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EUROMONEY TRAINING

A EUROMONEY INSTITUTIONAL INVESTOR COMPANY

TREASURY MANAGEMENT
Maximise the efficiency of your Treasury Function and effectively control Interest Rate and Currency Exposure

FULLY UPDATED COURSE

s HONG KONG 3-6 December 2002 The Sheraton Hong Kong Hotel & Towers
" Effectively measure and manage the performance of your treasury function " Safely hedge against foreign currency and interest rate exposure " Improve earnings performance through effective cash and debt management " Apply practical solutions to improve your treasury accounting and Asset/Liability management " Implement a successful treasury operation to increase shareholder value
Expert Course Director

Kevin Tant
International expert on treasury management and adviser to multinational corporates and banks

REGISTRATION HOTLINES: Tel: (+852) 2520 1481 Fax: (+852) 2866 7340
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Email: enquiry@euromoneyasia.com Website: www.euromoneytraining.com/asia

TREASURY MANAGEMENT
Maximise The Efficiency Of Your Treasury Function
Course Background

What past delegates say about this course...


Very good. Appropriate for my position/responsibilities. Bank of India Excellent course. DelGro Corporation Limited

The importance of duties undertaken by the treasury function, whether would it be in a bank or corporate, have been painfully highlighted over the past two years. Risk mitigation, exposure management and the use of hedging strategies are all now seen as essential undertakings. With countless financial institutions and corporates in the region still feeling the effect of the recent contagion, risk management and control remain a priority. However, with the region now experiencing renewed optimism and growth, how can organisations in Asia ensure that these activities remain priorities? Renewed optimism brings new opportunities. Whilst ensuring the effective management of all forms of risk, treasury managers must also be able to use and apply financial products in order to maximise profit. With the ever-increasing range and complexity of financial instruments available, treasury managers must constantly update their skills in order to effectively undertake their crucial duties.

Gave a better insight into my understanding on Treasury. Presnter was very practical both from banks and corporate perspective. Brunei Shell Petroleum Co Sdn Bhd It is very informative and knowledgebased. It provides brief understanding on different instruments. Hutchison Telecom I find the course interesting, it has given me the idea how banks operate and comeup with their pricing scheme. This will help me appreciate the banks effort and can give me more leverage in negotiating with them and put more contril on it WG & A , INC

Registration is at 8:30am on day one. The course begins at 9:00am and concludes at approximately 5:00pm daily.

Course Objectives
This intensive programme will provide you with a comprehensive understanding of the latest strategies, techniques and tools for an efficient treasury function. The course will examine in detail the complexities of all treasury management issues whilst expanding your knowledge of the essential concepts and the inherent risks. You will analyse the intricacies of modern financial markets, enabling you to maintain control over increasingly complex interest rate and currency exposures. You will also discover the latest strategies for measuring and managing risks, whilst effectively controlling funds held by your organisation.

All delegates should bring along a financial calculator. The Hewlett-Packard HP-B series are recommended.

free subscription
Delegates will receive a free 3-month subscription to Asiamoney magazine at the conclusion of the course.

Course Director

Crucial Benefits of Attending:


# Effectively control your risk management techniques # Learn the latest methods for measuring currency and interest exposure # Devise optimal funding strategies for short and long term investments # Benefit from efficient cash & debt management strategies to strengthen earnings and performance # Understand and analyse complex hedging techniques # Manage a successful treasury operation

Kevin Tant combines 12 years academic experience with 20 years of professional banking and finance exposure in the areas

of treasury management, corporate finance, retail banking, project finance, investment and portfolio management. Kevin is a Fellow of the Finance and

pre-course delegate questionnaire


To help us effectively establish your individual training needs, we will send you a short questionnaire upon receipt of your registration. This will allow us to gain a thorough understanding of your job duties, experience and desired objectives from attending this course. Please therefore register early to allow sufficient time for this to take place.

Who Should Attend


# Corporate treasurers & treasury managers in both banks and corporates # Treasury operations and settlements personnel # Accountants & internal auditors # Finance directors & financial controllers # Corporate finance managers # Heads of planning & financial services # Treasury salespersons # Marketing & relationship managers # FX & money market managers

Treasury Association and of the Australian Institute of Banking and Finance. He has been seconded to governments in the areas of capital markets, finance and debt strategy. He is a former member of government investment committees and a Reserve Board member of the non-bank financial institutions regulatory body. A long standing member of the Euromoney Trainings teaching faculty, Kevin is a highly skilled trainer with a vast knowledge of Asian treasury and asset/liability management issues. He is widely respected for his ability to translate theory into practice.

