International Cash Management Strategy

In today's business environment, it's difficult to compete without taking advantage of the growth opportunities presented by doing business with customers and suppliers in other countries.

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, cross-border payments issues, and culminate with in-depth case studies of China, the Euro-zone and Africa.

• Register Online for both the Risk Forum and ICMS Seminar
• Add the ICMS seminar to your current Risk Forum registration (cannot register online; please use the PDF form and fax to Customer Service)

Attendees will learn to:

• Understand the essentials of international cash management
• Appreciate the complexities of foreign country environments, banking systems, legal and cultural issues
• Develop strategies to mitigate foreign exchange, interest rate and commercial risk
• Navigate the various types of cross-border payments methods and systems
• Explore the specific treasury challenges of China, the Euro-zone and Africa through case study examples

Prerequisite:

Some finance or treasury related experience in an internationally active organization is recommended but not required.

Sample Agenda:

8:30 - Introduction to the Course

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

8:45 - Why international cash management is important

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

9:30 - Why international cash management is more complex

• Foreign country environment
• Cultural issues
• Business practices
• Factors impacting cash management
• Banking system characteristics
• Central banks
• Value dating
• Payment methods
• Country specific factors
• Tax and legal issues
• Regional overview

10:30 - Break

10:45 - Managing Risk

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

Group Exercise

12:00 - Lunch

1:00 - Making Cross-Border Payments

• The role of correspondent banking
• How money moves across border
• Paper
• Electronically
• The role of SWIFT
• BICS and IBANS
• MA-CUGS and SCORE
• Real time gross settlement systems
• Net settlement systems
• Hybrid systems
• SEPA and European payment systems
• Offshore settlement/clearing systems

2:45 - Break

3:00 Case Studies: A Tale of Three Treasurers

• Treasury with boundaries - China
• Treasury with no boundaries - Euro-zone
• Boundary, what's a boundary - Africa

Gain Continuing Education Credits

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