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Treasury and Financial Management Training

Treasury Risk training is a logical extension to the provision of treasury risk advisory services. Part of the output of any project undertaken by Treasury Solutions is the transfer of knowledge from it to clients. The provision of focused training courses maintains and enhances those skill sets thereby empowering finance staff of many clients.

 

Main Provider

John Finn has been the main provider of treasury risk training to a number of professional bodies over the past decade. He has developed and delivered basic and advanced training courses to the members of Chartered Accountants Ireland for that period but has also worked with other bodies and institutions including The Institute of Certified Accountants, CPA Ireland, Institute of Bankers and University College Cork.

 

In-house courses

Customised in-house courses have been developed and delivered to a range of clients from US multinationals to representative organisations. The benefits of this approach include course delivery tailored to the specific sector, cost economies of scale by spreading the cost of the course across a number of employees (which can be significant where employees normally require overnight stays to travel to courses) whilst meeting CPD requirements of the participants.

Since 2015, Treasury Solutions has also organised and run its own courses on specific topics from Treasury Best Practice to Brexit and Foreign Exchange in locations both within and outside Dublin.

Case Study

The Story

Company C is a local authority which had a large number of bank accounts spread over a number of banks. It ran simultaneous debt and surplus cash positions for various reasons and as a result had a requirement to invest surplus funds on a regular basis. It operated a cash pool in Ireland with one of the banks. Payments were made both electronically and via paper and lodgments were a mixture of cash, cheques and electronic funds transfers.

The objective of the project was to improve the cash management processes, to reduce associated costs where possible and to deal with the issue of investment returns versus counterparty credit risk as it was vital that surplus cash was invested with financially sound banks and financial institutions.

Work Done

  • Reviewed a list of all bank accounts by bank including branch locations of the accounts
  • Identified accounts which could be closed and/or kept outside a cash pool
  • Established a cashpool arrangement for the second bank
  • Establishment a means of integrating the cashpool data from the two different banks in order to maximize liquidity
  • Established a policy for the investment of surplus cash with appropriate financial institutions. This was based around counterparty credit ratings and other variables which in turn were based on our access to the “Ratings Direct” service provided by Standard & Poor, to which we subscribe.
  • We also reviewed bank overdraft documentation to ensure that it was appropriate for the institutions involved.

Project Output

The result was a reduction in the number of bank accounts, better management of the net cash position, lower costs associated with this position, access to a maximum amount of liquidity on a daily basis and investment of surplus cash with only those financial institutions that met strict counterparty credit criteria. We also organised cash and balance reporting on a daily basis in order to address liquidity risk.

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