Hogeschool Utrecht | Opleiding Treasury Management Post-Bachelor (Dutch)

10-08-2022 | treasuryXL | Hogeschool Utrecht| LinkedIn |

Je ambieert een functie als financieel directeur van een grotere (internationale) MKB-onderneming of non-profitorganisatie. Maar hoe word je financieel directeur? Die vraag staat centraal in de training Treasury Management. Tijdens vier masterclasses verdiep je je in de belangrijkste onderdelen van treasury management: corporate finance, cash management, valuta- en rentemanagement. Na de training ben je klaar om je ambitie waar te maken.

Je bent nu controller, accountant, financieel adviseur, cash manager of bankier en hebt minimaal drie jaar werkervaring. Jouw kennis uit het financiële bedrijfsleven vullen we aan met alle ins en outs van treasury management. Je start in het voorjaar en sluit de training na de zomer af met een opdracht uit je eigen praktijk. Ook doe je mee aan een treasury management game.

Schrijf je nu in

Opleidingsinhoud

Tijdens de opleiding Treasury Management richt je je op veel praktische vraagstukken. Je houdt je bezig met bankrelatiemanagement, (alternatieve) financieringsmodellen, rentederivaten, rapportages, internationaal zakendoen en meer. Allemaal met maar één doel: ervoor zorgen dat jij je verder professionaliseert, zodat je klaar bent voor die (internationale) topbaan.

Toelating

Om toegelaten te worden tot de cursus Treasury Management moet je een hbo-diploma hebben, net als minimaal drie jaar relevante werkervaring.

Tijdens een adviesgesprek kijken we samen of de opleiding aansluit bij je ambitie én of jij past bij de opleiding. Door de interactieve colleges leer je van elkaar, dus de samenstelling van de groep is van belang. Gestreefd wordt naar een diverse groep deelnemers uit verschillende sectoren van het bedrijfsleven en de non-profit sector.

Vind alle informatie over de opleiding Treasury Management

Frans Boumans

Docent Treasury Management

 

The impact of blockchain technology on central counterparty clearing houses

| 23-11-2017 | Treasurer Development | Minor Treasury @ Hogeschool Utrecht | Frans Boumans |

Today’s blog has been written by Youri Toepoel, Romy Steegwijk & Dirk Heesakkers , who are 3 students studying for the minor Treasury Management at the University of Applied Sciences in Utrecht. We welcome their contribution – it is good to see the youth engaging in Treasury matters! Here is their opinion on Blockchain technology and its impact on central counterparty clearing houses.

A central counterparty clearing house can reduce counterparty risks associated with doing business with unfamiliar counterparties in unfamiliar markets. When businesses lack the capabilities, resources and expertise required to reduce counterparty risks, a central counterparty clearing house might be the solution. In recent years new disruptive technologies have been developed. Cryptocurrencies are becoming more known worldwide and the underlying technology, the blockchain, might be able to decentralize current services offered by financial institutions like banks.

Counterparty risk

Counterparty risk is the possibility that someone you do business with is unable to meet his/her obligations with you. Events during the recent credit crunch, particularly with Lehman Brothers, showed that banks and businesses had put too much trust in the credit ratings formed by the credit agencies. Corporates based creditworthiness of counterparties mainly, or even only, on the credit ratings given by credit rating agencies, expecting those ratings to be accurate and trustworthy. This has proven to be wrong and since the credit crunch many businesses started to measure and control counterparty risk based on other factors beside the credit rating received from the credit rating agencies (Treasury Today, 2014).

The counterparties

For the treasury function the counterparty risk is mainly associated with the banks and other financial institutions since these are the parties the treasury function is mostly dealing with. Additionally, also governments are important given they supply the “risk free” government bonds, but as seen with the government of Greece even governments show the ability to get into financial problems. The treasury function will often deal with these parties to attract or repel liquidity, derivatives or long-term loans to support the business’s day-to-day operations. In the end, exposure to suppliers and customers are also important to the counterparty risk.

Central Counterparty Clearing House (CCP)

A central counterparty clearing house (CCP) is an organisation that exists in various European countries to help facilitate trading done in European derivatives and equities markets. These clearing houses are often operated by the major banks in the country to provide efficiency and stability to the financial markets in which they operate. CCPs bear most of the credit risk of buyers and sellers when clearing and settling market transactions (Investopedia).

Blockchain versus central counterparty clearing house

A CCP offers a good solution to the counterparty risk that most companies face when doing business with counterparties. But this service, as it basically provides a settlement between two parties, might be a prey for decentralization by technology based on the Blockchain.

