Subscribe and receive your 41 pages ‘easy-to-read’ eBook, What is Treasury?

16-05-2022 | treasuryXL | LinkedIn |

 

Treasury, Corporate Finance, Cash Management, Risk Management, Working Capital Management and Blockchain. What are the purposes of these treasury functions?

treasuryXL created this eBook based on the most relevant best practices that Treasury experts provided over the last years. We bundled the most important information for you and created easy to read and understand articles about the main subjects within the World of Treasury.

We took a deeper dive into each of the above-mentioned treasury functions and highlight:

  • The purpose of each named Treasury function (What is?)
  • What specialists do
  • Examples of Activities
  • Summary of Frequently Asked Questions and answers
  • Conclusion

How to receive this eBook for Free?

We simply giveaway two presents for you! By signing up for our newsletter you will automatically receive the following in your inbox:

  1. On Fridays, our Coffee Break weekly newsletter will land in your inbox. In this weekly newsletter, we will highlight the whole week full of the latest treasury news within our community.
  2. The 41 pages eBook, What is Treasury?

 

Subscribe, Join, Download and Relax.

Welcome to our community and have fun reading!

 

 

Director, Community & Partners at treasuryXL

 

 

 

 

Opleiding Wegwijs in het Betalingsverkeer (Dutch)

29-04-2022 | treasuryXL | Enigma Consulting | LinkedIn |

 

Op 17 mei begint de 3-daagse Euroforum training Wegwijs in het Betalingsverkeer. Enigma Consulting (docenten Roderick KroonThim Donkervoort) verzorgt deze training samen met gastdocenten Emanuel van PraagGaston AussemsDaan van KlinkenMax Geerling PhD en Frans C. van Beers.



Word wegwijs in de betalingswereld!

Het betalingsverkeer is continu in beweging. Nieuwe wet- en regelgeving, nieuwe technologieën en nieuwe spelers hebben impact op het betalingsverkeer en je rol als gesprekspartner over betalingsverkeer. Door deze constante veranderingen is het cruciaal om de ontwikkelingen te volgen en in het juiste perspectief te zetten. Deze opleiding bied je praktische handvatten zodat je begrijpt wat er gebeurt en beter in staat bent in te spelen op nieuwe ontwikkelingen

Download de brochure

De opleiding geeft je volledig inzicht in:

  • Het huidige betaallandschap met de verschillende betaalinstrumenten en achterliggende modellen
  • De nieuwe en huidige spelers, zoals Fintech en Bigtech organisaties, en de impact die zij hebben op de betaalketen
  • Wet- en regelgeving, waaronder: Betaalvergunningen, Payment Service Directive 2 (PSD2), E-Money Directive en General Data Protection Regulation (GDPR)
  • Technologische innovaties, zoals tokenisatie, de impact van data en artificial Intelligence
  • Instant Payments als het nieuwe normaal en de aanzienlijke impact op alle spelers in de waardeketen van betalingen

Bekijk het programma

Nieuwe begrippen worden op praktische wijze behandeld zodat je deze direct in de praktijk kunt toepassen. Na deze opleiding ben je volledig op de hoogte van alle ins en outs die komen kijken bij betalingsvraagstukken. Zowel het bancaire- als het merchant perspectief wordt behandeld waardoor je de gehele betaalketen beter zult gaan begrijpen.

Tijdens de opleiding Wegwijs in het betalingsverkeer leer je:

Deze opleiding is ideaal voor personen die starten in het betalingsverkeer of voor personen die in één keer kennis willen maken met alle facetten van het betalingsverkeer.

Te denken valt aan:

  • (Assistant) Product Manager, Product owner
  • Business Development Managers
  • Account manager, Sales, Relatie manager, Ecommerce specialist
  • Corporate Financial professionals: treasurers, accountants, cash managers
  • Fintech professionals – building startups
  • (Assistant) Product Developers

Reacties van oud-deelnemers

  • Een goede opleiding om een algemeen beeld te krijgen van wat er allemaal in het betalingsverkeer komt kijken.
  • Mooie samenvatting van de wereld van betalen
  • Goed overzicht van de ontwikkelingen en de uitdagingen in het betalingsverkeer
  • Boeiend, verhelderend en inspirerend!
  • Verrassend en verfrissend waarbij alle aspecten in het actuele Betalingsverkeer aan bod komen.

Your free eBook, What is Treasury?

13-04-2022 | treasuryXL | LinkedIn |

 

Receive your eBook What is Treasury? after subscribing to the free treasuryXL weekly newsletter.

