{"product_id":"the-handbook-of-global-corporate-treasury-isbn-9781118122839","title":"The Handbook of Global Corporate Treasury","description":"\u003cb\u003eA complete guide to operating a corporate treasury from a global perspective\u003c\/b\u003e \u003cp\u003eFor CFOs and treasurers looking to re-align their treasuries with the growth of the global firm, bankers who seek to maximize the value they create for clients, treasury and finance firm employees, and even finance students, this book provides an easy-to-read approach to this exciting and increasingly complex world. It includes a toolkit that gives practitioners a reference point that they can adapt immediately for use in their firms, providing a low-cost, high-efficiency advisory solution they previously lacked.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers a uniquely global perspective unlike most books on the subject, which tend to focus on the US market\u003c\/li\u003e \u003cli\u003eIncorporates a bottom-up, segmented approach that uses fundamental building blocks to form a comprehensive overview of corporate treasury\u003c\/li\u003e \u003cli\u003eIncludes a toolkit that provides a ready foundation for learning based on checklists, templates, and scorecards that can be adapted and customized to the needs of an individual firm\u003c\/li\u003e \u003cli\u003eWritten by an author with more than 13 years working in different aspects of corporate and institutional banking, from capital markets to transaction services\u003c\/li\u003e \u003cli\u003eWritten by an author who has spent many years working\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Handbook of Global Corporate Treasury \u003c\/i\u003eserves as a ready reference for anyone interested in the nuances and practicalities of the complex world of corporate treasury.\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: the World of Corporate Treasury 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Role of Treasury in a Global Corporation 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroducing Treasury Leadership 4\u003c\/p\u003e \u003cp\u003eOrganisation Structure and Responsibilities 6\u003c\/p\u003e \u003cp\u003eTreasury Functions and Responsibilities 10\u003c\/p\u003e \u003cp\u003eKPIs and Deliverables 15\u003c\/p\u003e \u003cp\u003eA Day at the Office—What Does the Treasurer Do? 17\u003c\/p\u003e \u003cp\u003eSummary 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Treasury Design 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Elements of Treasury Design 22\u003c\/p\u003e \u003cp\u003eIntroducing Centralisation 24\u003c\/p\u003e \u003cp\u003eEvolution of Treasury Models 25\u003c\/p\u003e \u003cp\u003eSummary 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Treasury Culture 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eQualities 38\u003c\/p\u003e \u003cp\u003eGeneral Skills 40\u003c\/p\u003e \u003cp\u003eTechnical and Work-Related Skills 41\u003c\/p\u003e \u003cp\u003eThe Many Hats of the Treasurer 43\u003c\/p\u003e \u003cp\u003eSummary 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Importance of Operations and Control Efficiency 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTools 45\u003c\/p\u003e \u003cp\u003eDifferent Offices: Front, Middle, and Back 48\u003c\/p\u003e \u003cp\u003eSummary 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: Transactions and Cash Management 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Account Management and Structure 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePutting an Account Structure in Place 58\u003c\/p\u003e \u003cp\u003eAccount Operation and Approaches 62\u003c\/p\u003e \u003cp\u003eRationalising Account Structures 65\u003c\/p\u003e \u003cp\u003eExamples of Account Structures Across Sectors 68\u003c\/p\u003e \u003cp\u003eSummary 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The Movement of Money 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoney Transfer Mechanisms 71\u003c\/p\u003e \u003cp\u003eDomestic Clearing and Settlement Systems 75\u003c\/p\u003e \u003cp\u003eCross-Border Payments and Collections 83\u003c\/p\u003e \u003cp\u003eSummary 94\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Netting 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction and Concepts 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNetting Implementation 101\u003c\/p\u003e \u003cp\u003eBenefits and Caveats of a Good Netting Solution 106\u003c\/p\u003e \u003cp\u003eSummary 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Liquidity Management Introduction and Float 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroducing Liquidity Management 109\u003c\/p\u003e \u003cp\u003ePooling as a Concept 111\u003c\/p\u003e \u003cp\u003eFloat and Its Causes 111\u003c\/p\u003e \u003cp\u003eSummary 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Cash Pooling and Efficiency 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Concentration Structures 123\u003c\/p\u003e \u003cp\u003ePooling Structures 127\u003c\/p\u003e \u003cp\u003eImplementation Aspects of Concentration Structures 130\u003c\/p\u003e \u003cp\u003eSummary 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Cash Flow Forecasting 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForecasting in the Context of Liquidity Management 135\u003c\/p\u003e \u003cp\u003eForecasting Methods 139\u003c\/p\u003e \u003cp\u003eSummary 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three: Balance Sheet and Liquidity Management 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Liquidity and Working Capital 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWorking Capital in the Operating Cycle 148\u003c\/p\u003e \u003cp\u003eCash Conversion Cycle 149\u003c\/p\u003e \u003cp\u003eFinancial Supply Chain and Its Potential Pain Points 158\u003c\/p\u003e \u003cp\u003eSummary 168\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Financial Strength and Linkages with Liquidity 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImportance of Company Financials 169\u003c\/p\u003e \u003cp\u003eKey Financial Ratios 171\u003c\/p\u003e \u003cp\u003eSummary 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Sources of Capital 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Markets 195\u003c\/p\u003e \u003cp\u003eCapital Structure 197\u003c\/p\u003e \u003cp\u003eFactors in the Capital Decision 199\u003c\/p\u003e \u003cp\u003eDebt Capital Markets 203\u003c\/p\u003e \u003cp\u003eEquity Capital Markets 205\u003c\/p\u003e \u003cp\u003eSummary 211\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Financing the Supply Chain 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhysical and Financial Supply Chains 213\u003c\/p\u003e \u003cp\u003eDifferent Financing Solutions 215\u003c\/p\u003e \u003cp\u003eSummary 225\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Managing Operating Cash and Investments 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDifferent Elements of Cash 227\u003c\/p\u003e \u003cp\u003eManaging Operating Cash 228\u003c\/p\u003e \u003cp\u003eSurplus Cash and Investments 230\u003c\/p\u003e \u003cp\u003eConsiderations and Aspects of Investment Decisions 230\u003c\/p\u003e \u003cp\u003eInvestment Process 237\u003c\/p\u003e \u003cp\u003eSummary 237\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Credit Ratings and Bank Credit Assessment 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCredit Ratings 239\u003c\/p\u003e \u003cp\u003eCredit Rating Methodology 243\u003c\/p\u003e \u003cp\u003eBank Credit Assessment Process 247\u003c\/p\u003e \u003cp\u003eImportant Focus Areas and Discussion Points with Banks During Credit Reviews 252\u003c\/p\u003e \u003cp\u003eSummary 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four: Markets and Risk Management 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Art and Science of Risk Management 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKinds of Risk 257\u003c\/p\u003e \u003cp\u003eClassical Definitions 258\u003c\/p\u003e \u003cp\u003eWhy Manage Financial Risk? 266\u003c\/p\u003e \u003cp\u003eStyles of Risk Management 269\u003c\/p\u003e \u003cp\u003eFactors Impacting Risk 270\u003c\/p\u003e \u003cp\u003eWhat Does Risk Management Do? 273\u003c\/p\u003e \u003cp\u003eObjective of Risk Management 276\u003c\/p\u003e \u003cp\u003eSummary 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Markets and Risk Aspects of Each Market 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWorld of Markets 279\u003c\/p\u003e \u003cp\u003eMovement of Markets 287\u003c\/p\u003e \u003cp\u003eSummary 289\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Risk Management in Practice: Ensuring the Right IMAGE © 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIMAGE \u003csup\u003e©\u003c\/sup\u003e Methodology 291\u003c\/p\u003e \u003cp\u003eRisk Identification 292\u003c\/p\u003e \u003cp\u003eRisk Measurement 293\u003c\/p\u003e \u003cp\u003eRisk Accounting and Reporting 314\u003c\/p\u003e \u003cp\u003eRisk Governance 315\u003c\/p\u003e \u003cp\u003eRisk Management Evaluation 320\u003c\/p\u003e \u003cp\u003eSummary 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Products for Managing Risk 323\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eForwards Family 324\u003c\/p\u003e \u003cp\u003eOptions Family 333\u003c\/p\u003e \u003cp\u003eSwaps Family 346\u003c\/p\u003e \u003cp\u003eCredit Family 351\u003c\/p\u003e \u003cp\u003eSummary 353\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Combining the Products to Manage Risk: Risk Governance 355\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDevising Risk Strategy Using Products 356\u003c\/p\u003e \u003cp\u003eUsing Products to Manage Risk 358\u003c\/p\u003e \u003cp\u003eCredit Risk 362\u003c\/p\u003e \u003cp\u003eLiquidity Risk: Balance Sheet and Asset-Liability Management 363\u003c\/p\u003e \u003cp\u003eUse of Analysis 364\u003c\/p\u003e \u003cp\u003eOperations and Technology Risk 367\u003c\/p\u003e \u003cp\u003eLegal and Compliance Risk 367\u003c\/p\u003e \u003cp\u003eSummary 374\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Risk Management Governance Strategies 375\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Elements of the Governance Strategy 375\u003c\/p\u003e \u003cp\u003eSample Strategy A 377\u003c\/p\u003e \u003cp\u003eSample Strategy B 378\u003c\/p\u003e \u003cp\u003eSample Strategy c 381\u003c\/p\u003e \u003cp\u003eSummary 386\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Operational Aspects: Documentation and Execution 387\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDocumentation 387\u003c\/p\u003e \u003cp\u003eISDA Framework of Documents 388\u003c\/p\u003e \u003cp\u003eExecution 392\u003c\/p\u003e \u003cp\u003eSummary 394\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five: the Toolkit 395\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Treasury Policy 397\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFramework 397\u003c\/p\u003e \u003cp\u003eAspects of Policy Implementation That Need Closer Scrutiny 398\u003c\/p\u003e \u003cp\u003eReview 399\u003c\/p\u003e \u003cp\u003eImplementational Aspects 400\u003c\/p\u003e \u003cp\u003eSummary 401\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25: Treasury Systems 403\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTreasury Management System Background 403\u003c\/p\u003e \u003cp\u003eSome System-Related Questions 410\u003c\/p\u003e \u003cp\u003eTMS Establishment Process 411\u003c\/p\u003e \u003cp\u003eDevelopments and Standards 417\u003c\/p\u003e \u003cp\u003eSummary 423\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26: Centralisation 425\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRationale for Centralisation 425\u003c\/p\u003e \u003cp\u003eBasic Model Design 427\u003c\/p\u003e \u003cp\u003ePost-Model Design Stage 429\u003c\/p\u003e \u003cp\u003eBarriers to Centralisation 429\u003c\/p\u003e \u003cp\u003eSummary 430\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27: Key Performance Metrics for a Treasury 431\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroducing Performance Metrics 431\u003c\/p\u003e \u003cp\u003eSome Criteria for Deciding Performance Metrics 432\u003c\/p\u003e \u003cp\u003ePerformance Metrics 434\u003c\/p\u003e \u003cp\u003eSome Caveats on Metrics and Evaluation 437\u003c\/p\u003e \u003cp\u003eSample Treasury Performance Metrics 438\u003c\/p\u003e \u003cp\u003eTreasury Fitness 441\u003c\/p\u003e \u003cp\u003eSummary 441\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 28: Banks and Service Relationships 443\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSample Bank Organisation Structure 443\u003c\/p\u003e \u003cp\u003eBanking Services and Products for a Corporate Treasury 446\u003c\/p\u003e \u003cp\u003eBank Selection and RFP Process 449\u003c\/p\u003e \u003cp\u003eReview Process 449\u003c\/p\u003e \u003cp\u003eService and Relationship Management 454\u003c\/p\u003e \u003cp\u003eSummary 456\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 29: Operations and Control Checklist 457\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eList of Processes 457\u003c\/p\u003e \u003cp\u003eRight Control at Treasury 458\u003c\/p\u003e \u003cp\u003eControl Checks and Reviews 459\u003c\/p\u003e \u003cp\u003eSome Common Causes for Error and Control Lapses 461\u003c\/p\u003e \u003cp\u003eSummary 468\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 30: Outsourcing 469\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelection Stage 469\u003c\/p\u003e \u003cp\u003ePre-Implementation 471\u003c\/p\u003e \u003cp\u003eImplementation 471\u003c\/p\u003e \u003cp\u003ePost-Implementation 473\u003c\/p\u003e \u003cp\u003eSummary 478\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 31: Building and Sustaining a Treasury Culture 479\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvaluation 484\u003c\/p\u003e \u003cp\u003eSummary 485\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 32: Managing Treasury in Uncertain Times 487\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUncertainty and Its Impact on Treasury Management 487\u003c\/p\u003e \u003cp\u003eTriggers and Events 490\u003c\/p\u003e \u003cp\u003eSimple Method to Manage Treasury During Times of Uncertainty 491\u003c\/p\u003e \u003cp\u003eSummary 493\u003c\/p\u003e \u003cp\u003eGlossary 495\u003c\/p\u003e \u003cp\u003eFurther Reading 505\u003c\/p\u003e \u003cp\u003eAbout the Author 507\u003c\/p\u003e \u003cp\u003eAbout the Website 509\u003c\/p\u003e \u003cp\u003eIndex 511\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eRajiv Rajendra\u003c\/b\u003e runs Singapore-based Aktrea Capital, a firm that delivers high-quality, cutting-edge training, consulting, and process solutions in the areas of capital markets, treasury, and risk management. His clients include an array of financial institutions, corporations, and funds throughout the Asia Pacific region. Mr. Rajendra has several years of experience with various aspects of corporate and institutional banking—from capital markets to transaction services.