TREASURYRISK

MANAGEMENTEquip yourself with the skills and

knowledge to manage risk, allocate funds effectively and increase

shareholder value

London Dates:28-29 November 2016

COURSE LEADER: Alan McDougall, Treasury RiskSpecialist

Attend this comprehensive training programme and you will:

� Learn how to identify treasury exposures

� Be able to calculate and quantify interest rate and currency risk

� Understand how successful banks manage treasury risks

� Gain an enhanced understanding of the importance of treasury riskmanagement policies

� Appreciate the current regulatory regime and the implications for banks

� See the links between equity, commodity, interest rate and currency derivativehedging techniques

� Appreciate the differences between hedging in the forward, futures swaps andoptions markets

What did I like most about this course? All of itS Rowlands, Director Financial Risk, EIB“ ”www.iff-training.com

Tel: +44 (0)20 7017 7190 / Email: cs@iff-training.com

We can deliver this course in-house:Your company, your needs,

your location

Contact Jeff Hearn: +44 (0)20 7017 7190jhearn@iirltd.co.uk

TREASURY RISK MANAGEMENT In a letter sent to chief executives of all banks and building societies, the FSA's Deposit Takers Division (DTD), stated: "Although therehave been numerous well-publicised examples of material losses arising from inadequate controls within treasury operations, it seemsthat, in many instances, firms are still failing to address effectively some fairly basic issues".

The review highlighted flaws in segregation of duties across front, middle and back office, poor understanding of risks by seniormanagement, inadequate internal audit and IT procurement and implementation practices and weaknesses in limit management, riskmeasurement and pricing policies. The cross-section of firms visited included domestic banks and building societies and a number ofbranches and subsidiaries of international banks.

This highlights the crucial need for all banks and financial institutions to look very carefully at their treasury function and the practicesthey adopt. In order to help you successfully deal with these overwhelming challenges IFF has designed this brand new highly topicalprogramme.

During these intensive two days you will develop all the theoretical strategies and practical techniques to manage risk, allocate fundseffectively and, as a result, increase the all important shareholder value!

Course Leader: Alan McDougall Alan has worked in the markets for 30 years both as trader and as a trainer. He has delivered 1000s of days oftraining to traders, sales people, risk, IT and operations managers, lawyers and accountants - a wide range offront, middle and back office professionals. He has run training courses at UBS, Deutsche Bank, Merrill Lynch,Fortis Bank, ING, ABN-AMRO, HSBC, Credit Suisse, The Bank of England and at many other leading financialinstitutions all over the world.

He is a specialist in the relationship between the fixed income markets, the foreign exchange and money marketsand the derivatives markets and his background makes him ideally suited to teach you about the fixed incomemarkets. He is a visiting lecturer at the Cass Business School and London Metropolitan University and the authorof ‘Mastering Swaps Markets’ published by The Financial Times.

Hear from the trainer himself at: http://www.iff-training.com/VIDTRM

www.iff-training.comTel: +44 (0)20 7017 7190 / Email: cs@iff-training.com

WHY CHOOSE IFF AS YOUR TRAINING PROVIDER?

• Track Record – we have over 20 years’ experience of providing training to the banking, finance and energy sectors• Relevance – training courses are designed for small delegate groups which ensures you maximise the time and contact with your coursedirector

• Innovation – our courses are continually reviewed so you can be sure they are focusing on the most current issues• Knowledge – all of our trainers are highly experienced and are world leading subject matter experts in the field they teach so you can beconfident you are learning from the very best

• Small class sizes – to aid knowledge acquisition and increase your personal interaction with the trainer• Value – our philosophy has always been to provide a practical training experience with skills that can be used to gain a tangible return onyour investment

• Accreditation – we are accredited by the British Accreditation Council (BAC)

Many organisations have realised that IFF in-company coursesoffer so much more than conventional courses. Here’s why:• We focus on providing our clients with training solutions that arespecifically designed for them in order to help them address theirkey business challenges

