You are here: Home Launching Treasury Academy

Launching Treasury Academy

Treasury Services has launched an online e-learning Treasury Academy. The e-learning Treasury Academy enables you to decide when, where and how you want to follow training courses. Training courses are instantly available through our secured platform.

Treasury Services still also offers in-company training courses. In-company courses can be tailored to your needs and workshops from your own business can be included to make the training course even more practical for your specific situation.

In this article we supply an overview of the training courses available at the moment the e-learning Treasury Academy is launched. As the program is under constant development, the actual training courses being offered in the e-learning Treasury Academy may have changed.

Go to the online e-learning Treasury Academy


1. Foreign Exchange Risk Management

“A practical approach to identifying, quantifying and managing foreign exchange risk”

Description: different kinds of foreign exchange risk are explained with different risk characteristics and the impact on the quantification of the risk and the hedging process in terms of hedging instruments and hedging techniques.

Objectives: The participant may expect that after having followed the training:

  • Has sufficient knowledge to correctly identify, quantify and manage foreign exchange exposures.
  • Has an understanding of how to construct transfer prices and export prices, taking into account the cost price of risk.
  • Has an understanding of the foreign exchange market:
    • FX Spot
    • FX Forward
    • FX Swaps
    • FX Options
  • Can make a choice in specific situations to create the best solution for his / her organisation

Level: no prerequisites required

Audience: People working in treasury, front- and back-officers, controllers, risk controllers, exporters, sales people, purchasers, auditors, accountants and anyone who is active in an international market and wants to become more skilled in managing the foreign exchange risk aspects.


2. Foreign Exchange Options

Description: The training explains foreign exchange options, what volatility is and where it can be used for, option valuations, risk sensitivities of options, market price behaviour of options and the risk control framework on options.

Objectives: The participant may expect that after having followed the training:

  • Has an understanding of the options market.
  • Has an understanding of the theory and the mathematics of options
  • Can calculate fair values, mark-to-market and risk sensitivities of options.
  • Has an understanding of how risk control procedures should be set up.
  • Has an understanding of volatility and how it can be used to analyse foreign exchange markets.
  • Can determine the added value of different option strategies.
  • Can make a choice in specific situations to create the best solution.

Level: reasonable mathematical skills are required. It is recommended to follow the training “Foreign Exchange Risk Management” first.

Audience: People working in treasury or in a risk control function, front- and back-officers, traders, risk managers, auditors, accountants.


3. Managing Strategic Foreign Exchange Risk

“For many years, newspapers showed profit warnings, earnings reports being far less than expected, and even bankruptcies from companies who are all brilliant in their markets, but all in problems with their financial risks. With this training we will show that you are able to eliminate these problems, proving that statements like 'these risks cannot be hedged' are false.”

Description: This is an advanced training about the management of structural long term foreign exchange risks (time horizon of, say, 10 years).

Objectives: The participant may expect that after having followed the training:

  • Understands how to identify and quantify strategic foreign exchange risks.
  • Understands how to create hedges for strategic foreign exchange risks and how these hedges should be monitored.
  • Understands how to set up a control framework on the hedging of strategic foreign exchange risks.

Level: this training assumes that you have the knowledge from the training “Foreign Exchange Risk Management” and “Foreign Exchange Options”. This training requires good mathematical skills.

Audience: treasurers, front- and back-officers, risk managers, financial officers, auditors and accountants.


4. Commodity Price Risk Management

“The high volatility in commodity prices will affect the volatility in your earnings. This may affect your rating, your company’s value as perceived by credit analysts and investors.”

Description: The training explains how to correctly identify commodity price risk and the impact on the quantification of the risk. In this training the base metal market and the precious metal market is taken as an example. Different kinds of commodity price risk are explained with different risk characteristics, which again has an impact on the hedging process in terms of hedging instruments and hedging techniques.

Objectives: The participant may expect that after having followed the training:

  • Has sufficient knowledge to correctly identify, quantify and manage commodity price risks in his / her function
  • Can calculate the actual cost of commodity transactions in specific situations.
  • Has an understanding of commodity exchanges.
  • Can make a choice in specific situations to create the best solution.
  • Can set up a framework to become in control over commodity price risks.

Level: no prerequisites required

Audience: Purchasers of commodities, treasurers, risk managers, front- and back-officers, controllers, auditors, accountants and people involved in cost price calculations.


