Who is this course for?

This course is relevant to people working in finance, risk, audit, operations, treasury, compliance, legal, IT and accounting. Particularly those who are new or have recently altered their job. If you work in treasury or in a role that supports treasury and you want to find out more about what is happening and why you do it this course will explain all.

What is the level?

The course is at a foundation level and no prior knowledge is assumed. There will be a mixture of presentation material, case studies, questions and answers.

This is what you will learn:

• How markets have changed and what it means for treasury;
• What goes on in the treasury;
• How a treasury is structured;
• The role of treasury;
• The terminology used;
• The important money market products;
• What liquidity risk really is;
• How fixed income products work and what they are used for;
• All about foreign exchange markets and risk;
• How interest rate options work;
• How key derivative products work and how they are used;
• Market risk and its measurement;
• Valuations and limit structures;
• Operational risks.

There is a mixture of presentation material, case studies, questions and answers. The explanation is straight forward; Practical case studies show you what happens.

Course date 20th-21st March 2012.

Course fee £1,095 + VAT per person.

Cancellations may be made up to 20 days before the event. A £50 administrative charge will apply. Refunds cannot be made for later cancellations but substitution can be made at any time.

If you prefer an invoice please contact us.

Also available as an in-house course.

This course has expired

Venue
London

Course Director
William Webster

Questions
Any questions about this course?

Course Summary

It has been estimated that for every dealer there are six people in support. This includes operations, finance, risk and audit. Some are new, others have more experience. However it’s a fact that the crisis led to some big changes.

These have resulted from the upheaval in regulation, risk management and governance that has gathered pace in the last two years.

The changes have directly affected dealers but frequently leave others asking the question "what's going on?" This course provides the answers.

The content is new and updated. It explains in straight forward terms what is happening in treasury, what's changed and why it is important. It's for those who want and need to know more.

Day One

The New World: The crisis has substantially altered the way markets work and how we manage risk.

• You will find out how these changes have affected both banking and the treasury business. 

Inside the Treasury: Find out why banks and societies have treasuries, how treasuries make and lose money and what people do.

• What a Treasury does
• The main risks
• Main job functions , responsibilities & governance
• The affect on the whole institution

Key Terms: Learn about key terms you need to know including:

• Long / short
• Spot / forward
• Cash / derivative
• Libid/Libor
• Yield curves
• Present value
• Over-the-counter
• Exchange traded
• Market risk
• Hedging

Liquidity: You will see how the main products work and how they are used to manage short term liquidity within the new regulatory framework.

• Loans and deposits
• Certificates of deposit
• Commercial paper
• Treasury bills, reserve accounts
• The role of the central bank and emergency facilities
• How liquidity is managed and measured
• Buffers, stress testing and contingency funding plans
• Funds transfer pricing, what it is and why it's important

Repurchase agreements: Repo is used for funding and to borrow collateral. You will find out about how repo works and the risks involved:

• What happens
• Why repo is used & the risks
• Haircuts and margins

Foreign exchange: FX markets are used for trading, hedging and arbitrage. You will see how banks and customers do this and will learn about the following:

• How FX risk occurs
• Spot exchange rates
• Forward rates & forward points
• FX Swaps

Bonds: These are used for the management of long term assets and liabilities. You will learn about:

• Issuers & investors
• Fixed income securities
• Floating rate notes
• Market conventions
• How bonds are evaluated
• Collateralised and unsecured debt
• How a new issue is done

Day Two

Interest rate swaps: Interest rate swaps are used to hedge and trade interest rate risk. You will cover:

• How they are priced
• Spot, forward and amortising structures
• How they are valued
• How they are used to hedge assets and liabilities
• Risks swaps don’t hedge

Interest rate risk: Interest rate risk is measured using different techniques. You will find out how they work and the advantages & disadvantages of each including:

• Gap reports
• Duration
• Basis Point Value
• Value at risk

Currency swaps:

• Learn how currency swaps are used to convert assets and liabilities from one currency to another
• Find out how basis swaps influence the cost of currencies

Interest rate options: You will learn about caps, floors and swaptions.

• What they are, how the prices work, what makes their prices change and how dealers use these instruments in structuring trades.

Valuation methodologies & limit structures: Find out how different trades are valued and the importance of having appropriate limits in place.

• How we value transactions
• Mark-to-market and mark-to-model
• The importance of independent valuation
• The purpose of limits
• Risk appetite, quantitative and qualitative measures
• How limits are designed
• Working with limits

Operational risks: Operational risk is not new. It has existed since banks started trading. Ignoring operational risks can lead to serious problems.

• You will find out how and why banks have experienced major losses through operational risk and the lessons that can be learnt from these mistakes.

End of workshop and review 

Some of the comments from those who have already attended:

"A very good grounding. I enjoyed it immensely".

Mr. IH, Finance Manager

"I've just started freshly at the department I found the course good and very useful for me. It gave me a great birdseye overview".

 Mr. CC, Finance Graduate

"The course was interesting and well balanced; I felt much more informed about the treasury function by the end of the course".

Ms. NJ, Group Risk Manager

"Thanks for the very informative course.  I found it to be the right balance of underlying details, as well as the bigger picture".

 Mr. GC, IT Interface Manager

"Thanks again for a very interesting and accessible Treasury course".

Mr. RP, Tax Accountant

"Thanks again for your course. It surely met my expectations. It broadened my knowledge and will help me in my day to day work".

Mr. TB, Operations Manager

Course Director

William Webster has 27 years of practical financial markets experience. He has worked for Barclays, First Chicago, BNP and ANZ. From 1994 to 1999 he was Head of Treasury at Nacional Financiera, London branch. He has first hand experience of trading foreign exchange, money market, fixed income and derivative products in both mainstream and emerging markets.

William established Barbican Consulting Limited in 1991 in response to the need for practical financial training.  He now runs this business on a full time basis undertaking training & consultancy for an established client base of financial institutions in Europe. He holds a degree in Banking and Finance, together with an MBA from City University, is an Associate of the Chartered Institute of Bankers and a member of The Institute of Directors.

In the words of one client "William knows his stuff".