• IFF programmes are designed by practitioners for practitioners. Weequip our clients with the practical skills and knowledge they needto succeed

• Our international faculty of trainers are some of the world’s leadingexperts in their chosen field. We only use the best minds in thebusiness

• We’ve been supporting our clients for over 20 years; you can besure that, as such, our track record makes us the lowest risktraining partner you could find

• By focusing on the business issues behind the training need, wecan ensure that the content and focus are targeted 100% on theneeds of the business

• Quality is critical to our success. Our reputation has been built over20 years by delivering programmes of the highest standard. We willnever compromise on our desire to ensure that our courses surpassthe expectations of our clients, not meet them.

IFF is the chosen in-company training provider for some of theworld’s leading financial institutions, so rest assured you’ll be ingood company. We’ll also meet with you anywhere around theglobe. Only by understanding our clients’ business issues can we hope toadd substantial value. That’s why we work with our clients face to faceall over the world. If you would like one of our consultants to meetwith you to talk about your needs in more detail or if you would simplylike more information as to how you’ll benefit from our in-companyprogrammes, please contact Jeff Hearn (Managing Director) on +44 (0) 20 7017 7190 or email: jhearn@iirltd.co.uk

IN-COMPANY TRAINING SOLUTIONSSAVE MONEY – IMPROVE PEFORMANCE – REDUCE RISK

If you have four or more people to train, our in-company courses can be delivered for you anywhere in the world and are the perfect solution for you.

Your comprehensive course agenda

Nine Rules of Treasury Risk ManagementSeven Laws of the Markets

Five steps to a more effective global treasury

Treasury Management Today• Impact of the crisis on the interbank market• Impact of the crisis on risk management• Implications for banks and companies• Implications for the treasury function• Treasury management policies and procedures

Centralised and decentralised treasurymanagement

Liquidity Risk Management• Managing global bank accounts• Gaining real-time visibility into global cash balances• Making informed decisions from flexible cashworksheets

• Forecasting global cash flows• Top down initiatives• Data source identification• Automated data source consolidation• Reconciliation and performance testing• Scenario testing• Improve decision-making for better use of creditfacility

Novartis and BNPP

Credit Risk Management• Counterparty credit risk and treasury products• Asymmetrical potential future exposures• ISDAs CSA• Correlation risks• Joint default probability• Wrong way risk• CVAs and CVA desks• Collateral management

Credit risk management

Operational Risk Management• Fundamental principles of operational riskmanagement

• Governance, the board of directors and seniormanagement

• Risk management environment• Identification and assessment• Monitoring and reporting• Control and mitigation• Business resiliency and continuity

The role of disclosure in operational riskmanagement

Funds Transfer Pricing• Pooled funding• Multiple pooled funding• Matched maturity method• Refinement: adding to the base cost• Basis risk• Credit risk• Capital charges

Funds transfer pricing FAQ

Accounting for Derivatives Hedges• IAS 39• IFRS 9

The benefits of IFRS 9 for hedgers

Treasury Risk Management• Asymmetrical risks• Symmetrical risks• Long and short positions• Market risks• Liquidity and operational risks

• Pricing principles• Hedging principles• Understanding IAS 39• Mark-to-market and accrual accounting

Treasury management at Evraz andStoraEnso

Managing Currency Risk• Transaction, translation and economic exposures• Using the foreign exchange markets• Major foreign exchange markets• What causes market moves• Spot vs. forward rates• Getting to grips with the different products• Understanding arbitrage

Currency risk management at Southcorp andApple

Managing Interest Rate Risk• Time value of money• Future value and present value• IRRs, NPVs and NFVs• Implied repo rates• Discount factors and compound factors• Simple and compound interest• Yield and return• Act/act, act/360 and 30/360• IBIDs, IMEANs and IBORs• LIBOR as a benchmark• LIBOR as an index• OIS rates as an index• Interpreting the yield curve• Liquidity, segmentation, habitat sand marketexpectations

• A guide to money market products• Duration, PV01s and DV01s• Duration weighted interest rate hedging

