Treasury Products Workshop

4 days 23-26 Apr 2017, Dubai UAE £3,995.00 Download brochure Add to basket
4 days 11-14 Sep 2017, London UK £4,295.00 + VAT* Download brochure Add to basket

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Overview

The course will demonstrate cash treasury products and derivative products, including:

  • 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

Course overview

Sound treasury management ultilises the right financial products to manage risk, capitalize cashflow and minimise debt financing. This 4-day programme will therefore provide you a comprehensive understanding of the products used by banks and corporate treasuries in today's successful treasury management, an insight into the best borrowing sources and investments and when and how to use them, together with an insight into the essential processes to the smooth day-to-day running of your insitution'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.

Methodology

  • The programme uses traditional tried and tested techniques including lectures, worked examples, realistic case studies and role-plays
  • The programme is designed to show the products in a highly practical way, without overcomplication and with clear illustrations so that participants may really understand key concepts
  • Comprehensive product notes are provided for future reference

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Peter Cartledge
The course instructor started his career in international banking in settlement followed by terms in international trade finance and letters of credit. He traded spot and forward foreign exchange and money market products for several years before becoming involved in the training environment. After a period full time training in 1983, he returned to the markets in 1985 as derivative products started to develop in London and was closely involved in working with clients at Midland Montagu Investment Bank, (now HSBC) in strategic risk management, financial engineering and consultancy and new product development. Due to his extremely wide experience and detailed knowledge of global financial markets, as Senior Manager Treasury Skills Consultancy, he was responsible for advising and training corporate and bank staff, in all aspects of treasury and capital markets, fixed income, derivatives and risk management. 

He has published the following: * Spot Currency Dealing, (Foreign Exchange Manual) Woodhead Faulkner 1991 * A Handbook of Financial Mathematics, Euromoney Books 1991 * Financial Arithmetic - A Practitioner's Guide, Euromoney Books 1993 * Market Calculations – Bond Markets, Financial Times - Pitman 1998 * Market Calculations – Interest Rates, Financial Times - Pitman 1998 * Money and Bond Calculations, Euromoney Books 2000 * Financial Derivatives Calculations, Euromoney Books 2001 Member of The Global Association of Risk Professionals (GARP) Member of The International Association of Financial Engineers (IAFE)
Dubai
Thierry Fuller

The Course Director is a highly experienced trainer and consultant in 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, he has worked with Central Banks (such as Bank Indonesia) in the area of trading room risk management, regulation, supervision and Basel 2/3 implementation and with emerging market banks in Mexico, Brazil, Hong Kong, Malaysia, Singapore, Indonesia and Thailand in corporate transformation and risk management. 
The Course Director’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.

The Course Director 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.

He 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. The Course Director completed his undergraduate studies at Columbia University.  


 

 

Venue

Dubai

Dubai Finance

This programme takes place on a non-residential basis at a central 4 to 5* Dubai hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse

We can bring this course to your company's office.

If you simply 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. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

Find out more

Agenda

Agendas are localised, please select your preferred location.

Registration commences at 8:30
Programme runs from 9:00 - 5:00 daily


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

Course drinks


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

Registration commences at 8:30
Programme runs from 9:00 - 5:00 daily

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

Course drinks


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

Why us


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 – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 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 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product