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Financial Skills: Treasury: Cash Management Fundamentals

Course Code: CM9408      Days: 1
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Greater London
London 10/12/08 £ 520
London 29/01/09 £ 520
London 20/05/09 £ 520
Prices exclude VAT.
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Course Overview

This is for everyone needing to know more about day-to-day cash management and getting the best rates from their banks. Looking at the basics including the company policy, essentials of forecasting, value dating, calculating interest costs, and various payment systems. Sweeping, pooling and netting will be discussed and this course will be useful for bankers, treasurers and their staff, cash managers, auditors, accountants, financial control, fund managers, bankers.

Course Outline

UNDERSTANDING CASH MANAGEMENT

  • Handling of payments and receipts
  • Moving money between accounts
  • What is 'float' and how do I reduce it?
  • Value-dating
  • Forecasting

CASH MANAGEMENT POLICY AND PROCEDURES

  • How much liquidity do we need and where do we source it?
  • Cost of liquidity
  • Trade off - safety vs liquidity vs yield
  • How often should we re-tender the business?

FORECASTING -WHY BOTHER?

  • Timely, accurate, reliable in order to
  • Maximize earnings
  • Minimise funding
  • Have advance warning of problems
  • Range of forecasts:
  • Short (operational)
  • Medium (tactical)
  • Long (strategic)

CASH MANAGEMENT ESSENTIALS

  • The role and use of LIBOR, base, overnight
  • Interest calculations - day counts, accruals
  • Principles of value dating -'good value', back-interest and back-valuing
  • How payment is made - RTGS, BACS, CHAPS, CHIPS, SWIFT

CASH CONCENTRATION TECHNIQUES

  • Sweeping, pooling, netting
  • Target and zero balancing

INVESTING IN THE LONDON MARKET

  • Market participants and their motivations
  • Banks, brokers, building societies, corporates and institutions
  • The need for quality information

THE INVESTMENT SPECTRUM

  • Definition and key features of
  • Treasury bills
  • Certificates of deposits (CDs)
  • Term deposits
  • Commercial paper (CP)
  • Money market funds (MMF)
  • Applications and examples

INVESTOR RISK

  • How safe is my investment?
  • Investor protection
  • Which banks shall I use?
  • Understanding market signals
  • Use of credit ratings
  • Getting the best rates on the day


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