Treasury for the Finance Professional Workshop 2012

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 Location  Event date  
 Sydney  28-29 February 2012  Register

Overview

Gain the building blocks for adding value in your organisation through the specialised area of treasury. Discover how treasury operations can contribute to corporate strategy, financial policy and your risk management framework.

Putting treasury theory into practice, this comprehensive workshop introduces the treasury function, foreign exchange products, interest rate derivatives and futures. It also addresses the processes and controls that exist in treasury and provides an overview of the functions of treasury and the major financial products used to trade and hedge.

Session Timetable

  • Date & Time: Tuesday, 28 February 2012 - Wednesday, 29 February 2012 9:00 am - 5:00 pm
  • Venue: The Institute of Chartered Accountants in Australia
    Level 1, 33 Erskine Street
    Sydney NSW 2000

Tuesday, 28 February 2012

Time Session CPE HRS
8:30 - 9:00 am Registration
9:00 - 10:30 pm Introduction to treasury 1.5
10:30 - 10:45 am Morning tea
10:45 - 12:30 pm Introduction to treasury - continued 1.75
12:30 - 1:30 pm Lunch
1:30 - 3:30 pm Foreign exchange products 2
3:30 - 3:45 pm Afternoon tea
3:45 - 5:00 pm Foreign exchange products - continued 1.25
5:00 - 5:00 pm Close

Wednesday, 29 February 2012

Time Session CPE HRS
8:30 - 9:00 am Registration
9:00 - 10:30 am Interest rate derivatives and futures 1.5
10:30 - 10:45 am Morning tea
10:45 - 12:30 pm Interest rate derivatives and futures - continued 1.75
12:30 - 1:30 pm Lunch
1:30 - 3:30 pm Processes and controls in treasury 2
3:30 - 3:45 pm Afternoon tea
3:45 - 5:00 pm Processes and controls in treasury - continued 1.25
5:00 - 5:00 pm Close

Learning Outcomes

Learning outcome:

This workshop is conducted in an interactive style which puts the theory into practice with modular exercises and group activities. Participants will:

  • Describe the treasury function
  • Define the role of treasury with the front, middle and back office
  • Understand how the treasury function manages organisational risk
  • Determine trading or hedging products in a treasury function
  • Examine complex products in the treasury function
  • Review the controls necessary in the treasury function. 

 

Who should attend:

Finance professionals whose roles require an understanding of the treasury function. This includes those in financial services, banking in the fund area and those in the back office control area.

Inclusions

Comprehensive set of course notes and accompanying PowerPoint Slides.

Package & Pricing

Member

  • Standard $1,232.00
  • Regional $986.00

Non-member

  • Standard $1,478.00

Conditions:

All prices are in AUD and include GST. ^Members working in regional areas (125km from location) or interstate. Discount offers cannot be combined. The workshop includes morning tea, lunch and afternoon tea.

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Session Description

Tuesday, 28 February 2012

Introduction to treasury

The morning session of day one provides an overview of the treasury function and outlines:

  • What is a treasury?
  • The aims of a treasury
  • Overview of the role of the board, risk management committees and treasury policy
  • Role of the front, back and middle offices
  • Understanding the markets
    • Foreign exchange
    • Money markets
    • Derivatives
    • Commodities
    • Funding markets
  • Major risks in treasury including: interest rate risk, foreign exchange risk, credit risk, liquidity/ funding risk and operational risk
  • Understanding treasury products and an overview of how they are used to manage/create risks
  • Basic concepts within AASB 7, 9 and 139 Recognition and measurement, Initial recognition and Initial measurement
  • Cashflow Issues
  • Treasury systems issues.
Foreign exchange products

This session focuses on the basic foreign exchange building blocks to ensure their use is understood as either a trading or hedging product in an everyday commercial setting, including:

  • Introduction to the Australian FX market
  • Floating versus fixed exchange rates
  • Major participants in the market
  • Hedging versus trading
  • Trading practices including how to communicate with the dealer
  • What is the spot market?
  • How to read a price
  • Quoting conventions
  • Market influences
  • RBA participation
  • Terminology
  • Cross rates
  • Forward market
  • Value dates
  • Calculations
  • Bid offer spreads
  • Forward outrights
  • Non deliverable forwards
  • FX swaps and when to use them
  • Cross currency swaps –what are they and when to use one
  • Currency options – the difference between buying and selling
  • Currency futures? Do they exist?
  • Credit/Market risk of FX positions.

Wednesday, 29 February 2012

Interest rate derivatives and futures

This session focuses on plain products that are the building blocks of the more complex products, including:

  • Major participants in the market
  • Size of the market
  • What are derivatives – definitions and requirements under Accounting Standard AASB139
  • Interest rates and yield curves
  • Short term products
  • Repos and reverse repos
  • Discount securities – treasury notes, BB and PNs
  • Simple interest
  • Exchange traded securities
  • Bill futures
  • Forward rate agreements
  • Long term products –Bonds
  • Interest Rate Swaps
  • Bonds Futures
  • Caps, floors and collars
  • Benefits of options versus swaps
  • SPI futures – very briefly.
Processes and controls in treasury

The afternoon session provides a brief introduction to some of the key controls necessary in a treasury function including:

  • Importance of internal controls
  • Aims and benefits of treasury controls
  • The weaknesses that exist in treasury controls
  • Controls within Treasury
  • Front, back and middle office processes with treasury
  • The establishment of authorisation
  • The use of limits
  • Establishment of segregation of duties
  • Reconciliations as a method of control
  • Accounting and valuation
  • Limitations of internal controls
  • Limitations of internal controls
  • Hard and Soft controls
  • How to interfere with the treasury function.

Presenters

  • Susan Campbell

    Susan Campbell FFin, BCom (Melb), GradDip (SIA), MBA (RMIT)

    Director of Heritage Bank

    Susan is a non-executive Director for Heritage Bank and the Managing Director of ARGYLL; a treasury consulting firm. She is an expert in treasury, internal controls and risk management. Susan has an international reputation for training and presenting in her areas of expertise and she currently conducts presentations in the risk management area for the Institute of Chartered Accountants, Australia; AFMA and Euromoney internationally. Her past includes working as the corporate treasurer for a large domestic retail company, an international mining company and a policy and research advisor. Susan is also a commentator on risk and treasury and author in this area. She is a very engaging presenter with a myriad of experience across a broad range of industries.

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Last Updated 22 November 2011