1. Revision

2. International Cash Management -Payables and receivables management -Money movement: Float, finality, value, availability, NSS, RTGS -Bank account structures: When and where to open currency accounts, lockbox, intervention accounts

3. Revision FX Risk Management Types of exposure -What they are: Translation, economic, transaction -Reading FX rates, what are points? -What ways to handle exposure? -Ways to cover: Forward, BSI, Lead -Pros and cons of different instruments -Other issues

4. Revision FX Risk Management Swaps -How they work -When would we use them? Options - Reading the rates, decisions on strategy: Strike price, expiry date, number of contracts

5. Revision Interest Rate Risk Management What is it? Instruments - Forward Forward Money, Futures, FRA’s, Swaps and Option types, caps/collars -Pros and cons of each

6. Revision Short Term Investment The investment decision - What factors should be considered before making short term investments? - Be aware of the instruments involved, the broad issues/features and where they fit - Be aware of the different conventions used For the exam, if Qs come up, then you will be expected to know:

7. Revision Investment cont How to work out effective rates on discounts How to work out the proceeds from selling a CD Coupon or simple interest calculations Yield to redemption i.e. effect of multiple interest payments in a period on the real rate How to adjust for Accruals basis

8. Revision Liquidity Management Start with Forecasting -Purpose and problems -Methods: distribution, Receipts /disbursements, Pro Forma, moving averages Pooling, Cash Concentration and interest enhancement Netting

9. Revision Centralisation -Pros and Cons -Methods: Payment factory, collection factory, re- invoicing, in-house factoring, in-house bank, shared service centre. -Qs could be how do they work? What are the benefits and problems? Treasury function Policy, performance, risk

10. Revision Best of Luck For the Future and SEASONAL BEST WISHES 10