The Euromoney Certificate Delegates


who successfully complete this course will receive the prestigious Euromoney Training Certificate; a statement of excellence recognised worldwide.
Euromoney Training (Asia Pacific) 2002 Euromoney Training reserves the right to alter any part of the published
programme or faculty. In the event of course cancellation by Euromoney Training outside 14 days of the published course start date, or due to unforeseen circumstances, Euromoney Training limits its liabilities to refunding the cost of the course.

Day 1 TREASURY FUNCTIONS & OPERATIONS


The Role of the Treasury and its Relationship with Risk Organisation Location of operations Information sources Banking and other relationships Organisational control Treasury strategy and responsibilities Centralisation vs. de-centralisation Profit centres and cost centres The changing nature of treasury operations Securitisation: Expansion or Contraction? An introduction and review of asset securitisation cost, benefits and pitfalls Identifying and Quantifying Risk Relationship between risk and return The relationship between market perception, knowledge and history with analytical risk models Risk and the treasury operation Understanding the business trading strategy The role of accounting $ Case Study and Exercise Delegates will act as consultants and make recommendations to the board for the establishment of a more efficient treasury operation

Debt and Investment Management Financing the core business activities Development of policy Gearing and the debt/equity ratio Development of the debt maturity profile Fixed vs. floating mix Securitisation and the use of credit rating agencies Financial markets: short and long term debt vs. equity Asset and Liability Management The balance sheet and its relationship to the treasury operation Asset management vs. liability management Costing and pricing: meeting treasury objectives $ Case Study Delegates will analyse a debt/equity proposal and make recommendations regarding structure, pricing and its impact on balance sheet structure

Day 4 HEDGING TOOLS & TREASURY PERFORMANCE


Risk Management Products and the Creation of Synthetic Securities Foreign exchange exposure: options; futures; forward exchange contracts; foreign currency swaps Interest rate exposure: the role of the swaps market The role of forward rate agreements The futures market The options market: exchange traded options vs. over the counter options; caps, floors and collars The swaptions market The relationship of risk management products to each other and the physical market The creation of synthetic products

Day 2 FOREIGN EXCHANGE RISK


Foreign Exchange Risk The principles Quoting in the foreign exchange market Cross rates Foreign Exchange Derivative Products Forward exchange contracts Non-deliverable forwards Swaps Options The risks

Exercise Covering all risk management products and the creation of synthetic products
Hedging Choosing the appropriate alternative: forex risk management focus Measuring hedging performance $ Case Study Delegates will analyse available hedging alternatives and recommend the appropriate strategy Measuring Treasury Performance Difficulties in performance measurement Devising an appropriate treasury management system Defining benchmarks Treasury goals vs. company goals The self audit process Course Conclusion and Quiz

ASSET/LIABILITY MANAGEMENT & EXPOSURE Day 3 MANAGEMENT


Risk Management and Control Managing working capital and liquidity; maximising returns Managing interest rate risk Managing foreign exchange exposure Credit risk: its relationship with the treasury Capital risk: issues surrounding capital adequacy Investment risk Techniques available to manage the various risks: liquidity indices and ratios; gap analysis; duration analysis; controlling foreign exposures; analysing credit risk; capital management and sources of capital The investment decision Establishment of control systems The inter-relationship of risk and control systems: segregation and reporting $ Case Study and Exercise Delegates will be required to analyse and quantify risks of a financial institution and make recommendations. You will then complete a similar exercise for a corporation Development of Exposure Management Systems Liquidity risk and working capital Interest rate risk Foreign exchange risk: how to guard against those currency speculators Bringing the exposure management system together

OPPORTUNITIES FOR CO-OPERATION IN YOUR REGION

Let us come to you!

