Session 1:

Understanding Cash Management

• Handling of payments and receipts

• Moving money between accounts

• What is ‘Float’ and how do I reduce it?

• Value-Dating

• Forecasting

• CollectionDisbursementManagement

Session 2:

Cash Management Policies 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?

Session 3:

Forecasting – Why bother?

• Timely, accurate, reliable in order to;

• Maximise earnings

• Minimise funding

• Have advance warning of problems

• Range of forecast;

• Short (Operational)

• Medium (Tactical)

• Long (Strategic)

Session 4:

Cash Management Essentials

• The role and the use of LIBOR, Base and Overnight

• Interest calculations: Day counts and Accruals

• Principles of Value Dating: ‘Good value’, back interest/back valuing

• How payment is made: RTGS, BACS, CHAPS, CHIPS and SWIFT

Session 5:

Cash Concentration Techniques

• Sweeping, Pooling and Netting

• Target and zero balancing

Session 6:

Investing in the London Market

• Market participants and their motivations;

• Banks, Brokers, Building Societies, Corporates and Institutions

Session 7:

The Investment Spectrum

• Treasury Bills

• Certificates of Deposits (CDS)

• Term Deposits

• Commercial Paper (CP)

• Money Market Funds (MMF)

• Applications and Examples

Session 8:

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

Course Close