International Cash Management Strategy

Attend all three days of our international suite of cash management seminars with Michele Allman-ward and save!

Day 1: Managing Risk and International Payments Systems

Description: This seminar will start with the essentials of international cash management, but move quickly into and exploration of why international cash management is more complex, the risks associated with these strategies, and cross-border payments issues.

Learning objectives:

• Develop an appreciation for the complexities of International Cash Management
• Review how cash is managed in different regions
• Identify the major areas of additional risk in doing international business
• Understand the process for making international payments more efficiently
• Learn about the developments in payments in Europe

Prerequisites:

• An interest in learning more about the challenges of doing business internationally.

Takeaways:

• Suggested solutions to the Class Exercises
• Case Study suggested solutions
• Useful sources for more information on International Cash Management

Tentative Course Agenda:

8:30am

INTRODUCTION TO THE COURSE

• Course objectives
• Introduction of course participants
• Review of agenda

THE ESSENTIALS OF INTERNATIONALCASH MANAGEMENT

8:45am

Why international cash management is important

• Globalization of business
• Multinational corporations
• Middle market companies
• The role of the international cash manager
• Objectives of international cash management

9:30am

Why international cash management is more complex

• Factors impacting cash management
• Foreign country environment
• Foreign banking environment
• Regional overview

10:30am

BREAK

10:45am

MANAGING RISK

• Issues associated with risk
• Foreign exchange exposure
• Interest rate risk
• Country risk
• Commodity risk
• Commercial risk
• Tools for managing risk
• Risk management strategy

Group Exercise

12:00pm

LUNCH

1:00pm

INTERNATIONAL PAYMENT SYSTEMS

• Settlement versus clearing
• Real time gross settlement systems
• Net settlement systems
• Hybrid systems
• Offshore settlement/clearing systems
• Payment methods
• The role of correspondent banks
• The role of SWIFT
• How money moves across border
  • Paper
  • Electronic
• High value

Group Exercise

2:30pm

BREAK

2:45pm

EUROPEAN PAYMENT SYSTEMS

• TARGET
• High-value payments
• Low-value payments
• BIC and IBAN

NEW DEVELOPMENTS

• Europe
  • SEPA
  • TARGET2
  • New Payment Schemes
• SWIFT
  • MA-CUGS
  • SCORE
  • MT101

3:45pm

CASE STUDY - Global But Clueless

4:15pm

CASE STUDY - DEBRIEF

4:30pm

CLOSE

Gain Continuing Education Credits

	CTP/CCM Recertification Credits International Cash Management Strategy is approved for up to 7 CTP/CCM recertification credits. Credit is earned at the rate of one credit per 50 minutes of treasury/cash management or finance-related session time, including questions and answers.
	CPE Credit The Association for Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Eligible for up to 7.5 CPE Credits Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org

For more information regarding administrative policies, including submitting a complaint, please contact  AFP at 301.907.2862 or by email at AFP@AFPonline.org.