Interest rate risk management at Vodafone

Forwards, Forward/Forwards and Futures• Calculating forward forwards with deposits• Arbitraging forward rates and deposits• Contracts for differences• Forward rate quotations

Hedging with FRAs, futures and interest rateswaps

Managing Interest Rate Risk• How FRAs work• Positive and negative carry• Calculating FRA rates• Hedging and trading with FRAs• Calculating the settlement amount• FRAs and FX swaps• Pricing forwards from FRAs• Negative convexity• FRAs and futures

Hedging with FRAs, futures and interest rateswaps

Excel workshop: Managing the interest raterisk in a portfolio of assets and liabilities

Getting to Grips with Risk Management• Interest rate risk management• Currency risk management• VaR, EaR• The rules of risk management

Understanding the weaknesses andstrengths of VaR

Mastering the Practicalities of SpotForeign Exchange• Market structures and standard practices• Spot rate quotations

• Forecasting spot rates• Profit and loss strategies• Base and variable currencies• Direct and indirect quoting• Calculating cross rates and cross trading• Spot dealing strategies• Market liquidity• Market making

Mastering the practicalities of spot foreignexchange

Forward Foreign Exchange• Calculating forward outrights• Forward outrights and FX swaps• FX swaps and currency swaps• Calculating swap points• Hedging swaps with forwards• Time options• Interpolation• A forward FX valuation model• Par forwards, premiums and discounts• Contangos and backwardations• Common pitfalls in hedging

Hedging with forward outrights, FX swapsand currency swaps

Interest rate and currency optionsCurrency options tradingCurrency options hedging

Currency options P/L dynamics

Interest rate options tradingInterest rate options hedging, interest ratecaps, floors and collars

Covered Interest Arbitrage• Calculating interest differentials• Expressing interest rate views• The carry trade• Currency overlay• Multi-currency debt management

The popularity of the carry trade –asymmetrical P/L profiles

Practical Treasury Management• Marking to market• Collateralisation• Calculating profit and loss• Spot exposure management• Managing the residual risk in arbitrages

Benefits of multi-currency debt management

Currency and Interest Rate Swaps• Pricing: fixed/fixed• Basis swaps: floating/floating• Fixed/floating• Initial and final exchanges of principal• Valuing cash flows• Market drivers• Swap structures

Swap driven bond issuesSwaps risk management, differentiatinghedging from trading and establishing theirrelative impact on the treasury

The Regulatory Environment• Regulatory pressure• Basel III• Regulatory arbitrage• The creativity of the banks• Product development• The future for treasury risk management

Summary: Risk Management Principles

Treasury Risk Management

www.iff-training.comTel: +44 (0)20 7017 7190 / Email: cs@iff-training.com

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In-Company Training

The International Faculty of Finance hasbeen the world leader in specialist in-company training for over 20 years. Weexcel at designing and providingcustomised training solutions which meetyour organisational goals, objectives andbusiness challenges, whilst delivering anoutstanding return on investment.

Our international faculty of expert trainerswill create the perfect programme for yourneeds. Our in-company courses can alsosave you up to 40% compared to traditionalpublic courses, making big savings ontravel costs and reduced time away fromthe desk.

IFF delivers in-company training to clientsall over the world, at all levels within anorganisation across every sector of bankingand finance. This is what makes us sosuccessful in meeting the diverse needs ofour clients.

Not only does our reputation for quality makeus different from other training organisations,but we have a passion to ensure that ourcourses surpass the expectations of ourclients, not just meet them.

Rest assured - that when choosing IFF notonly are you making a safe decisionfinancially and professionally – we guaranteethe results you need to achieve from training.When it comes to improving the skills,knowledge and performance of your team,department or organisation – IFF in-companytraining is the ultimate solution.

Contact us to discuss further: +44 (0)20 7017 7193 | jhearn@iirltd.co.uk

www.iff-training.com • Tel: +44 (0)20 7017 7190 • Email: cs@iff-training.com4

Why choose IFF In-company Training?

