Transactions and Cash Management
This section introduces the importance of managing transactions and accountsensuring funds and documents flows while minimizing cost and inefficiencies. We also introduce the concept of the Financial Supply Chain and its management.
- The management of money: The Banking system
- An overview of the world of Banking is provided
- A brief history of how the banking systems
- Account Management and Structure
- Account Operation and approaches
- Foreign currency accounts
- Rationalizing Account structures
- Considerations
- Movement of money: Clearing and Settlement systems
- Various Clearing and Settlement systems across the world
- Includes new advancements and developments in Europe (SEPA) and China (various) that will change the way money moves
- Cross-border payments and collections
- Discussions around SWIFT and payments
- Various risks and issues
- Corporate SWIFT – an emerging practice
- Float and introduction to Liquidity
- The importance of Liquidity
- Float
- Ways to reduce Float
- Liquidity Management
- Introduction to Pooling and Netting
- Cash pooling and Efficiency
- Cash Concentration Structures
- Different Pooling Structures
- Multi-Currency Notional Pooling
- Concentration
- Tax and documentation aspects
- Forecasting
- Improving Cash Flow
- Basics of Forecasting
- Cash Forecasting
- How to make Forecasting more efficient
- Integrated Cash Flow Planning
- Netting
- Concepts
- Netting Cycle
- Issues
- Best Practices
- Netting Solutions
- Tax and documentation aspects
- The Financial Supply Chain
- Key aspects of the Financial Supply Chain
- Impact of finance and funding for each leg
- Typical drivers of each area within the firm
- Conflicts
- Domestic and International Trade
- Various modes of Trade – Open Account, Collections, etc
- Letters of Credit
- Channel (Supplier and Customer) Financing
- Guarantees
- Trends in International Trade
- Hurdles in smooth trade operations
- Technology in Trade
