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Our market-leading Treasury Management Academy is designed for professionals in the Treasury department of a bank or a corporate along with Accountants, Risk Managers, Operations Staff and other financial professionals. It will give these participants the best practice tools and approaches for Treasury management. The program will use lectures, real life case studies, computer simulations and workshops to give attendees the latest and most practical tools and techniques which they can apply in their organization to increase the effectiveness, efficiency and profitability.
By the end of the program, participants will be able to:
- Identify the Activities of the Treasury Department
- Understand how the Treasury function funds the institution through money market and fixed income instruments
- Use the yield curve to price interest rate products in both the short and long term
- Structure and use the latest derivative products in interest rate, foreign exchange, commodity and credit derivatives
- Structure and use the latest Islamic Finance and Islamic Derivative Product for Sharia compliant transactions
- Acquire a thorough understanding of the Global Financial System and its regulations
- Identify the best practice in following the latest Basel 3 and CRD IV regulations
- Identify the best practices in managing Liquidity and Market Risk in Treasury
Note - A good level of spoken and written English is required to attend this course. Delegates should be of an intermediate standard in English at a minimum. Please refer to the Common European Framework of Reference for Languages - as a guide the level required is B2.
This course will be run using Video Conferencing Technology.
The course will take place over 2 or 3 sessions each day, beginning at 9am GMT (Greenwich Mean Time, UK)
To find out more, please contact firstname.lastname@example.org
Session 1: Introduction to the Financial System
- Banks and the role of funding
- The crisis of 2008 and recent regulations; Basel 3, Basel 4, CRD IV, SEC,
- New regulation impact on banking and corporate treasury
Session 2: Understanding the Activities of Wholesale Banking, ALM and Treasury
- Assets and liabilities of a bank
- Funding, Liquidity and Market Risk in a bank
- Treasury role in managing funding, liquidity and market risks of the bank
Session 3: ALM and Managing Liquidity and Market Risk in Bank Treasury
o ALM market risk /liquidity risk
o ALM and making money
o ALM and business strategy of the bank
- Identify and Quantify Market Risk in ALM
o Earnings at Risk
Bucketing repricing amount
Calculate repricing gap
New BIS 3 regulations on IRRBB bucketing: NMB, prepayment risk
o Net interest income
o Types of interest rate risk
Duration and Convexity
- EVE analysis in ALM market risk
o Mark-to-market and portfolio valuation
- BOD ALM reporting:
o Market Risk Gap analysis, EAR report
o Long Term EVE analysis
- Business Strategy and ALM Market Risk forecast
- Impact of economic and interest rate change on bank balance sheet
- Managing ALM Market Risk
o Limit system
Limit reporting and sanctions
Tools to Manage ALM Market Risk
o Match Funding
o Derivatives: Interest Rate Swaps and Cross- Currency swaps
- ALM and Managing Liquidity Risk
o Liquidity Products: Overnight, Libor, repo, etc..
o Diversification and concentration
o ALM ranking of liquidity
o Stability and sustainability of funding sources
- Measurement metrics and monitoring for liquidity risk management
o Key metrics: Cash forecast, roll-off forecast, liquidity forecast
o Scenario and back testing
- Managing liquidity risk with Limits and FTP
o Types and use and Sanctions
o Moody’s Best Practice in Fund Transfer Pricing
o Liquidity Premium Uses
- Setting policy
- Liquidity asset buffer
- Choosing appropriate assets and business strategy
- Managing the asset portfolio
- Asset Liability Committee activities and Treasury
Session 4: Corporate Treasury
- The roles of Corporate Treasury
- The Role of the CFO
- Treasury Functions and the business strategy of the company
Session 5: Corporate Treasury Management
o Liquidity and cash forecasting in corporate treasury
o Forecasting working capital needs
o Negotiating working capital funding
o Integrating working capital, liquidity and cash management
- Cash Management
o The cash cycle
o Collections, fund management and payments
Best Practices in Collections: Collection services, POS, e-collection (ACH, SWIFT), phone payent, credit cards, mobile app, automated lock boxes etc
Best Practices in Cash Management:
• Accounts: operating accounts, pooling accounts, sub account, virtual accounts,
• Cash Optimisation: physical pooling, notional pooling, netting (bi-lateral and multi-lateral), sweeping, Foreign currency accounts etc.
