SCORE Corporate needs Bank challenges New technology Functionality of treasury systems Role of cash management systems The major providers Technology platform choices Adapting to todays compliance environment Latest trends and enhancements

11:30

REFRESHMENT break
Tax and legal issues in documentation Generating active or passive income Impact of IAS 39 and Basel II Choice of treasury vehicle Multi-bank pooling Cross-currency pooling structures Follow-the-sun structures Open accounts vs. LC trends The trade transaction where does it start and end? Electronic solutions and technology developments Documentation and logistics Financing through the entire supply chain

11.45 Advanced liquidity management

12:30 The new face of trade services in your supply chain

12.00 Treasury management systems

13:30 LUNCH 14.30 Exercise: expanding a liquidity management structure

Integrating a new country into an existing pooling structure to understand the choices and issues involved at a practical level 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 Determining the most efficient account structures Sophistication models for operational purposes Structures that combine operational efficiency and liquidity management optimisation Ownership issues that effect choices

13:00 LUNCH 14.00 Selection, implementation and integration of treasury management systems
Determining critical requirements How to evaluate on an on-going basis Benchmarking your system System project checklist System integration case studies

15.15 Efcient account structures

14.45 How customers select cash management banks and the international RFP process
How the process of bank selection works Structures and purpose of cash management systems Selection for domestic, pan regional and global purposes Bank geographic strategies Corporate organisation matches Local or regional banks? What multinational corporates are looking for Approaches to pricing and service quality Understanding what constitutes best practice (mandates, relationships) RFP Process checklist what should your expectations be? How to evaluate the bank responses benchmarks, formats Handling the short-list and negotiation meetings Identifying and pre-qualifying banks The tender document what to include

16:00 REFRESHMENT break 16.30 Exercise to optimise an account structure

Case study based exercise to highlight the trade off choices in account structure design New regulatory environments Framework of policies and procedures Sarbanes Oxley IAS 39 and IFRS AML and KYC procedures for banks Regulatory implications for systems integration

17:30 Compliance and regulatory issues

15:30 REFRESHMENT break 15.45 Exercise: RFPs what to look for in international proposals
How banks structure their proposals Reviewing bank responses what to look for Evaluating different information

18:00 END OF DAY TWO

Earn up to 21 CPE credits Delivery method: group-live Programme level: intermediate No prerequisites or advanced preparation required

16.30 Quiz

Fun multiple choice quiz to recap on key points from the program What to expect in 2011 and beyond Policy agenda issues for treasurers New banking products Key infrastructure developments

16.50 What to expect in the future

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 nal 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, 37219-2417; Website: http://www.nasba.org For more information regarding refund, complaint and cancellation policies, contact EuroFinance on +44 (0)20 7576 8555.

17:30

END OF COURSE AND PRESENTATION OF CERTIFICATES

For more information and to book visit www.euronance.com/training

T: +44 (0)20 7576 8555

E: training@euronance.com

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Advanced International Treasury Management

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Wednesday 7 Friday 9 December 2011, The Economist Building, London, UK

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