Understanding Corporate Treasury for HAs

Duration: 3 Days
Location: London

Course Dates (3 days):

  • 5th – 7th March 2018  London
  • 26th – 28th September 2018 London

Course Fees

  • £995 + VAT (includes all refreshments, lunch and course documentation.)

PDF Brochure

The brochure also incorporates a booking form for you to complete and return to FSMD.

Course Goal

Understanding Corporate Treasury for Housing Associations is an intense three-day course providing a comprehensive overview of treasury/finance for new entrants to the function and for existing staff who need to broaden their understanding.

The course is also suitable for professionals who interface with treasury/finance and who need to understand its role, key functions and business drivers, eg internal accounting and audit, development/business planning and IT.

Specific Objectives

  • to explain the role and the key functions of treasury
  • to demonstrate how the nature of the business dictates the agenda for treasury
  • to describe bank, capital and derivative markets
  • to discuss policies and controls for risk management and funding


This is a “taught” course which follows a workshop format and requires the active participation of attendees.

The focus throughout is on the practical application of treasury skills.

Pre-Course Reading

Pre-course reading is distributed prior to the course in the interests of creating a level playing field and providing orientation.

Summary Content

  • Overview of HA Treasury & Finance
  • Funding: Bank, Bond, Credit Rating
  • Liquidity management
  • Risks: Interest, Counterparty, Currency
  • Treasury Management & Business Planning

The content is intended to be professionally relevant, intellectually rigorous and comprehensive.

The Tutors

Jim Byrne is a founder director of FSMD and has more than 25 years’ experience of working worldwide with corporates, banks and HAs in treasury, ALM and financial management as a trainer and consultant.

Until 2011 he was a non-executive director of a large housing association and chaired its Financial Services Committee. He is also a Fellow of The ACT.

Richard Peck Richard Peck has over 20 years’ experience with FSMD, delivering training programmes for UK and European corporates, banks
and HAs covering credit, corporate finance, treasury and financial modelling.

He is responsible for the ongoing development of FSMD’s varied financial analysis software packages, eg models for lending banks, and corporates in the social housing sector for the Regulator and individual HAs.

Gordon Ibbotson is a Non-Executive Member of the Board of Your Housing Group and Chairs the Audit and Risk Committee. He is also Non-Executive Director of FSMD and Chief Examiner in Corporate Finance for the Association of Corporate Treasurers.

He was an executive director of FSMD for 24 years, specialising in corporate finance, credit, treasury and financial model building.

Richard Smith is Assistant Group Treasurer, Mondi plc. Prior to this he was Deputy Group Treasurer of the Carphone Warehouse Group plc and was responsible for treasury issues in UK and Europe.

He has 15 years’ experience in treasury, having previously worked for TI Automotive limited, United Utilities PLC and Railtrack PLC.

Mondi plc is a FTSE 100 international manufacturer of paper and packaging, with sales of EUR 5.8bn, debt of EUR 1.9bn and rated BBB-.

Course Timetable

Day 1Day 2Day 3

Understanding Corporate Treasury – Day 1

8.30 – 9.00 Registration and Coffee
9.00 – 9.10 Introduction
9.10 – 10.45 Overview of Treasury & Finance

  • Role of treasury
  • Context: economic, regulatory
11.00 – 12.30 Funding

  • Bank debt
  • Bank regulation, legacy issues
12.30 – 13.30 Lunch
13.30 – 15.00 Funding

  • Credit ratings
  • Capital market debt
15.15 – 17.00 Risk Management: Liquidity

  • Objectives
  • Cashflow dynamics
  • Cashflow forecasting

Understanding Corporate Treasury – Day 2

9.00 – 10.45 Funding Management

  • Practitioner : funding,cost of capital and credit ratings
11.00 – 12.30 Treasury Management

  • Practitioner: control, treasury management systems
12.30 – 13.30 Lunch
13.30 – 15.00 Risk Management

  • Interest rate risk
  • Derivatives
15.15 – 17.00 Risk Management

  • Counterparty risk
  • Currency risk

Understanding Corporate Treasury – Day 3

9.10 – 10.45 Cost of Capital

  • Risk and return in social housing
  • Capital structure, cost of capital
11.00 – 12.30 Project Appraisal

  • Use of DCF
  • Cash flow analysis
  • Sensitivities
12.30 – 13.30 Lunch
13.30 – 15.00 Treasury Management, Business Planning

  • Business planning & development
15.15 – 17.00 Treasury Management, Business Planning

  • Planning for a new future

Reserve a Place

If you would like to provisionally book a place on the Understanding Corporate Treasury course, please fill in the form below. Alternatively, download the PDF brochure and booking form at the top of the page.

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Cancellation Period

    • Cancellations received 30 days prior to course commencement will be eligible for a refund less an administration charge of £50.
    • After this time no refund can be made although a substitute delegate is acceptable
    • FSMD reserves the right to cancel any of its courses. Either full refunds will be given OR a reserved place on the next available course.

Registration Fee

The registration fee includes participation on the course, documentation, lunch and refreshments throughout the day.

A VAT invoice will be issued to confirm your booking and joining instructions will be sent seven days before the course.