Treasury Products and Risk Management
by Alan McDougallLanguages: English
Price (from): €3,300 / day
About the trainer:
Alan helps banks and their clients to manage risk. He has designed and delivered over 1600 highly interactive training days in more than 40 countries for the International Faculty of Finance, Goldman Sachs, Morgan Stanley, JP Morgan, HSBC, Deutsche Bank, Rabobank, BNP Paribas, Societe Generale, UBS, Credit Suisse, Barclays, The Bank of England, The Financial Times, The London Stock Exchange, The United Nations and many others. He advised banks and multinational corporations on the design and execution of their hedging, asset-liability and risk management strategies at HSBC’s International Treasury Management Group, where he also ran a currency swaps book. He traded a proprietary fixed-income book at Scotia Capital Markets and ran training courses for the traders and the salespeople. The International Foreign Exchange Dealers Association (ACI) commissioned him to write ‘Mastering Swaps Markets’, published by the Financial Times and the University of Shanghai. He has an MSc in International Banking and Finance, plays the clarinet in one of London’s orchestras, and is a keen golfer, with a handicap of 6. Alan is an advisor to the fintech, edtech, social media company INVSTR.
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Treasury Products and Risk Management by Alan McDougall
About the training
The course includes a large array of treasury management exercises and case studies based on well-known multinationals in five sectors: technology; pulp and paper; airlines, consumer goods and finance. Participants will therefore learn the dynamic practice of treasury management as well as the generally held ideas and beliefs which support this practice.
Program
Treasury Risk Management
CASE STUDY: Treasury risk management at Lufthansa
EXERCISE: Defining and categorising different types of treasury risk
EXERCISE: Testing for long and short positions
EXERCISE: Exposure management
Who Uses Treasury Products?
CASE STUDY: Treasury risk management at Apple
CURRENCY RISK MANAGEMENT MEETING
Treasury Solutions – Currency Risk
Corporate Treasury Risk Management
COMMODITY HEDGING AND TRADING SIMULATION
DISCUSSION SESSION: Hedging
TREASURY RISK MANAGEMENT MEETING: STORAENSO
How Hedging Works
EXERCISE: Hedging
Strategies for Using Treasury Products
Measuring Treasury Performance
CASE STUDY: Measuring performance at JPMorgan
Evaluating the Benefits of Treasury Management
Evaluating the Benefits of Treasury Management
CASE STUDY: Forecasting and treasury risk management
INTEREST RATE HEDGING AND TRADING SIMULATION
EXERCISE: Relating market news to currency risk management
EXERCISE: How markets move
DISCUSSION SESSION: What we know (and what we don’t) about markets
Money Markets and Interest Rate Risk
Understanding Money Market/Swap Market Yield Curves
CASE STUDY: The lessons of the credit crisis of 2007-2009
Treasury Solutions – Interest Rate Risk
EXERCISE: Measuring fixed and floating rate risk; 5 year fixed rate bond vs 5 year FRN
EXERCISE: Participants will determine the interest rate exposures of multinational corporations and banks
Hedging Tools
Case study: FRAs, futures and interest rate swaps
Multi-Currency Debt Management
EXERCISE: Participants will use currency derivatives to manage corporate exposure management positions
INTEREST RATE SWAP HEDGING AND TRADING SIMULATION
TREASURY RISK MANAGEMENT MEETING: APPLE/UBS
Interest Rate Risk Management
EXERCISE: Participants will examine the interest rate risk management strategy of Procter & Gamble
CASE STUDY: StoraEnso’s interest rate risk management strategies
Corporate Asset & Liability Management
Case study, McKinsey: an introduction to asset and liability management
EXERCISE: Participants will suggest the different ways that interest rate derivatives can be used to cover interest rate risk by corporate treasurers
CURRENCY HEDGING AND TRADING SIMULATION
TREASURY RISK MANAGEMENT MEETING: Lufthansa/SANTANDER
Medium and Long-Term Financing Strategies Capital Markets – Equity
CASE STUDY: VA Linux
Capital Markets – Debt
CASE STUDY: Vodafone/Goldman Sachs
Liquidity Risk Management
Asset and Liability Management
Debt Management
Translating the Training into Action
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