Treasury
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Treasury departments help companies reduce risks like interest rate, credit, currency, commodity, and operational risks. Trade finance involves managing money and credit for international trade transactions. The document discusses integrating trade finance with cash management, establishing trade finance policies, measuring discrepancies in transactions, mapping trade finance processes, extending accounts payable and receivable terms using trade finance, integrating foreign exchange hedging policies, using key performance indicators to reduce document transfer times, increasing treasury influence over trade finance, and including trade finance data in cash flow forecasts. Centralizing trade finance can enhance control, consistency, and leverage buying power with banks.
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The document discusses corporate treasury functions and trade finance. It outlines 10 highlights from a trade finance survey. Treasury departments are meant to reduce risks like interest rate, credit, currency, commodity, and operational risks. Trade finance describes managing money and assets for international trade transactions. The highlights include topics like centralizing the trade finance process, integrating trade finance with cash management, measuring discrepancies, mapping processes, and including trade finance data in cash flow forecasting.
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This document provides an overview of treasury management functions including integrated treasury, front office, mid office, and back office responsibilities. It also summarizes various money market instruments like certificates of deposit, commercial paper, treasury bills, and call money markets. Key concepts around treasury risk management like CRR, SLR, yield curves, and VaR are defined. Foreign exchange rate quotations and principles are also briefly covered.
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1) An overview of risk management, including highlighting risks at the project, program, and portfolio levels.
2) A risk management framework involving establishing context, risk identification, analysis, evaluation, and treatment.
3) Details of risk governance, including risk management plans, risk registers, governance documents, and ongoing and discrete risk activities.
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1. Insurance involves pooling losses from many individuals so average losses can be substituted for actual losses of a few. It provides payment for unexpected, accidental losses.
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The document discusses the evolving role and functions of treasury management in organizations. It notes that the concept of treasury has shifted from being passive to more active and strategic. The key functions of treasury include framing policies, establishing treasury systems, liquidity planning, portfolio management, risk management, and facilitating both organic and inorganic growth. An integrated treasury allows for seamless operations across global markets. As financial markets globalize, funds move across borders more freely, requiring reforms and more transparent systems to allow for quick settlements and mobility of funds.
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The document discusses risk management frameworks and processes. It provides:
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Study of g sec market
The document discusses government bond markets in India. It provides data on yields for various government securities (GSecs) over 6 weeks. It also analyzes the trading of one GSec security (0738I15) over 3 weeks, comparing its price to the MIBOR benchmark rate. The analysis shows the security generally traded at a premium when the coupon rate exceeded MIBOR, and at a discount when the coupon was below MIBOR. However, there were some inconsistencies, such as when the price exceeded par value even when MIBOR was above the coupon.
Rti act
The Right to Information Act was enacted in 2005 to promote transparency and accountability in government. It relaxed restrictions on information disclosure that were previously imposed by laws like the Official Secrets Act. To effectively exercise rights under the Act, public awareness is important. Various institutions like educational institutions, government bodies, NGOs and the Central Information Commission have undertaken initiatives to educate the public about the Act through workshops, seminars, curriculum inclusion and awareness campaigns using materials like posters, pamphlets and advertisements. Widespread dissemination of information about the public's right to information is necessary to strengthen participatory democracy and good governance.
Kingfisher deccan deal
This document discusses the merger between Kingfisher Airlines and Air Deccan in India in 2007. It provides background on both airlines and outlines the key details of the merger deal, including Kingfisher acquiring a 46% stake in Air Deccan for Rs. 968 crores. The rationale for the deal included achieving operational, infrastructure, route and investment synergies to help both airlines be profitable and expand in the growing Indian market. However, the deal also faced some constraints from regulatory authorities.
Analysis of forex market
This document analyzes different types of foreign exchange rates including fixed, floating, and pegged rates. It discusses the pros and cons of each type of exchange rate. Fixed rates are set by central banks but can lead countries to become vulnerable to other economies. Floating rates are determined by market forces with less restrictions but companies must manage exchange rate fluctuations. Pegged rates aim to create stability but maintaining the peg can worsen financial crises, as seen in Mexico, Asia, and Russia in the 1990s. Overall, floating rates have proved more efficient in determining long-term currency value.
Target costing
The document discusses target costing, which is a cost management tool used to reduce product costs over the entire lifecycle. It involves cross-functional teams working to design products that meet customer needs within a target cost. The document outlines the target costing process and provides an example of how target costing was applied to reduce the costs of a pump design through value engineering and component cost analysis.
Indian paint industry
The paint industry in India is worth US$1400 million, with the organized sector comprising 75% of the market led by three large players - Asian Paints, Kansai Nerolac, and Berger Paints. The unorganized sector consists of around 2000 smaller manufacturers. Total annual production volume is 600,000 metric tons. Berger Paints has the highest gearing ratio and faces the highest market risk among the large organized players.
Treasury
Treasury departments help companies reduce risks like interest rate, credit, currency, commodity, and operational risks. Trade finance involves managing money and credit for international trade transactions. The document discusses integrating trade finance with cash management, establishing trade finance policies, measuring discrepancies in transactions, mapping trade finance processes, extending accounts payable and receivable terms using trade finance, integrating foreign exchange hedging policies, using key performance indicators to reduce document transfer times, increasing treasury influence over trade finance, and including trade finance data in cash flow forecasts. Centralizing trade finance can provide benefits like enhanced control, consistent risk policies, and leverage for better pricing from banks.
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Treasury
- 1. Treasury Parvez Rangwalla Sainatth Wagh
- 2. What is Treasury ? Treasury department are meant to reduce the risk that a company faces like Interest rates risk, Credit risk, Currency & commodity risk & Operational risk. What is Trade Finance ? The science that describes the management of money, banking, credit, investments and assets for international trade transactions..
- 3. Highlights Trade Finance Survey 2009: 1. Management Structure 2. Integration Between Trade Finance and Cash Management 3. Trade Finance Policies 4. Measuring Discrepancies 5. Mapping Processes 6. Extending DPO and DSO Through Trade Finance 7. Integration of FX Hedging Policies 8. Using KPIs to Reduce Lead Times in Document Transfer 9. Treasury Influence 10. Including Trade Finance Data in Cash Flow Forecasting
- 4. 1. Management Structure The major benefits companies would see from the centralization of their trade finance process are: 1. Enhanced control, attained when one individual or department takes responsibility and has an overview of the whole company's process. 2. More consistent implementation of risk mitigation policies - again achieved when one individual overseas the process. 3. Ability to leverage their buying power with banks, enabling them to obtain better transaction pricing and, to a certain extent, risk pricing. Some of the negative consequences due to lack or limited centralization are non-homogeny process and procedures leading to higher cost of operation plus diminishing competence.
- 5. 2. Integration Between Trade Finance and Cash Management
- 6. 3. Trade Finance Policies 4. Measuring Discrepancies Measuring discrepancies is a key part of using LCs, since their purpose is to safeguard against any error in the transaction, both from a financial and a logistical point of view.
- 7. 5. Mapping Processes Collecting real-time data and making effective use of it regarding manufacturing status, shipping status, costs, financing and receipt is one of our major concerns 6. Extending DPO and DSO Through Trade Finance CCC = DIO + DSO – DPO 7. Integration of FX Hedging Policies FX hedging policy is integrated with their trade finance policy. Better control over trade flows will enable companies to hedge more effectively. 8. Using KPIs to Reduce Lead Times in Document Transfer
- 8. 9. Treasury Influence 10. Including Trade Finance Data in Cash Flow Forecasting
- 9. Thank You