Payments and Cash Management

• bank staff dealing with corporate clients;
• project staff and IT consultants supporting financial institutions in system implementation and business reorganization projects;
• the administrative staff of SMEs and corporates;
• accountants, consultants and operational/IT staff working for payment processors.

Day 1

Morning:

Domestic payments

• What is cash payment and how did giro payments come to exist?
• What is the function of clearing and how does it work today for domestic payments?
• What is the role of the NBB in clearing and what is its current role in domestic payments?
• How do banks calculate their rates and what interest rates do they generally apply?
• What are the principle payment products and what is the routing?
• What are on-line payments and what other developments characterize domestic payments?
• What are the laws and regulations which govern payments?

Afternoon:

European payments / SEPA

• In which way are European payments are processed?
• What is the function of Target2, EBA (Euro1, Step1 and Step2) in clearing and settlement?
• What are the issues connected to the current way of making payments?
• Objectives and calendar of SEPA.
• What other options, besides Target2/EBA, exist for clearing and settling European payments?
• Introduction to the new SEPA products; SEPA Credit Transfer and SEPA Direct Debit.
• Impact of the Payment Services Directive on payments since November 2009.
• SEPA and the strategic aspects for banks.

Day 2

Morning:

International payments and SWIFT.

• What are the prerequisites for offering global payments to customers?
• Routing of locally initiated £ payments.
• Routing of locally initiated USD payments to a third party in Europe.
• Continuous Linked Settlement (CLS) for settling foreign exchange transactions.
• SWIFT: history, services and types of messages.
• The new SWIFT standard: UNIFI ISO 20022 XML.
• Detailed principles of value dating.
• Cheque payments and clearing.

Afternoon:

The principles of Working Capital and Cash Management.

• How can prudent cash management serve the company's objectives?
• Working capital management as a basis for cash management.
• Cash Conversion Cycle as an instrument of cash management.
• Actions related to Cash flow management (Netting).
• Advantages of payments centralization.
• Different types of Cash Pooling.
• Cross Border Sweeping.
• Pooling and credit facilities.
• Liquidity management.

1 session

Payments and Cash Management 2011