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VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting


Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.

Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund

Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 

Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.


You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

Treasury Products Workshop

Discover treasury products; their values, applications, risks & strategies
  • The Treasury Products Workshop will show you how to ultilise the right financial products to manage risk, optimise cashflow and minimise debt financing.

    This practical four-day programme will provide you with a comprehensive understanding of the products used by banks and corporate treasuries in today's successful treasury management, the best borrowing sources and investments and when and how to use them, and insight into the essential processes to ensure the smooth day-to-day running of your institution's finances.

    The course also provides an overview of the structure and key functions of the treasury and how to implement a robust risk management strategy to weather today's tough market conditions.

    Attend this course to gain a deep understanding of a broad range of cash treasury products and derivative products that includes:

    • The description and definition of each product
    • How the product price is arrived at
    • Market jargon and terminology
    • Product applications and uses
    • Risk factors of using products
    • Key product strategies
    • Product marketing and selling characteristics
    • Product marketing case studies and role-play


    The programme uses tried-and-tested techniques including lectures, practical examples, realistic case studies and role-plays. It is designed to show the products in a highly practical way, without over-complication, using clear illustrations so all participants can truly understand key concepts.

    Comprehensive product notes are also provided for future reference.

    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.

  • Day 1

    Cash market products and money market products

    A review of what money markets are Time deposits

    • As investments
    • As short-term funding
    • Placing and recovery
    • Domestic and off-shore

    Certificates of deposit

    • As investments
    • Benefits in liquidity management
    • Enhancing returns by trading

    Bill of exchange, promissory notes and commercial paper

    • As sources of short-term finance
    • As investments
    • Operating clean acceptances
    • Operating documentary acceptances
    • Evaluating costs

    Sale and repurchase agreements

    • Uses in raising cash
    • Uses in reverse repo

    Day 2

    Foreign exchange market products

     A review of some forex mechanics

    • How the market operates
    • How spot rates are quoted
    • How forward rates are quotes

    Spot foreign exchange transactions

    • Delivery and operations
    • Assumption of risk and exposures

    Forward foreign exchange outrights

    • Costs and gains from interest differentials
    • Forward options
    • Constructing the hedge
    • Evaluating its outcome

    Foreign exchange swaps

    • Uses in liquidity management
    • Funding and investment swaps
    • Time management and position moving

    Day 3

    Derivative market products

     A checklist of derivative products

    • What are derivative products?
    • Where do they come from?
    • What are the general risks in these products?
    • Gearing and leverage
    • Contracts for differences

    Futures contracts

    General overview of exchanges, terminology and principles

     Currency futures

    • Creating FX hedges and their evaluation

    Time deposit futures

    • Hedging money market borrowing and investment income

    Bond futures

    • As surrogate bonds
    • General principles of trading and hedging

    Swaps contracts

    Long-term currency and interest-rate swaps

    • General overview of the swaps market
    • Cross currency index swaps
    • Creating fixed to fixed swaps
    • Creating long-dated FX contracts
    • Long-term foreign currency funding
    • Improving market access
    • Hedging long-term cashflows
    • Interest rate (plain vanilla) coupon swaps
    • Index swaps
    • Amortising swaps
    • Forward start swaps
    • Hedging future long-term funding issues

    Day 4

    Using options

    Currency and interest rate options

    • Using options to manage currency risk
    • The decision taking process
    • Setting up strategies
    • Premium reduction strategies

    Interest rate options

    • The decision taking process
    • Setting up strategies
    • Premium reduction strategies

    Caps and floors

    • Using options in the medium term
    • Premium reduction devices

    Course summary and close

  • 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
This course can be run virtually online or as an in-house, tailored learning solution


  • Paul Kitching


    The Course Director was the Strategic Development Manager at the London International Financial Futures Exchange (LIFFE), where he was responsible for the research and definition of new specialist swap and risk transfer contracts. Prior to this, he was Head of Interest Rate Product Development with responsibility for the maintenance of the existing product range and the development of new products.He began his career with Ernst & Young and Grant Thornton as a tax specialist, before moving into corporate treasury management at Royal Mail where he was project leader for a treasury and risk management group. In this role he developed risk management protocols and procedures for the use of derivative products. He was responsible for recommending the optimal combination of product types and features for a wide range of situations. Following the completion of a quantitative finance masters degree, he became senior lecturer in Corporate Finance and Taxation at the University of Greenwich. He is a visiting lecturer to Cass Business School on their Executive MBA programme. He is a panel member for the Securities Institute, a member of the Association of Corporate Treasurers and an associate of the Institute of Taxation.



The course will take place at a Central London hotel.

The map attached details some of our most frequently used venues

If you need help booking accommodation for your visit, please contact and one of our partners will help you get the best rate possible.