Treasury - introduction

An overview of the main areas of treasury management

All those who are new to traded markets and treasury products and looking to gain a clear introduction to them. It is also suitable for new dealers, operations staff, audit staff and systems people.

• A solid grounding in the concepts and products used in treasury management within banks, companies and financial institutions.
• An explanation of the relevant terminology and jargon.
• An examination of the liquidity and risk characteristics of the different instruments.
• An insight into current market dynamics and the role of the market participants involved.
• An understanding of how instruments are inter-related and the opportunities this presents for arbitrage.

Introduction

• basic financial maths
• day count conventions
•  the time value of money

The money market

• definitions of the money market and the role of participants
• the inter-bank deposit market
• domestic and offshore
• establishing the cost of liquidity - LIBOR; money market instruments: time deposits, certificates of deposit (CDs), treasury bills, bills of exchange, commercial paper (CP)
• the repo market - different types and the motivations of the players
• The role of the central bank and Bank of England open market  operations

Spot foreign exchange

• an overview of the market and its uses
• quotation of spot rates, key jargon explained
• calculating cross rates

Forward foreign exchange

• forward foreign exchange defined
• calculating forward foreign exchange rates
• derivation of forward points
• covered interest arbitrage

Forward rates

• forward rates agreements (FRAs) defined
• calculating forward rates
• settlement
• uses in hedging

Financial futures

• futures defined
• how do they work?
• Centralised counterparties and margining
• currency futures
• short-term interest rate futures (STIRs) compared to FRAs

Interest rate swaps

• swaps defined
• uses
• pricing
• their variations,including SONIAs

Options

• currency and interest rate options
•  uses in managing risk and basic strategies.

General information

CIMA members and students should log in to their MY CIMA account in order to receive the appropriate discounts.

The course starts at 9.00am on both days.  Lunch and refreshments are included, but not accommodation.

12 CPD hours (where applicable)

CIMA Mastercourses held in partnership with BPP 

Find out more
If you have any queries please email or phone us on +44 (0)845 026 4722.

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