The world of Treasury is a complex topic. Many people will think about pirates and big see ships that sank deep into the bottom of the ocean including their ‘treasure’. A mystery treasure map will lead the finder to a treasure worth a lot of money. In some way Treasury and Treasure have similarities, it is about money and other valuables.

Are you having a hard time how to explain what treasury is to family, friends and colleagues? Or are you interested to learn more about the World of Treasury?

 

treasuryXL created a 41 pages eBook for the corporate treasurers and the world of finance addict.

This eBook is designed to answer layman questions about the function of Treasury. treasuryXL bundled the most important information for you and created an easy to read and understand articles about the main subjects within the World of Treasury:

This ebook will answer your questions about Treasury topics.

treasuryXL explains the purpose of each Treasury function; what specialists do, examples of activities, FAQs, and a summary.

This ebook is based on the most relevant best practices that Treasury experts provided over the last years. On the website of treasuryXL you can explore additional information on the latest in Corporate Treasury.

 

HAVE FUN READING!

 

 

Director, Community & Partners at treasuryXL

 

 

 

 

Career Calibration and the Treasurer Test

31-03-2022 | Pieter de Kiewit | Treasurer Test | LinkedIn |

On a regular basis, we write about your career planning in treasury, our opinions, and observations. Two articles on the website of Treasurer Search that are strongly related to this and very well viewed are:

Also, you might have noticed that we are big fans of the Treasurer Test, which helps treasurers in visualizing their skills and personality.


Read more

Example Question #1 | Treasurer Test

09-03-2022 | treasuryXL | Treasurer Test | LinkedIn |

 

How is your Treasury knowledge? Today we investigate your Treasury Expertise and ask you an example question that you might face when taking the Treasurer Test


Read more

International Treasury Management and Corporate Finance

17-01-2022 | François de Witte | treasuryXL |

We would like to draw attention to the following event, which includes our Expert François de Witte. Register below to learn more about International Treasury Management and Corporate Finance.

Registration

 

In order to be accepted to this certified path it will be asked to complete this application form .

This training will be planned and will start when a sufficient number of participants has been reached. You will then be informed at least 2 months before the course starts.

However, you can still fill in your application and we will contact you.

If you do not wish to be certified but are interested in the topics, almost every course can be purchased independently by clicking on the title in the content below. This certified path is a blended training which contains both physical and virtual classroom, e-mentoring, teamwork, etc.

Description

 

The treasurer is the custodian of the company’s daily liquidity. He manages, anticipates and secures cash flows by ensuring that financial needs are covered. This cursus will give the ability to assist directly and practically the treasurer of large corporates or to take over the treasury responsibilities in a SME. The various modules will allow acquiring an in-depth knowledge of the various areas of the “Corporate Treasurer” profession.

 

Objectives

 

At the end of this programme, the participant will able to:

  • assist directly and practically the treasurer of large corporates
  • take over treasury responsibilities in a SME.

The various modules will allow to acquire an in-depth knowledge of the different areas of the “Corporate Treasurer” profession.

 

Programme

 

Module 0: Introduction to Treasury Management

Speaker: Benjamin Defays / Treasury Manager

  • Corporate Treasurer’s responsibilities
  • Cash management (bank account opening, closing, KYC, Cash pooling, Payments and bank connectivity)
  • Liquidity management (importance of working capital management,
  • Risk management (foreign exchange, fraud, credit risk)
  • Trade finance (general context, intro to bank guarantees and letters of credit)
Module 1: Financial Maths in Excel (Focus on treasury & corporate finance)

Speaker: Hugues Pirotte / Professor of Finance at Solvay Brussels School

  • Focus on treasury & corporate finance
  • Time Value of Money
  • Vocabulary
  • Compounding intervals
  • Discount and annuity factors
Module 2: Payments, Cash Management and Banking Relations

Speaker François De Witte / Consultant

  • Payments (Process, Tools)
  • Liquidity Management
  • Cash-Flow Forecasting
  • In-House Banking
  • Banking Relationship
Module 3: Trade Finance in context of uncertainty

Speaker: Benjamin Defays / Treasury Manager

  • General contact, cultural aspects
  • Why trade finance in treasury
  • Bank Guarantees, Burgschafts, Surety Bonds, Letters of Credit, Cash against Documents
  • Alterative security instruments
  • Disruptive technologies
Module 4: Introduction to Counterparty Credit Risk Management and Cash Collection

Speaker: Benjamin Defays / Treasury Manager

  • Concepts & Practices/Types of Credit Risks
  • Understanding Financial Statements and Ratios
  • Credit Scoring/Ratings – S&P, Bloomberg models
  • Collecting overdue receivables – setting priorities
  • Strategies dealing with overdue invoices
  • Debt collection services development
Module 5: Practical Aspects of International Finance Regulation

