VAT on Virtual and Online Programmes
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Treasury Management Training Week
The Treasury Management Training Week is designed for professionals in the Treasury department of a bank or a corporate along with Relationship Managers, Accountants, Risk Managers, Internal/External Auditors, Regulators, 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 5-day program, you will know how to:
- Identify the Activities of the Treasury Department
- Identify the Best Practices of the Treasury function of a bank
- Identify the Best Practices and Organisation of the Corporate Treasury function
- Understand how the Treasury function funds the institution through money markets and capital market products
- Understand and use interest rate derivative products like FRA, Interest rate swaps and caps/floors/swaptions
- Understand and use foreign exchange products such as FX spot, FX forwards, cross-currency swaps, and currency options
- Understand and use commodity derivative products
- Structure and use the latest derivative products in exotic options such as average rate, basket, lookback etc.
- Acquire a thorough understanding of the Global Financial System and its 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.
Introduction to the Financial System
- Banking and the financial system
- Banks and the role of funding
- The crisis of 2008 and recent regulations; Basel 3, Basel 4, CRD IV, SEC, Dodd-Frank etc.
- New regulation impact on banking and corporate treasury
Understanding the Activities of Wholesale Banking, ALM and Treasury
- The activities of wholesale banking
- 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
ALM and Managing Liquidity and Market Risk in Bank Treasury
What are the ALM risks?
- ALM market risk /liquidity risk
- ALM and making money
- ALM and business strategy of the bank
Identify and Quantify Market Risk in ALM
- Earnings at Risk
- Bucketing repricing amount
- Calculate repricing gap
- New BIS 3 regulations on IRRBB bucketing: NMB, prepayment risk
- Net interest income
- Types of interest rate risk
- Yield curve
- Duration and Convexity
EVE analysis in ALM market risk
- Mark-to-market and portfolio valuation
BOD ALM reporting:
- Market Risk Gap analysis, EAR report
- 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
- Limit system
- Limit reporting and sanctions
- Tools to Manage ALM Market Risk
- Match Funding
- Derivatives: Interest Rate Swaps and Cross- Currency swaps
ALM and Managing Liquidity Risk
- Liquidity Products: Overnight, Libor, repo, etc..
- Diversification and concentration
- ALM ranking of liquidity
- Stability and sustainability of funding sources
Measurement metrics and monitoring for liquidity risk management
- Key metrics: Cash forecast, roll-off forecast, liquidity forecast
- Scenario and back testing
Managing liquidity risk with Limits and FTP
- Types and use and Sanctions
- Moody’s Best Practice in Fund Transfer Pricing
- Liquidity Premium Uses
Liquidity asset buffer
Choosing appropriate assets and business strategy
Managing the asset portfolio
Asset Liability Committee activities and Treasury
- How does Corporate Treasury Work
- The roles of Corporate Treasury
- The Role of the CFO
- Treasury Functions and the business strategy of the company
Corporate Treasury Management
Liquidity and Working Capital Management
- Liquidity and cash forecasting in corporate treasury
- Forecasting working capital needs
- Negotiating working capital funding
- Integrating working capital, liquidity and cash management
The cash cycle
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
Treasury Organisation: Pros and cons of decentralized versus centralized, complete centralisation, functional centralisation, In-House Bank, etc...
Best practices in Treasury Management and Organisation
Funding Long Term – The Fixed Income Market
Introduction to the Bond Markets and long term funding
Different Bond Products:
- US Bond, 144A and Traditional Private Placement
- Regulation S and Eurobonds
- Global Bonds
- Local Market Bonds
- Bond structures
- Securitisation structures
Convention, Liquidity and Pricing
Duration and Bond Pricing/Trading
- What is duration?
- Modified Duration and its impact on bond price
- Calculation of Duration and Price movement
Convexity and Bond Pricing/Trading
Bond Issuance Process
Interest Rate Derivatives and Managing Market Risk
Introduction to market risk and derivative products
Forward Rate Agreement
- Product Structure, Pricing, Settlement Calculation
- Exercise: FRA calculations
- Uses of FRA in managing interest rate risk
OTC and exchange traded products
- Market and pricing conventions
- Size issues, Settlement dates, Pricing calculations
- Dealing with the exchange: initial margin, margin call etc..
Exchange Traded Products
- Interest Rate Futures:
- Product, Quotation and Pricing, Margin, Cash Settlement
- Money Market Interest Change on Futures Pricing
- Bond Futures:
- Product, Structure, Pricing, Cash or Delivery Settlement,
- Duration/Convexity and cheapest to deliver
- Interest Rate change and futures pricing chang
- Uses of Interest rate and Bond Futures in Treasury
Interest Rate Derivatives and Managing Market Risk (continued)
Interest Rate Swaps
- Introduction to IRS
- IRS structure, terminology, cash flow, convention and pricing (outright or T+)
- Pricing of IRS and Bloomberg IRSB screen
- Uses of IRS in funding, bond structuring, bond hedging
- ALM: IRS and managing the bank’s IRRBB market risk
- Mark to market of an IRS
- Duration and price sensitivity of IRS
- IRS structures: Forward start, amortizing, asset swaps
Interest rate options: Caps, Floors and Swaptions
- Introduction to caps and floors: market conventions, pricing convention
- Options pricing issues: Delta, Gamma, Theta, Vega, Rho
- Uses of caps and floors in Treasury
- Introductions to Swaptions: Payer/Receiver, pricing convention
- Pricing and uses of swaptions
- Using Interest Rate Options to manage the bank’s market risk
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
- Puts and Calls
- Conventions and pricing of calls and puts
- Option pricing models: Delta, Vega, Gamma, Theta, Rho
- 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
- Commodity Futures
- Commodity Swaps
- Options on commodities
Uses of commodity derivatives to hedge market ris
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.