College TourInternational Cash

Management2019

VU Postgraduate ProgramTreasury Management &Corporate Finance

As a DACT member, do you wish to further develop professionally in 2019? If so, you can start now. As part of its post-graduate Treasury Management & Corporate Finance programme, the Vrije Universiteit (RT programme) includes International Cash Management on an annual basis. At the request of the DACT Board, the VU is offering DACT members the opportunity to study this subject as a free-standing module at the end of 2019. An excellent chance for DACT members wishing to undertake post-graduate study but who are not (yet) able to follow the full programme. Full is full, so register as soon as possible.

The treasurer’s professional environment is changing rapidly. Alongside the classic management of capital flows, treasurers are confronted with ever-increasing legislation. In addition, fintechs and cryptocurrency offer solutions which compete with traditional banking services. The International Cash Management module of the RT programme covers these topics extensively, clustered in several units. The Cash Management Fundamentals unit includes working capital management, liquidity forecasting and liquidity management. In addition, the structure of international banking is covered in detail. The role of correspondent banking, the principles of international payments and the main payment systems are examined in depth. In this context, the module also deals with the information technology which businesses require to create the interface with banking payment systems. Naturally, this covers the latest technological developments, including blockchain. The module also expands on netting and cash pooling techniques, the relationship with financial institutions and the organisation of an international treasury department. An overview of the legal and fiscal aspects is also included. Case studies are used to supplement the extensive practical knowledge provided.

Content

International Cash Management Course Vrije Universiteit

Course content • Management Account Structures: pooling Techniques, cash pooling, netting, tax and accounting impact

• Working Capital Management: cash conversion cycle, working capital management, short term finance

• Trade & Commodity Finance: identifying trade risks, trade instruments, trade finance solutions

• Payment Services: payment instruments, collection instruments, clearing, bank connectivity

• Relevant regulatory environment: Basel III, PSD2, bank relationship management

• Cash flow forecasting methods

• Treasury Management Systems: overview, treasury functions and evolution, selection of a treasury management system, implementation

• Fintech: Payment innovations, Blockchain, Crypto currency

Course featuresPrimarily, the course gives an overview of this treasury discipline, focussed on everyday practice and the latest developments in this area. Sessions are interactive and delivered by lecturers active in this field. There is an opportunity to put knowledge sharing into practice with the help of a game and case studies.

Exam/exemptionThere will be an end-of-module examination. Participants passing the examination will receive a certificate. This certificate counts towards an exemption when enrolling for the post-doctorate Treasury Management & Corporate Finance programme; course language - English.

Coordination and lecturersProfessor Wilko Bolt (DNB) and Professor Herbert Rijken (VU) will be the key lecturers for this module. Other lec-turers will include Rolf Michon and Nanno van der Werff. Sybrand de Groes is responsible for the coordination of this module. Maximum number of participants: 25

PO Box 279 | 1400 AG Bussum | T: +31 (0)35 695 41 01

Admission requirementsThe course is at Bachelor level. It is assumed that you have work experience in the field of cash management.

Tuition fees & registrationThe tuition fees are € 3,950. If there are enough places, non-DACT members may also participate. The tuition fees for non-members are € 4,750. Send an email to pgo.treasury.management.sbe@vu.nl if you wish to register.

LocationVU Universiteit, Hoofdgebouw, Agora Zalen Complex, De Boelelaan 1105, Amsterdam.

Course scheduleThe course includes 8 double lectures (2 x 2 hours) each week on Thursdays, starting Thursday 31 October 2019, ending on Thursday 19 December 2019 (note: the lecture planned on Thursday November 14, 2019 will be organized in De Leeuwenhorst in Noordwijkerhout where the DACT Treasury Fair will be held). Lectures are from 15:30 - 17:30 hours and 18:15 - 20:15 hours, including a meal. The examination date will be in the beginning of January 2020 and is yet to be confirmed.