The Blockchain is often simply described as a distributed ledger and has the capability to replace services being provided by central service providers like banks. The unique part is the absence of a trusted third party (a bank that we visit or to which we log in with a key, an Amazon.com, eBay or whoever you know and trust…) (Servat, 2015).

Currently, the only obstacle seems to be regulation since the blockchain already shows numerous application possibilities. Lots of banks and other financial institutions are currently investing big money in the blockchain technology to find out in which way they can use it (or save themselves with?) (Scuffham, 2017).

Whether the blockchain totally replaces or gets integrated by financial institutions like the CCP, these innovations are surely interesting to follow and keep track of (Treasury Today, 2014).

Sources/bronnen/aanvullend

https://medium.com/@colin_/central-counterparties-ccps-in-decentralised-blockchains-f2cf671f5787

http://www.investopedia.com/terms/c/ccph.asp

http://treasurytoday.com/2016/05/blockchain-technology-ttqa

https://www.treasury-management.com/article/1/354/2920/blockchain-%96-disruption-or-hype-.html

http://treasurytoday.com/2017/09/the-rise-and-rise-of-blockchain-tttech

https://www.reuters.com/article/us-rbc-blockchain/exclusive-royal-bank-of-canada-using-blockchain-for-u-s-canada-payments-executive-idUSKCN1C237N

https://fd.nl/beurs/1222842/nieuwkomer-ripple-provoceert-betaalbedrijf-swift-op-eigen-terrein

Minor Treasury Management

More information about the minor Treasury Management at the University of Applied Sciences?
Please contact Frans Boumans.

 

Frans Boumans

Manager Minor Treasury Management @ University of Applied Sciences in Utrecht

 

 

 

Wanted: Honours Graduation Internship in Finance, Control or Treasury

| 10-11-2017 | Nick de Wilde & Laurens Schumacher | Minor Treasury Management |

 

The University of Applied Sciences in Utrecht gives business economics students the opportunity to follow the minor Treasury Management. Two students that are following the programme at the moment are looking for a company where they can follow their Honours Graduation Internship.
Does your organisation have an opportunity?



Dear Treasurers,

We, Nick de Wilde and Laurens Schumacher, are looking for an internship for the period of February 5th to June 29th, 2018. We are currently in our last year of our business economics study at the University of Applied Sciences Utrecht and are following the minor Treasury Management. So far, we both have been very successful in our business economics education. Both of us are taking part in the Honours Graduation track in which we are taking on a challenging assignment as a duo. The internship consists of 60% working in the company (at the financial administration) and 40% working on the assignment. We prefer an assignment in the direction of Finance, Control or Treasury but we are open to any other suggestions.

If you are interested in facilitating us with a challenging internship, feel free to send us a message to [email protected] & [email protected] or join us on Linkedin.

Nick de Wilde – Nick on LinkedIn

Laurens Schumacher – Laurens on LinkedIn

Read also these articles about  the minor Treasury Management and from other students of the minor:

IT treasury management systems

| 03-11-2017 | Treasurer Development | Minor Treasury @ Hogeschool Utrecht | Frans Boumans |

Today’s blog has been written by Florian de Bruin & Jake Verspeek , who are 2 students studying for the minor Treasury Management at the University of Applied Sciences in Utrecht. We welcome their contribution – it is good to see the youth engaging in Treasury matters! Here is their opinion on IT Treasury management systems.

The complexity of financial control is increasing, but the demand of treasury management to process the right information on time is still there. The treasury management systems enable the treasurer to process the information on time. This involves responding quickly to developments in the money and capital markets and the continuous optimisation of liquidity management and financing. The complexity of the function increases because it is not just about managing and optimising incoming and outgoing cash flows, managing liquidities & investments, and financing of various activities of the company; but also for managing interest rate risks and currency risks. As a result, the Treasury management systems have taken a central role in the overall management of risk in an organisation.

Treasury management systems are available to optimise the treasury management within a company. It is often companies that are diverse, complex and operating internationally that use this IT software. It will therefore not be very common for small businesses with a simple business/structure or a small revenue. The risks and costs of treasury management usually run parallel to these structural features. The features of a treasury management system can be summarized in 10 points:

  • Cash management
  • Payment transactions
  • Foreign currency risks
  • Loans
  • Hedge accounting
  • Derivatives
  • Real- time links
  • Reporting
  • Analysis
  • Risk management

Treasury management maps these processes and manages them. A treasury management system is crucial in supporting such treasury functions in such types of companies.