Speaker: Lievin Tshikali  

  • KYC, GDPR, EMIR, Bale III
  • International sanctions and their impact on transactions & overall business activities
  • Anticorruption (FCPA, UK Bribery Act)
  • EU competition law compliance
  • INCOTERMS
  • Drafting a contract (main considerations)
Module 6: Risk Management applied to treasury

Speaker: François Masquelier / Group Treasurer

  • FX, Interests
  • Counterparties
  • Others (Reputation, etc…)
  • Objectives of Hedge Accounting
  • Required documentation and formalisation of Hedge Accounting relationships
  • Different types of hedges (Fair Value, Cash Flow, Net Investment)
  • Booking adjustments of different hedge types
  • Typical examples of different hedge types
Module 7: Technologies applied to treasury

Speaker: François Masquelier/ Group Treasurer

  • New Technologies
    • Blockchain, Crypto-currencies, Smart Contracts
  • Treasury Console (Bloomberg, Thomson Reuters)
  • TMS, Financial Technology
Module 8: Cyberfraud: what you need to know to manage this ever increasing risk

Speaker: Thierry Hamon / Cash management & security expert

  • Getting an overview of the different cyberattacks techniques currently used
  • Understand the possible consequences of cyberfraud and what needs to be protected
  • Learn 50 ways to protect

Some homework might be proposed for some modules, there will be continuous control in the form of intermediary exams (under the form of QCM) and a final exam will be sanctioned by an attestation delivered by ATEL (The Luxembourg Association of Corporate Treasurers).

There might also be one or two “extra-activity”, such as a visit in a bank trading room or/and a special guest speaker addressing the cursus participants on a specific subject (still to be defined, optional events).

 

Target Audience

 

Anyone willing to acquire an in-depth knowledge in corporate treasury and wishing to exercise this knowledge in practice.

 

Prerequisites

 

  • Basic background in finance or accounting
  • For the Advanced Excel workshop, a preliminary (good) knowledge in Excel is required.

Course Material

 

The course material can be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).

 

Certificate

 

At the end of the programme, the participants will receive a “Certificate of Attendance” delivered by the House of Training, and an attestation of “Exam Success Pass” delivered by ATEL.

In order to get certified, an 80% rate of attendance and a 60% average score on the examinations are required.

The participants will also receive a one-year free membership to ATEL (www.atel.lu) giving a number of advantages.

 

Register Here

 

 

Francois de Witte

 

François de Witte

 

 

 

 

 

 

Question treasuryXL Panel #4 | When do I pay an FX surcharge to my payment service provider?

14-12-2021 | treasuryXL | EcomStream | LinkedIn |

treasuryXL is the community platform for all your relevant treasury questions.

We received the following question from one of our followers…



QUESTION

“When do I  have to pay an FX (Foreign Exchange) surcharge to my payment service provider (PSP)?” 


We asked for the assistance of our highly valued partners to answer the question: Ramon Helwegen, Founder and Managing Director of EcomStream.

With his expertise, he could help out our contact perfectly!


ANSWER

 

“Many payment service providers offer a variety of local currencies in which e-commerce sales can be settled. This helps you to gain a general overview of all payment flows without FX loss on a transaction. This is quite handy for an international e-commerce organization.

If the authorization currency and the settlement currency are the same (like-for-like), there is no FX loss on the transaction, which is obviously good for gross margins.

However, no payment service provider will settle all currencies as like-for-like. For currencies where this is not available, there is a loss of FX. The costs that the payment service provider charges for this can be considerable, and it can also differ considerably per currency. This is often not communicated transparently. Therefore, ask your payment service provider and realize that FX is also negotiable.”


 

Do you also have a treasury-related question? Feel free to leave your question at our treasuryXL Panel. The panel members are willing to answer your question, free of charge, with no commitment.

 

 

 

 

Question treasuryXL Panel #3 | Should treasury always report to the CFO?

02-11-2021 | treasuryXL | TreasurerSearch  | LinkedIn |

treasuryXL is the community platform for all your relevant treasury questions.

We received the following question from one of our followers…

 

QUESTION

“Should treasury always report to the CFO and what causes that this sometimes is not the case?” 

ANSWER

We asked for the assistance of our highly valued partners to answer the question: Pieter de Kiewit, Owner and Consultant at TreasurerSearch.

With his expertise, he could help out our contact perfectly!