Best Practices in Payments: ACH, SWIFT, Integrated payables, Mobile app, STP process, Debit and credit card, Block chain process
o Treasury Organisation: Pros and cons of decentralized versus centralized, complete centralisation, functional centralisation, In-House Bank, etc…
o Best practices in Treasury Management and Organisation
Session 6: Funding Long Term – The Fixed Income Market
- Introduction to the Bond Markets and long term funding
- Different Bond Products:
o US Bond, 144A and Traditional Private Placement
o Regulation S and Eurobonds
o Global Bonds
o Local Market Bonds
o Bond structures
o Securitisation structures
- Convention, Liquidity and Pricing
- Duration and Bond Pricing/Trading
o What is duration?
o Modified Duration and its impact on bond price
o Calculation of Duration and Price movement
- Convexity and Bond Pricing/Trading
- Bond Issuance Process
Session 7: Interest Rate Derivatives and Managing Market Risk
- Introduction to market risk and derivative products
- Forward Rate Agreement
o Product Structure, Pricing, Settlement Calculation
o Exercise: FRA calculations
o Uses of FRA in managing interest rate risk
- OTC and exchange traded products
o Market and pricing conventions
o Size issues, Settlement dates, Pricing calculations
o Dealing with the exchange: initial margin, margin call etc..
- Exchange Traded Products
o Interest Rate Futures:
Product, Quotation and Pricing, Margin, Cash Settlement
Money Market Interest Change on Futures Pricing
o Bond Futures:
Product, Structure, Pricing, Cash or Delivery Settlement,
Duration/Convexity and cheapest to deliver
Interest Rate change and futures pricing change
- Uses of Interest rate and Bond Futures in Treasury
Session 8: Interest Rate Derivatives and Managing Market Risk (continue)
- Interest Rate Swaps
o Introduction to IRS
o IRS structure, terminology, cash flow, convention and pricing (outright or T+)
o Pricing of IRS and Bloomberg IRSB screen
o Uses of IRS in funding, bond structuring, bond hedging
o ALM: IRS and managing the bank’s IRRBB market risk
o Mark to market of an IRS
o Duration and price sensitivity of IRS
o IRS structures: Forward start, amortizing, asset swaps
- Interest rate options: Caps, Floors and Swaptions
o Introduction to caps and floors: market conventions, pricing convention
o Options pricing issues: Delta, Gamma, Theta, Vega, Rho
o Uses of caps and floors in Treasury
o Introductions to Swaptions: Payer/Receiver, pricing convention
o Pricing and uses of swaptions
o Using Interest Rate Options to manage the bank’s market risk
Session 9: Foreign Exchange
- Introduction to the Foreign Exchange Market
- Market conventions and quoting conventions
- Using the Bloomberg FX screens and quotation of spot rates
- Calculation and quotations of forward FX rates
- Using Bloomberg FX forward screens
- Non-deliverable forwards (NDF) and their use
- Application of spot and forward products
- Structuring and Using FX swaps
- Foreign Exchange Options
o Puts and Calls
o Conventions and pricing of calls and puts
o Option pricing models: Delta, Vega, Gamma, Theta, Rho
o Participating Forwards structuring
- Exotic Options: Average rate, path dependent, knock out/in, no upfront fee, lookback
- Uses of FX options
- Introduction to the commodity market- The Commodity Price curves: Cotango and backwardisation
- Seasonality, Delivery and Pricing
- OTC and Exchange traded commodity derivative products
o Commodity Futures
o Commodity Swaps
o Options on commodities
- Uses of commodity derivatives to hedge market risk
Our Tailored Learning Offering
Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.
If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.
We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.
We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.
We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:
- Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
- Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
- Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
- Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
- Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
BiographyThierry Fuller is a highly experienced trainer and consultant in operational, credit and market risk management. Since, 1997, he has worked as a consultant and trainer with the Top Three Investment Banks in the World (Goldman Sachs, Morgan Stanley, BofA Merrill Lynch), most of the largest 20 Banks in the World (Citi, J.P. Morgan Chase, Stanchart, BBVA, ABN AMRO , Commerzbank etc…) , all Top 4 Audit/Tax Accounting Firms, commodity trading company and other prestigious financial institutions. Recently, Mr. Fuller has worked with Central Banks (such as Central Bank Ireland, Bank Indonesia etc.) in the area of trading room risk management, regulation, supervision and Basel 2/3 implementation. Mr. Fuller has also worked with emerging market banks in Mexico, Brazil, Hong Kong, Malaysia, Singapore, Indonesia and Thailand in corporate transformation and risk management. In China, Mr. Fuller has worked with local banks such as ABC, HSBC and Standard Chartered. Mr. Fuller’s banking experience includes developing and managing the Capital Markets and Derivatives businesses for Wachovia Banks, America’s fourth largest bank at the time. He also led the development of the risk management operations and infrastructure for the trading room. His banking experience also includes working in corporate finance/investment banking, especially concerning M&A for financial institutions, and asset management at Brown Brother Harriman in New York. Mr. Fuller has also worked as a management consultant at McKinsey & Company in strategic consulting and organizational changes for banks. He has also worked in the Corporate Finance/Treasury Consulting Practice at KPMG in New York where trading, risk management, auditing and compliance where high priority. Mr. Fuller was a Joseph Lauder Fellow at the Wharton School where he received his MBA. He also graduated with an MA in International Studies and an MA in Political Science from the University of Pennsylvania. Mr. Fuller completed his undergraduate studies at Columbia University.