We can deliver the training programme of your choice in your country! Cost effective training for you, your staff and/or your clients delivered locally by the Euromoney faculty of international expert practitioners A publicity and marketing opportunity If you would like to discuss possible co-operation in developing programmes within your region, please call:
Maggie Tang Training Manager, Financial Training Tel: 852-2111 6636 Fax: 852-2866 7340 E-mail: maggie.tang@euromoneyasia.com Web: www.euromoneytraining.com/asia Mail to: 17/F Printing House, 6 Duddell Street, Central, Hong Kong

TREASURY MANAGEMENT
REGISTRATION FORM (Please do not remove this label)

EUROMONEYS 2002 TRAINING SCHEDULE


For information on any of the following courses please tick () box below and fax to Euromoney Customer Services

Fax Hotline (+852) 2866 7340 CDOs Structures & Ratings Theories 2-4 October 2002, Hong Kong Operational Risk Management 8-11 October 2002, Hong Kong Excel for Financial Modelling 15-18 October 2002, Hong Kong Debt Capital Markets 21-25 October 2002, Singapore Structured Finance 22-25 October 2002, Singapore Valuation Techniques & Modelling Applications 28-31 October 2002, Hong Kong Bank & Country Risk Analysis 11-14 November 2002, Hong Kong Project Finance Risk Management & Recovery 25-28 November 2002, Hong Kong Risk Management Masterclass 25-29 November 2002, Hong Kong Credit Derivatives & Credit Linked Notes 2-4 December 2002, Hong Kong Euromoney Bond School 2-5 December 2002, Sydney Equity Derivatives & Convertibles 5-6 December 2002, Hong Kong Asset & Liability Management and Capital Adequacy Planning 9-12 December 2002, Singapore Credit Analysis & Deal Structuring Workshop 9-13 December 2002, Hong Kong

Yes! Please register the following delegate(s) for:


Treasury Management 3-6 December 2002, Hong Kong (HT2626) PLEASE USE BLOCK PRINT
1st Delegate: (Mr./Mrs./Ms)........................................................................................................ Position: ...................................................................................................................................... Tel: ................................................................Fax: ................................................................... E-mail: ...................................................................................................................................... 2nd Delegate: (Mr./Mrs./Ms)..................................................................................................... Position: ..................................................................................................................................... Tel: ................................................................Fax: .................................................................. E-mail: .....................................................................................................................................
(please underline family name)

Approving Manager....................................................................................................................... Position....................................................................................................................................... Training Manager........................................................................................................................... Secretary for Enquiry................................................................... Extn. ........................................ Organisation................................................................................................................................ Address.......................................................................................................................................... City.................................................................Country................................................................. Phone......................................Fax...............................................Email......................................... Code: HT2626 W

4 EASY WAYS TO REGISTER

Registration Fee: US$3,675 per person for the 4-day course. Fee includes tuition, lunch, refreshments and teaching materials. Hotel accommodation is not included in the course fee, but special rates have been arranged for delegates. (See below) Early Bird: Register and pay for the Hong Kong course before 22 October 2002 and benefit from a 5% discount. Team Discount: When three or more delegates from one institution attend the same course date, there is a 5% discount available on the second and subsequent delegates. Payment: Crossed cheque payable to: Euromoney Training. Please send your cheque payment to Euromoney Training, GPO Box 11886, Hong Kong. Seat is confirmed only upon receipt of payment. Cancellation and Transfer Policy: The registration fee is non-refundable. A replacement is always welcome; otherwise we will convert your payment to a Euromoney Training course voucher that can be applied toward any Euromoney Training course in Asia for up to one full year. A course voucher for the full amount will be issued for cancellations received up to 21 days before the event. Cancellations must be made in writing (letter or e-mail) and reach this office before the 21-day deadline. A 25% administration fee will be deducted from the course voucher for those cancellations received less than 21 days before the event. A course voucher will not be issued for no-shows without cancellation. Course Venue and Accommodation Information: The Sheraton Hong Kong Hotel & Towers, 20 Nathan Road, Kowloon, Hong Kong Tel: (+852) 2732 6972 Fax: (+852) 2721 7292 Contact Person: Ms. Jacqueline Mak E-mail: jacqueline.mak@sheraton.com Special corporate rates have been negotiated for course delegates. Please make your accommodation bookings direct with the hotel. To take advantage of the special rates for delegates, please indicate that you are attending Euromoneys Treasury Management course. Incorrect Mailing address? Please accept our apologies for mail that is incorrectly addressed. Please send or fax us a copy of the label and we will update our records accordingly. We occasionally allow reputable companies to mail details of products that may be of interest to you. Please tick this box if you do not wish to be informed of these offers.

FAX Hong Kong (+852) 2866 7340

MAIL Euromoney Training 17/F, Printing House 6 Duddell Street Central, Hong Kong

PHONE Hong Kong (+852) 2520 1481

E-MAIL enquiry@euromoneyasia.com

Euromoney Training

YES! PLEASE FAX ME EUROMONEYS 2002 TRAINING CALENDAR

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