09:00 – 09:30 GMT / 10:00 – 10:30 CET:
Registration and introductions

09:30 – 11:30 GMT / 10:30 – 12:30 CET:
Today’s opening session will introduce the spectrum of treasury operations including the role of corporate treasury and the best market practices in efficiently organizing a treasury department.

• The evolving role of the corporate treasury department
• Organizational business models for treasury
• Governance and policy
• Treasury objectives
• Centralization models

13:30 – 15:30 GMT / 14:30 – 16:30 CET:

• Internal controls between back office, middle office and front office
• Cooperation and integration with other corporate departments
• Defining treasury KPIs and balanced scorecards
• Implementing treasury reporting

09:30 – 11:30 GMT / 10:30 – 12:30 CET:
On the 2nd day, the morning session will examine all aspects of daily treasury and cash management operations. What tools are at Treasury’s disposal for managing their department more efficiently.

• Introduction
• Daily cash management processes in the treasury department
• The role of cash management banks
• Clearing and payments systems – domestic and international

13:30 – 15:30 GMT / 14:30 – 16:30 CET:
The session in the afternoon will cover Liquidity management structures and techniques, cash flow forecasting and look at how changing regulation is impacting the future of payments

• Liquidity management structures
• Netting and pooling
• Virtual accounts
• Cash flow forecasting – techniques and limitations
• The future of payments

09:30 – 11:30 GMT / 10:30 – 12:30 CET:
The morning session on the third day focuses on the possibilities of optimizing processes within the treasury department

• How to define and document treasury processes
• An overview of the treasury technology landscape
• An introduction to treasury management systems
• Bank connectivity

13:30 – 15:30 GMT / 14:30 – 16:30 CET:
The afternoon session on the third day takes a deep-dive into the different treasury systems.

• Dealing and confirmations
• Cash flow forecasting
• Payment factories and in-house banking
• Emerging technology in treasury

9.30 – 11.30 GMT / 10:30 – 12:30 CET:
This first section gives a general introduction to fundamentals of risk management and on building a coherent framework to manage financial risks and then focusses practical application examining foreign exchange risk management.

• Introduction and overview of the risk framework
• Classification, identification and quantification
• FX risk management objectives
• FX risk management policy

13:30 – 15:30 GMT / 14:30 – 16:30 CET:
The second part of the risk management program will focus on FX instruments and transactions, interest rate risk management, and credit risk management.

• Spot and forward transactions
• FX swaps & cross currency swaps
• Options (plain vanilla options, caps & floors)
• (Non-deliverable) forwards

Interest risk management

• Measurement of interest rate risk
• Yield curves

Credit risk management

• Measurement of counterparty credit risk
• Impact of credit spread and liquidity premiums
• Credit ratings
• Probability of default and loss given default calculations

09.30 – 11.30 GMT / 10:30 – 12:30 CET:
The morning session on the last day starts with a look at concepts behind corporate financing and the risk to shareholder value and then looks at the execution of your corporate finance strategy. What means of financing are available and what are the trends in the marketplace?

• Defining a corporate finance policy
• Understanding shareholder value metrics
• Optimizing the capital structure
• Determination and application of WACC

13:30 – 15:30 GMT / 14:30 – 16:30 CET:
The afternoon session on the last day looks at what means of financing are available and what are the trends in the marketplace?

• Trends in corporate financing
• Bank financing (bilateral and syndicated loans)
• Public debt market (EMTN and Eurobonds)
• Private placements
• Alternative financing solutions
• Loan documentation

Adela Kozelova has joined Zanders in 2016. Adela has proven experience in financial risk management, treasury technology and treasury transformation projects. She graduated from Nyenrode Business University in Netherlands with the MSc in Financial Management. Adela has also passed all three levels of CFA exams and both levels of FRM exams.

Alina is a Senior Manager at Zanders and joined the company in 2016. Alina has 12+ years’ experience in Treasury and has proven experience in cash management, treasury technology and treasury transformation projects.

Bart is a Director in the Corporates Advisory team of Zanders located in The Netherlands. Bart has over 15 years of treasury advisory experience, with a focus on process optimization and treasury and payments technology. Prior to Zanders, Bart worked over 15 years in Corporate Treasury of multinational organizations. ranging from front office to treasury control roles. Next to his advisory role within Zanders, Bart is responsible for channel management of a variety of large treasury technology vendors. Bart holds an MSc in Business Administration from the Erasmus University Rotterdam, where he specialized in treasury management.

Constantine joined Zanders as a Senior Manager in January 2017. Constantine has a broad focus on treasury projects from strategy, risk and organization projects, to system upgrade and implementation work. Prior to joining Zanders, Constantine spent approximately four years within the Corporate Treasury department of Seadrill, an offshore drilling company. He holds an MSc in Finance from Cass Business School in London where he specialized in Corporate Finance. Constantine is also a guest lecturer at UK universities.

David Moya is a Senior Manager at Zanders in London and joined the company in 2018. Having worked previously for ION-Reval, Deloitte Spain and Iberia Airlines, David has a broad experience of 15+ years in Treasury, specializing in financial risk management, hedge accounting, cash management and TMS selections & implementations.

Fernando is a Director at Zanders with over 20 years’ experience in financial services. At Zanders, Fernando has a focus on treasury projects from IHB set ups to bank selection for international cash management services. Prior to joining Zanders, Fernando worked for 17 years at Citibank London Treasury and Trade Solutions in a variety of roles, from product, business management, to product sales specialist advising multinational corporate on their cash management and operational banking requirements.

Pieter Sermeus joined Zanders in 2013. Pieter has in-depth experience in cash management, cash flow forecasting, treasury transformation projects and financial risk management. He holds a MSc in Business Administration from the University of Antwerp and a Master of Finance from Antwerp Management School. Pieter also completed CFA level 1 and FRM.

Sander de Vries joined Zanders in 2012. Sander has relevant hands-on experience in cash management, corporate finance, cash flow forecasting, treasury transformation projects and financial risk management. He graduated with honors for the BSc Business Economics and he holds a MSc Finance degree. Sander also passed the ACT Risk Management certificate and passed the international Cash Management certificate with distinction.

Tobias is a Director at Zanders Switzerland with diverse Corporate Finance and Treasury experiences in consulting, banking and corporates.
He worked in Front Office Treasury roles at Daimler and BMW and as a Corporate Banker at BNP Paribas in Switzerland.
At Zanders, Tobias delivered various types of projects from Treasury Strategy, Financial Risk Management to Cash Management optimization.
He holds a BSc in International Business Economics, an MSc in Global Finance and is a CFA and CAIA charterholder.