5. Interest Rates and Interest Rate Risk

“Insufficient knowledge of yields, yield conventions and yield curves can cost you big amounts of money, as institutions will play with these to make their offers look cheaper than they really are.”

Description: This training explains the theory behind bond pricing, yields, and the use of different yield conventions. The basis for present valuing is explained after which the use and construction of different yield curves and the discount curve is explained. Thereafter interest rate risk management is explained.

Objectives: The participant may expect that after having followed the training:

  • Has an understanding of yields, yield conventions and interest rate markets.
  • Has an understanding of yield curves, zero-coupon curves, forward curves and discount curves.
  • Has sufficient knowledge to analyse and compare different financing instruments.
  • Can make a choice in specific situations to create the best solution.
  • Has an understanding of interest rate exposures.
  • Has knowledge to quantify and manage interest rate risk exposures.

Level: This training requires reasonable mathematical skills.

Audience: treasurers, front- and back-officers, controllers, financial managers, risk managers, people in corporate finance functions and leasing, auditors and accountants.


6. Modern Bootstrapping

“The pricing of derivatives and the calculation of risks, fair value and market-to-market of financial products has changed. Multiple curve bootstrapping has arrived!”

Description: This is an advanced training about how to construct a correct discount curve and forward interest rate curves via dual curve bootstrapping and how to use these curves in derivatives pricing and the calculation of risks, fair values and market-to-market of financial products.

Objectives: The participant may expect that after having followed the training:

  • Is aware of the recent changes in derivatives pricing and financial calculations.
  • Knows how to construct a discount curve and knows how to use it.
  • Knows how to construct forward yield curves and knows how to use them.
  • Has knowledge to set up a risk control framework for interest rate environments.
  • Has acquired the skills to develop advanced interest rate risk management techniques.

Level: This advanced training requires good mathematical skills. This training assumes that you have the knowledge about the training “Interest Rates and Interest Rate Risk”.

Audience: treasurers, front- and back-officers, controllers, financial managers, risk managers, people in corporate finance functions and leasing, auditors and accountants.


7. Interest Rate Derivatives

“Derivatives have changed the way how corporates and asset-managers obtain finance and how they manage risk. Most bond issues are swap-related, structured finance deals are constructed with derivatives, corporates use derivatives to manage their interest rate exposures or lower their interest expenses, and asset-managers are using derivatives in addition to capital market products such as bonds and private placements.”

Description: This is an extensive training covering interest rate derivatives: FRA’s, different kinds of Swaps, Caps & Floors and Swaptions.

Objectives: The participant may expect that after having followed the training:

  • Has an understanding of how the derivatives market works, technicalities used in the derivatives market and the market position of different market participants.
  • Has an understanding of how derivatives can benefit the organisation.
  • Can apply innovative derivative structures with the purpose to decrease interest expenses and / or to manage interest rate exposure.
  • Has an understanding of the concept of “Comparative Advantage” and its importance for the organisation. The participant will be learnt how the “Comparative Advantage” can be exploited to benefit the company.
  • Has an understanding of the basic mathematics for derivatives, structure and determine the cash flows of derivatives, calculate derivative exposures, calculate the credit risk of derivatives and calculate fair values of derivatives.
  • Has an understanding of the accounting and tax implications of derivatives.
  • Has an understanding of documentation issues of derivatives.

Level: This extensive training assumes that you have the knowledge of the training “Interest Rates and Interest Rate Risk”. Knowledge of the training “Modern Bootstrapping” is preferred but not required.

Audience: financial management, treasurers, front- and back-officers, people working in corporate finance, structured finance and leasing, cash managers, asset-managers, dealers and portfolio managers from financial institutions, auditors and accountants.


8. Cash Management

“The cash management structure in a treasury organisation is critical while looking for synergy, cost savings, optimising the risk management function and the corporate finance function!”

Description: This training explains how a cash management organisation can be built and how a cash management structure can be managed effectively and efficiently.

Objectives: The participant may expect that after having followed the training:

  • Has an understanding of different cash management structures with their advantages and disadvantages.
  • Has sufficient knowledge to set up or adapt a cash management structure that best fits in the organisation.
  • Can built and manage a cash management portfolio with the objective to create synergy and cost savings.
  • Can integrate inter-company finance, external finance and foreign exchange hedging from operations in the cash management portfolio with the objective to create synergy.

Level: no prerequisites required. Background in finance is welcome.

Audience: financial management, treasurers, cash managers, front- and back-officers, controllers, risk controllers, auditors, accountants

Go to the online e-learning Treasury Academy