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12 September 2017

Treasury - introduction

Category: MASTER COURSE

A solid grounding in the concepts and products used in treasury management within banks, companies and financial institutions, and an explanation of relevant terminology and jargon.

Who should attend?
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.

What you will gain

  • 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.

Programme outline
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.

The course starts at 9.00am on both days.  Lunch and refreshments are included, but not accommodation.
12 CPD hours (where applicable). 

Booking Information

Date Location Price
12 September 2017 - 09:00 London - 2 day course Price: GBP 1,230.00
Member price: £1,107. CDS member price: £980. Plus VAT on all prices. Accommodation not included.
6 November 2017 - 09:00 London - 2 day course Price: GBP 1,230.00
Member price: £1,107. CDS member price: £980. Plus VAT on all prices. Accommodation not included.

Treasury - introduction

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount. Save up to 30% with the CIMA Corporate Discount Scheme (CDS). Find out more at: www.cimamastercourses.com/CDS

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Find out more 
If you have any queries please email or phone us on: +44 (0)3332 221608. Visit our booking page for information on how to book and pay.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA Mastercourses are held in partnership with BPP.  

CIMA on demand is our range of online CPD courses specifically designed for busy finance and business professionals who need training that's convenient and will fit around their schedule. Find out more