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eYour complete guide to designing, running, evaluating, and improving a global corporate treasury\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn today's increasingly volatile, global business world, corporate treasurers are expected to be fully conversant in an array of core skills, ranging from money management and financial risk management, to raising capital and running balance sheets. Written by one of the Asia Pacific region's most respected experts in the field, \u003ci\u003eThe Handbook of Global Corporate Treasury\u003c\/i\u003e helps to ensure that you are.\u003c\/p\u003e \u003cp\u003eUnlike most other books on the subject, which tend to be U.S.-centric, \u003ci\u003eThe Handbook\u003c\/i\u003e takes a fully global perspective. Also unique is its \"bottom-up\" approach, covering all the building blocks of building and managing a global corporate treasury—including treasury design, account management, cash flow forecasting, risk man-agement, performance evaluation, and much more.\u003c\/p\u003e \u003cp\u003eDesigned to function as both a primer for new treasury managers and students and a working manual for busy practitioners, \u003ci\u003eThe Handbook\u003c\/i\u003e arms you with everything you need to create a robust treasury management model tailored to the unique financial, structural, and cultural realities of your organization, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA set of powerful tools for designing, managing, and measuring all aspects of your company's treasury function\u003c\/li\u003e \u003cli\u003eFascinating, instructional case studies and examples from the experiences of CFOs, treasurers, and managers at an array of global corporations\u003c\/li\u003e \u003cli\u003eIllustrations, diagrams, callouts, and boxes, strategically placed throughout, to help teach and reinforce key concepts and thought processes\u003c\/li\u003e \u003cli\u003eMany numerical examples covering the full range of mathematical and statistical aspects involved in running a global corporate treasury\u003c\/li\u003e \u003cli\u003eA companion website featuring all the tools from the book, plus valuable templates that you can customize for your organization\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Handbook of Global Corporate Treasury\u003c\/i\u003e is an indispensable resource, whether you are a CFO or treasurer of a company increasing its geographic presence, a board member in search of a fresh perspective on your company's treasury processes, an accountant or auditor trying to unravel your client's books, or a new or aspiring treasury manager looking for a quick refresher on core concepts and processes.\u003c\/p\u003e  \u003cp\u003ePraise for \u003ci\u003eThe Handbook of Global Corporate Treasury\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Mr. Rajendra has crafted an insightful look into the operations of a well-run treasury department, with particular emphasis on cash transactions and risk management. Recommended for both the initial formation and ongoing operational review of a medium-to-large corporate treasury department.\"\u003cbr\u003e —Steven Bragg, bestselling author of \u003ci\u003eAccounting Best Practices\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Rajiv is a talented writer . . . he is able to articulate in a clear and concise manner the role of a corporate treasurer and the functions of a corporate treasury. Many business and banking professionals will find this a must-read with its comprehensive coverage of the treasury's interaction with the rest of the organization.\"\u003cbr\u003e —Sim S. Lim, Singapore Country Head, DBS Bank\u003c\/p\u003e \u003cp\u003e\"The challenges faced by corporates the world over are ever increasing as a result of many adverse political, economic, and even natural disasters. In this context, the age old adage of 'Cash is King' and the significant role that the corporate treasury plays is of paramount importance. In this scenario, Rajiv's \u003ci\u003eHandbook of Global Corporate Treasury\u003c\/i\u003e is both timely and educative.\u003cbr\u003e \u003ci\u003e\"The Handbook of Global Corporate Treasury\u003c\/i\u003e is not only a valuable guide to the corporate treasurer but is a must-read for CFOs as well. The insights provided will enable the realisation of the full potential of the corporate treasury in achieving the strategic objectives of the company.\"\u003cbr\u003e —Yasantha Dissanayake, Head of Finance, SriLankan Airlines\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990249390309,"sku":"NP9781118122839","price":189.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118122839.jpg?v=1761787061","url":"https:\/\/k12savings.com\/es\/products\/the-handbook-of-global-corporate-treasury-isbn-9781118122839","provider":"K12savings","version":"1.0","type":"link"}