 

Pieter de Kiewit

Pieter de Kiewit responds:

“In my opinion, treasury should in 95% of the cases report to the CFO. In my work with group treasurers and CFOs it is exceptional to find an organisation in which cash & liquidity, FX % interest risk and/or funding does not have a strategic value. Still, I see treasurers who do not report into their CFO. Sometimes just so, for example when the treasurer works in a completely different time zone and reports into a local MD. Very often not just so because the CFO considers him/herself too busy, decreases the span of control and delegates. A lack in treasury expertise of the CFO and/or the treasurer personally not being able to claim a prominent spot are, in my opinion, reasons for this..”

 

 

Do you also have a treasury-related question? Feel free to leave your question at our treasuryXL Panel. The panel members are willing to answer your question, free of charge, no commitment.

 

 

 

 

Beheer uw Financiële Middelen | Cash- en werkkapitaalbeheer

| 29-10-2021 | François de Witte | treasuryXL |

Een bedrijf financieel gezond houden kan niet zonder een gedegen werkkapitaalbeheer. In deze basisopleiding bekijken we alle inkomende en uitgaande geldstromen (debiteuren, crediteuren, voorraden en cash). U leert hoe u deze geldstromen kan beheren en optimaliseren. Een aanrader voor iedereen wie interesse heeft en de noodzaak inziet van een transparant treasury- en creditmanagement. Deze opleiding gaat klassikaal door in campus Gent.

Omschrijving

Productieprocessen, (internationale) logistieke processen en verkoopprocessen brengen grote geldstromen in beweging. Een bedrijf financieel gezond houden kan niet zonder een gedegen werkkapitaalbeheer. In deze basisopleiding bekijken we alle inkomende en uitgaande geldstromen (debiteuren, crediteuren, voorraden en cash). U leert hoe u deze geldstromen kunt beheren en optimaliseren. Een aanrader voor iedereen wie interesse heeft en de noodzaak inziet van een transparant treasury- en creditmanagement.

Voor wie is deze opleiding bestemd?

Deze module richt zich tot bedrijfsleiders, alsook alle financieel verantwoordelijken, leden van het treasury team, controllers, financieel adviseurs, accountants, accountmanagers en productmanagers bij financiële instellingen.

Voorkennis

Financieel basisinzicht is vereist.

Bijkomende info

Het programma komt in aanmerking voor 9 uren permanente vorming bij ITAA.

Methodologie

Het programma is doorspekt met cases die samen met de deelnemers behandeld worden. Naast voorbeelden uit de praktijk die de theoretische onderbouw concretiseren, is er steeds aandacht voor de opmerkingen en vragen van de deelnemers. Om deze reden is het aantal deelnemers beperkt.

Lesdata

DATUM STARTUUR EINDUUR
woensdag 01/12/2021 9:30 12:30
woensdag 01/12/2021 13:30 16:30
woensdag 8/12/2021 13:30 16:30

Meer informatie en inschrijven: Klik Hier

 

Francois de Witte

 

François de Witte

 

 

 

 

 

 

Question treasuryXL Panel #2 | How is PSD2 being applied in a business context?

12-10-2021| treasuryXL | Cobase |LinkedIn |

treasuryXL is the community platform for all your relevant treasury questions.

We received the following question from one of our followers…

 

QUESTION

“As a treasurer, efficient and risk-free handling of payments and reporting are top of mind. In the daily news I read a lot about PSD2, but why don’t I see much of this being applied in a business context?”

ANSWER

We asked for assistance of our highly valued partners to answer the question: Joost Kevelam, Head of Sales and Head of Financial Markets & Risk Solutions at Cobase.

With his expertise he could help out our contact perfectly!

Joost Kevelam responds:

“That is a great question. Today PSD2 is very much geared towards retail users. For corporate usage, we see three key hurdles that need to be cleared.

Firstly, for reporting purposes PSD2 still demands use of bank-specific tokens; either for periodical consent (for reporting) or for each payment. For treasurers that have several banks this is prohibitive.

Secondly, corporate treasurers want to connect in such a way that they can do all their cash management tasks in their ERP and the ERP then connects (unattended) to all their banks. The banks’ PSD2 (or Open Banking) connections often do not support these patterns.”

 

Lastly PSD2 protocols vary wildly across banks, there is no standard yet. Developments in the right direction are unfolding slowly.
In the meanwhile there are solution providers in the market that offer much of the touted future PSD2 benefits, but with technology that is already easily available today (e.g. swift, host-2-host and other APIs). If you select a provider, please consider whether they have the license and capability to easily migrate you to the PSD2/Open Banking interfaces once they are suitable for corporate usage.
Feel free to contact me if you wish to discuss how these technologies can make your life as a treasurer easier.

Do you also have a treasury related question? Feel free to leave your question at our treasuryXL Panel. The panel members are willing to answer your question, free of charge, no commitment.