NCFM TREASURY MANAGEMENT

Treasury Management Fundamentals 

• Background
• Return Metrics
• Risk Metrics
• Standard Deviation
• Beta
• Weighted Average Maturity
• Modified Duration
• Product / Exposure Structures
• Background
• Cash Market
• Futures
• Forwards
• Options

 SWAPs 

• Interest Rate Swap
• Currency Swap
• Credit Default Swap (CDS)
• Swaption

Invest Classification Scheme for Investment Products 

• Off-Balance Sheet Exposures
• Capital Structure & Weighted Average Cost of Capital
• Background
• Capital Structure
• Earnings, Interest and Debt Servicing
• Sources of equity funds
• Cost of equity
• Sources of debt funds
• Cost of debt
• Weighted Average Cost of Capital
• Cost of Capital for Trading Portfolios
• Leasing and hire purchase
• Treasury Management in Manufacturing and Services Companies
• Background

 Contribution Analysis 

• Operating Leverage & Financial Leverage
• Balance Sheet
• Liquidity Management
• Foreign Exchange Exposures (Operations)
• Foreign Exchange Exposures (Loans taken or investments made)
• Commodity Exposures
• Credit Exposures
• Treasury Management in Banking & Finance Companies
• Background

 Capital Adequacy 

• Balance Sheet
• Yield Curve and Spreads
• Credit Risk
• Interest Risk
• Re-financing Risk
• Asset-Liability Management
• Securitisation
• Foreign currency risk
• Equity Exposure
• Accounting Issues in Treasury Management
• Background

 Long-term Supply Arrangements 

• Foreign Currency borrowing for a fixed asset
• Hedge and Hedged Instrument
• Investment types
• Treasury Management Processes and Risk Management in Treasury
• Background
• Domestic Remittances
• International Remittances
• Liquidity Management
• Risk Management in Treasury