# Treasury and Financial Risk Management

> Manage currency, interest-rate, liquidity and counterparty risk with sound policies, hedging instruments and controls.

- **Provider:** Afriskora Training Solutions
- **Category:** Finance, Accounting & Audit
- **Duration:** 5 days
- **Formats:** classroom (cities across Africa), live virtual (Zoom/Teams), in-house for teams
- **Certificate:** Afriskora Certificate of Completion, verifiable online
- **Booking:** request dates and a quote; invoice and EFT payment
- **Web page:** https://afriskora.co.za/courses/finance-accounting-audit/treasury-and-financial-risk-management
- **Request dates:** https://afriskora.co.za/request-training?course=treasury-and-financial-risk-management

## Overview

Volatile exchange rates, high interest rates and tight liquidity make treasury risk a board-level issue for African companies and public entities. This course covers how to identify and measure financial risks, set a treasury policy, use forwards, swaps and options appropriately, and control treasury operations. Case studies include importers exposed to the US dollar and utilities with foreign-currency debt.

## Who should attend

- Treasurers and treasury dealers
- CFOs and finance managers
- Risk managers and internal auditors
- Debt managers in public entities

## Learning outcomes

- Identify and quantify currency, interest-rate and liquidity exposures
- Write a treasury risk policy with clear limits and authorities
- Select suitable hedging instruments and evaluate their cost
- Manage counterparty and bank-relationship risk
- Implement treasury controls, reporting and hedge accounting basics

## Course outline

### Day 1: Treasury risk landscape

- The treasury function and its risks
- Exchange-control rules in African markets
- Exposure identification
- Risk appetite and policy

### Day 2: Currency risk

- Transaction, translation and economic exposure
- Forwards and natural hedges
- Currency options
- Hedging case study

### Day 3: Interest-rate and debt risk

- Fixed versus floating funding
- Interest-rate swaps and caps
- Debt portfolio management
- Covenant management

### Day 4: Liquidity and counterparty risk

- Cash forecasting and buffers
- Investment policy for surplus cash
- Bank counterparty limits
- Contingency funding plans

### Day 5: Control and reporting

- Segregation of duties in treasury
- Treasury management systems
- IFRS 9 hedge accounting essentials
- Board treasury reporting