� Cost Efficient � Customised Content � Convenient � Specially Selected Trainer � Free Pre-course Assessment � Consistent Quality � Post Course Evaluation � Dedicated Account Manager � Dedicated Logistics Manager � Tailored Course Materials � Interactive & Practical � Case Studies – Tailored to Specific

Regions & Sectors

Watch the video here: www.iff-training.com/INCVID

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What happens if I have to cancel?The following charges will apply for written notice received: 30 +days before the course: 10%, 15–30 days before the course: 50%,1–15 days before the course: 100%In the unfortunate event that a course is cancelled, IFF Ltd are notliable for any costs incurred by participants in connection with thecourse.

TransfersThe following charges will apply for written notice received: 30 +days before the course: free of charge; 15–30 days before thecourse: 10%, 1–15 days before the course: 100%

Data Protection The personal information shown on this form, and/or provided by you,will be held on a database and may be shared with other companiesin the Informa Group in the UK and internationally. If you do not wishyour details to be available to other companies in the Informa Groupplease contact the Database Manager at the above address, Tel +44 (0)20 7017 7077, Fax +44 (0)20 7017 7828 or email: integrity@iirltd.co.uk.

Occasionally your details may be obtained from, or made available to,external companies who wish to communicate with you offers relatedto your business activities. If you do not wish to receive these offers,please tick the box. □

Incorrect Mailing If you are receiving multiple mailings or you would like us to changeany details or remove your name from our database, please contactthe Database Manager at the above address,Tel +44 (0)20 7017 7077, Fax +44 (0)20 7017 7828 or email:integrity@iirltd.co.uk – quoting the reference number printed on themailing label.

International Faculty of Finance, KNect House30-32 Mortimer StreetLondon W1W 7RE

www.iff-training.comTel: +44 (0)20 7017 7190 / Email: cs@iff-training.com

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5ways to register...1 Tel: +44 (0)20 7017 71902 Fax: +44 (0)20 7017 78023 Email: cs@iff-training.com4 Web: www.iff-training.com5 Mail: Customer Service Manager

International Faculty of Finance KNect House30-32 Mortimer StreetLondon W1W 7RE

Save money with in-house training

SAVE up to 40% and improve performance with our cost-effective tailored in-house courses

Contact Jeff Hearn for more details: +44 (0)20 7017 7190jhearn@iirltd.co.uk

TREASURY RISK MANAGEMENT

IFF Training is accredited by the British AccreditationCouncil (BAC). The British Accreditation Council isrecognised internationally and provides the clearest markof educational quality and excellence. Accreditation byBAC is recognised by the UK Border Agency so the factthat IFF is BAC-accredited should help with your visaapplication.

If you would like us to contact you with a registration form via email,please tick which date you wish to register for, providing your contactdetails below in BLOCK CAPITALS. You can send this to us, using thecontact details above.

Course: 2 day IFF Treasury Risk Management Training CourseVenue: Central London

□ 28-29 November 2016 (FLF3767)

Full Name:

Email Address:

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Administration Details:Cost: Including documentation, lunch & refreshments yourinvestment in this course is £2,099 plus VAT = £2,518.80The VAT is subject to change and may differ from the advertised rate. The amountyou are charged will be determined when your invoice is raised. (Our VAT numberis: 365 4626 36)

Register by Register after29 January 2016

Course fee £1899.00 + VAT @ 20% £2099.00 + VAT @ 20%= £2278.80 = £2518.80SAVE £200

PLACES CANNOT BE GUARANTEED UNTIL FULL PAYMENT HASBEEN RECEIVED.Methods of Payment (Our VAT no is 365462636):By Bank Transfer, Cheque or Credit Card*if you would like to pay by credit card, please register via our secure paymentswebsite at www.iff-training.com, otherwise details of alternative ways to pay will beon the invoice you receive after registration. To ensure we provide the highest levelof security for your credit card details we are unable to accept such payments viaemail or fax which ensures that these details are never stored on our network.

29 January 2016