Course Details in 2022/23 Session

Module Title	LM International Treasury Management
School	Birmingham Business School
Department	Finance
Module Code	07 37227
Module Lead	Yusuf Hartavi
Level	Masters Level
Credits	20
Semester	Semester 2
Pre-requisites
Co-requisites
Restrictions	None
Contact Hours	Lecture-30 hours Tutorial-10 hours Guided independent study-160 hours Total: 200 hours
Exclusions
Description	The aims of the module are to equip students with the knowledge and skills for managing cash, liquidity and treasury departments in local and multinational organisations and to also give them critical knowledge of the structure and operations of financial markets and institutions worldwide. Topics that will be considered will include the structure, organisation, operations and functions of a treasury department. An overview of the financial markets and institutions worldwide. The roles of central banks, commercial banks, investment banks and non-bank financial institutions in financial markets. Government’s influence on exchange rates and interest rates. Foreign exchange markets structure, participants, dealing conventions, foreign exchange rate theories and their application(s). The concepts of cash and liquidity management, the benefits of cash flow forecasting, the methods that are often used to determine discretionary and non-discretionary cash payments and receipts in different businesses, and forecast cash flows. Working capital cycle, and the impact that changes in working capital may have on the liquidity of a business. Techniques for establishing counterparty credit limits, debt and equity issuance and documentation procedures, credit rating, managing bank relationships, intra group funding, alternative funding solutions, including the use of financial technologies, crowd funding and cryptocurrency markets, securitisation, digital/AI financing, ESG/sustainable/green financing, emerging markets finance will also be covered. Cash and liquidity management strategies, treasury operations and controls – including treasury systems, policy, objectives, corporate governance, controls, ethics and reporting, as well will be considered.
Learning Outcomes	By the end of the module students should be able to: Critically determine how a treasury department should be organised locally and/or internationally in order to achieve its key performance indicators efficiently, the environment in which treasury professionals work and the processes and controls needed to enable a treasury department run effectively; Critically determine alternative funding solutions that a firm can use locally and/or internationally, including financial technologies, crowd funding and cryptocurrency markets, and know the strengths and limitations of each solution; Evaluate various strategies that can be used to manage relationships with banks, other creditors and shareholders globally; Assess equity and debt issuance and documentation procedures and records; Critically review the types of treasury technology that are available locally and internationally and how technology can be used effectively when carrying out treasury activities; And select the most appropriate management solutions, including payments systems, in order to safeguard the organisation’s cash and optimise its net interest expense or income, while maintaining the organisation’s operational flexibility and its reputation locally and internationally.
Assessment	37227-01 : Continuous assessment(s) : Coursework (20%) 37227-02 : 12 minute group video : Coursework (30%) 37227-03 : 2 hour exam : Exam (School Arranged) - Written Unseen (50%)
Assessment Methods & Exceptions	Main assessment: a) Continuous assessment(s) (20%); b) a 12 minute group video (30%); and c) a 2 hour exam (50%). Reassessment: Students who fail the module will resit the failed component(s) only: (a) a 1 hour MCQ test (20%); (b) a 1,500 words individual assignment (30%) and (c) a 2 hour exam (50%).
Other
Reading List