As seen in the general market for IT, the market for treasury management systems is getting bigger and evolving at the same time. The market for treasury management systems has grown sharply, partly due to the increasing use of IT within companies. Because of the decent use of IT within companies for some while, the level of the market has reached a decent maturity level and the systems functionalities are increasingly expanded and developed. What is of great importance is that these systems have a great security implemented. It is not desirable that unauthorized persons may make any changes to data, such as cash flow of some deals. Such things can have major consequences for the treasury department and the company.

It is a challenge to find the right system that fully complies with the wishes of the treasury department. Creating the perfect match is the biggest challenge. Each system has their own specialty. For example the supplier DiscoverEdge delivers a system that is specialised in Cashflow forecasting, but the supplier Equens SE deliver has a system specialised in Payment management. It is a key factor for making the perfect match that you keep in mind that this match will be for the long term. Also, it is important for a company to ask what do we really desire from the system and what are we going to desire in the near future from the system. In this way you can make a choice that you still will be satisfied with after a couple of years.

At this moment there are no major developments for Treasury management systems. But the IT industry is one of the most innovative industries. So, you never know when there is a new major development for Treasury management systems.

Resources
http://www.treasury.nl/files/2007/10/treasury_239.pdf
http://www.ey.com/Publication/vwLUAssets/EY_-_TMS_Survey_2%C3%9F14/$FILE/EY-TMS-Survey-2014.pdf
https://www.accountant.nl/globalassets/accountant.nl/web-only/0034_bottemanne_14augustus2014.pdf

Minor Treasury Management

More information about the minor Treasury Management at the University of Applied Sciences?
Please contact Frans Boumans.

 

Frans Boumans

Manager Minor Treasury Management @ University of Applied Sciences in Utrecht

 

 

 

Due to the improved economy and other factors we notice a rising interest in the development of the treasurer as a person. Education, competence development and labour market changes are the most obvious topics this concerning. This is why we started the Treasurer Development initiative. 

 

FX-Risks Versus Technology

| 27-10-2017 | Treasurer Development | Minor Treasury @ Hogeschool Utrecht | Frans Boumans |

Today’s blog has been written by Daphne Piereij and Martijn Mullié, who are 2 students studying for the minor Treasury Management at the University of Applied Sciences in Utrecht. We welcome their contribution – it is good to see the youth engaging in Treasury matters! Here is their opinion on FX – risks versus technology.

“The one unchangeable certainty is that nothing is certain or unchangeable.” Those words were uttered by former US president John F Kennedy in a State of the Union address before Congress in 1962.

This still applies to the current state of the world. Especially within the financial markets and with FX Risks. Managing these risks have been completely revolutionized the past decades because of the new innovations in technology.

Traditionally traders manually update their volatility surfaces and bid-offer spreads, and that default pricing would have gone directly out to clients. More efficient is to use the electronic market data and automate much of that process, particularly in the most liquid currency pairs, creating a more transparent, data-driven practice.

According to McKinsey these are the trends in FX risk management with evolving technology and advanced analytics:

Big Data

Faster, cheaper computing power enables risk functions to use reams of structured and unstructured customer information to help them make better credit risk decisions.

In the future while this technology evolves and the quality of analytics of big data becomes better it will be easier to manage FX risks.

Machine Learning

This method improves the accuracy of risk models by identifying complex, nonlinear patterns in large data sets. Every bit of new information is used to increase the predictive power of the model.

Keeping in mind the words of former president John F. Kennedy the world will never be predictable and neither will the financial market. Because it’s not ran by machines but by humans, and humans are in general unpredictable. Which means this process has no end until the financial markets are managed by machines which are predictable.

Crowd Sourcing

The Internet enables the crowdsourcing of ideas, which many incumbent companies use to improve their effectiveness.

The internet can motivate people with challenges to work together to make algorithms for analytic functions so market data can be used more efficiently. It’s not always the most effective method to use the in-house developers to create algorithms. To make the most effective FX risk management algorithms is very hard and time consuming. Crowd Sourcing enables a whole different aspect to create algorithms, using more brains to create these immensely complicated methods to decrease FX risks.

Resources
https://www.mckinsey.com/business-functions/risk/our-insights/the-future-of-bank-risk-management
https://www.risk.net/risk-management/5276541/managing-fx-risk-how-to-prepare-for-the-unpredictable

Minor Treasury Management

More information about the minor Treasury Management at the University of Applied Sciences?
Please contact Frans Boumans.

 

Frans Boumans

Manager Minor Treasury Management @ University of Applied Sciences in Utrecht