Track: Canadian Content

U.S. and Canadian Banking - How Different Are They?

Tuesday, October 21, 2008
8:30 a.m. - 9:30 a.m.
Room: 511 ABC

There are fundamental differences between the Canadian and American banking systems. Understanding the cross-border environment can prove to be very challenging. Learn about the key differences in clearing, payment and reporting systems including the impact of TECP/Check 21, and how to ensure you employ the appropriate treasury management tools on both sides.

Speakers:

• Jacquelyn Yardy, CGA
  Manager, Treasury
  TransCanada Pipelines Ltd.

• Michael W. Ripley, CCM
  Vice President, Sales, Cash Management Services
  BMO Capital Markets

Objectives

• Understand how the key differences between Canadian and US banking systems have shaped differences in approaches to cash management
• Recognize the impacts of future changes to cross-border banking services
• Understand strengths of each system to enhance the effectiveness of your cross-border treasury operations
• Understand best practices and identify opportunities to optimize cross-border operations

Pre-Requisites

• General understanding of Canadian or U.S. payment and clearing systems

Take-Aways

• Comparison chart of significant differences in cash management services and legislation
• Checklist of services available for establishing new banking relationships on either side of the border

CPA Field of Study: MAS