Directive and Treasury operations: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Added links to ACT Competency Framework and Technical skills)
 
Line 1: Line 1:
''European Union law''.
==Treasury operations infrastructure==
An act of European Union (EU) law having indirect effect in relevant member states.
The member states affected by the EU Directive are required to implement the directive domestically, but they are free to choose the form and method for doing so.


== See also ==
The treasury function must be set up to support the business. This includes structuring the function to reflect the needs and culture of the organisation, establishing a framework of policies and procedures which enable the treasury to be resilient to external shocks (disaster recovery) to function effectively, and build strong relationships with the business and financial institutions.
* [[Decision]]
* [[European Union ]]
* [[Regulation]]
* [[Secondary legislation]]
* [[Solvency II]]


==Financial products and markets==
A thorough understanding of the various financial markets and related instruments is core to treasury. Familiarity with the intricacies of transacting such products and the risks and benefits they offer the business, as well as the ability to explain products to non-treasury members of the organisation are key.
==Technology==
The use of technology can improve the accuracy and security of treasury transactions, and deliver solutions to manage payments infrastructures, disaster recovery and automation. The wide range of systems products available need to be thoroughly evaluated to ensure they meet the requirements of the organisation. Systems must be aligned to the treasury's delegated powers, policies, procedures and audit requirements to be effective.
==Cash management==
Efficient cash management is crucial to the long term success of the organisation. This involves identification and implementation of a) cash management solutions for day to day funding of operating units (e.g. sweeps, pools, remittance factories, shared service centres, in-house banks) and b) mechanisms for remitting cash across a group (e.g. royalties, dividends, loans, intra-group trade).
==Liquidity management==
Liquidity management focuses on the organisation's short term need to meet payments as they fall due. This can be achieved through the development of accurate cash flow forecasting solutions, and the management of working capital and external sources of funds to ensure resilience.
==Trade finance==
Trade finance relates to operational cash flows and specifically to supporting customer and supplier transactions. Trade finance solutions (e.g. letters of credit, bank guarantees, performance bonds, export finance) manage the risks which arise with cross border trading. It also covers supply chain finance (e.g. factoring and customer finance solutions).
==See also==
* [[ACT Competency Framework]]
* [[Technical skills]]
[[Category:Treasury_operations]]

Revision as of 15:45, 5 December 2014

Treasury operations infrastructure

The treasury function must be set up to support the business. This includes structuring the function to reflect the needs and culture of the organisation, establishing a framework of policies and procedures which enable the treasury to be resilient to external shocks (disaster recovery) to function effectively, and build strong relationships with the business and financial institutions.

Financial products and markets

A thorough understanding of the various financial markets and related instruments is core to treasury. Familiarity with the intricacies of transacting such products and the risks and benefits they offer the business, as well as the ability to explain products to non-treasury members of the organisation are key.

Technology

The use of technology can improve the accuracy and security of treasury transactions, and deliver solutions to manage payments infrastructures, disaster recovery and automation. The wide range of systems products available need to be thoroughly evaluated to ensure they meet the requirements of the organisation. Systems must be aligned to the treasury's delegated powers, policies, procedures and audit requirements to be effective.

Cash management

Efficient cash management is crucial to the long term success of the organisation. This involves identification and implementation of a) cash management solutions for day to day funding of operating units (e.g. sweeps, pools, remittance factories, shared service centres, in-house banks) and b) mechanisms for remitting cash across a group (e.g. royalties, dividends, loans, intra-group trade).

Liquidity management

Liquidity management focuses on the organisation's short term need to meet payments as they fall due. This can be achieved through the development of accurate cash flow forecasting solutions, and the management of working capital and external sources of funds to ensure resilience.

Trade finance

Trade finance relates to operational cash flows and specifically to supporting customer and supplier transactions. Trade finance solutions (e.g. letters of credit, bank guarantees, performance bonds, export finance) manage the risks which arise with cross border trading. It also covers supply chain finance (e.g. factoring and customer finance solutions).


See also