The International Leader in Audit and Information Security Training

EARN 30 CPE CREDITS

SAVE UP TO 50% WITH IN HOUSE TRAINING

see the back page for more information

AUDITING THE TREASURY FUNCTION

An intensive four day programme for financial institutions Internal Auditors and Risk Managers to demystify foreign exchange and money market operations - their monitoring and control 3rd - 6th December 2007, London

COURSE DIRECTOR PHIL PARKER, ACIB

Following this four day course, you will:

Understand better the business transacted in the institutions dealing room Be more aware of the use and mis-use of foreign exchange, money and derivative markets Identify, evaluate and manage risk where it originates on the dealing desk, using WINDEAL, the PC based dealing room simulator Identify early warning signals of potential problems before they adversely effect overall performance Interpret regulatory requirements, Central Bank codes of conduct, market conventions and the rationale behind in-house rule books and compliance controls

Treasury Auditing will no longer be intimidating. Thank you Phil.

Past Delegate, Commercial Bank International

WWW.MISTIEUROPE.COM

SEMINAR FOCUS AND FEATURES

3rd - 6th December 2007, London
An intensive four day programme for financial institutions Internal Auditors and Risk Managers to demystify foreign exchange and money market operations - their monitoring and control This four day seminar contains vital information for the financial institutions audit, compliance and risk management personnel. It seeks to address the overall environment of discipline so important to the control of trading activities and risks at every stage in the dealing, processing, settlement and accounting cycles. Previous participants include many Central bank auditors and regulators who have found the event an enjoyable and enlightening experience. The seminar is also popular with commercial banks internal audit and risk management departments. The seminar alerts participants to potential dangers in dealing, enabling prompt identification of risks and ensuring recommended management controls are in place, well understood and respected by all involved - from dealer through back-office personnel to the highest level of senior management. In particular the course looks at the problems which have befallen banks over the years - from Herstatt to NAB and the lessons to be learnt from each together with other frighteningly similar recurring dealing room problems. It covers a wide range of Treasury activities of which the internal auditor/risk manager must be fully aware when approaching the dealing room audit and risk management control functions immediately to your next IT audit.

DAY ONE
Auditing
External and Internal audit Role and responsibilities Preparing for the audit of Treasury

Structure of a Typical Bank's Global Markets Dealing Operation

Products traded: Foreign exchange, Money markets, Bonds and repos, Cash and Derivative markets Bank and business unit structures Front, middle and back office structures Treasury objectives

Risks in the Dealing Operation, an Interactive Brainstorming Session

Human Operational Market and Credit risks

Prerequisites
None

Learning Level
Basic to Intermediate

COURSE DIRECTOR
Phil Parker ACIB
Phil Parker, Managing Director of Lywood David International Limited has been personally involved in the international financial markets for over 40 years. Phil spent his 25 year banking career associated with the London and global dealing operations of the Lloyds Bank Group. Having actively traded for 10 years, Phil became the banks first Treasury Auditor, afterwards going on to design and develop Treasury IT systems. He then set up and managed Lloyds Banks specialist financial markets training department and has been running his own highly successful commercial training company since 1992. Through a separate company Phil has developed and markets WINDEAL dealing simulation software and WinFOREX - the unique PC based study-aid for ACI candidates. Phil is author of the FT Prentice Hall Mastering the ACI Dealing Certificate textbook, published in 2003.

"The course helped me a lot and gave me much better understanding of Treasury related issues"
Head of Audit, K & H Bank

Who Should Attend

Central Bank Banking Supervision personnel, Financial, Operational, Business applications and External auditors and Risk management personnel seeking to expand their understanding of the financial markets.

Dealing "Nasties" ... and Lessons to be Learnt

The classics: Herstatt, LBI Lugano, Barings, Daiwa, NatWest, Griffin, Allfirst etc. Recurring problems highlighted in LBI Lugano, Barings, Allfirst and NAB Lesser known problems Prevention rather than cure Warning signals and what to look for

Bonus
Leave this course with a copy of the ACI Model Code

Fee
GBP 2,099

EARN 30 CPEs

MIS Training 2007

Rules, Regulations and Management Controls

The regulatory environment and Central Bank requirements The ACI Model Code Bank of England NIP code Compliance In-house rule books Risk management responsibilities

Short Term Treasury Derivative Products Short Term Interest Rate Futures FRAs Uses in Treasury risk management (hedging) and risk creation (trading) Risks arising and their control Trading and credit limits Accounting considerations Practical Experience of Dealing Room

Beyond the Dealing Room

A day in the life of a deal Processing Settlement department Reconciliations Financial control P&L accounting practices Warning signals and what to look for

Case Study
Audit of Treasury operations: Regular trading pattern or position parking? syndicate work, solutions and debrie

Transactions Using WINDEAL Warning signals and what to look for

DAY FOUR
Foreign Exchange Derivatives
Margin trading / non-deliverable forwards / Currency options / Currency Futures / Uses in Treasury risk

Case Study Audit of Treasury operations: FRA trading via broker and FRA Mark to market rates management (hedging) and risk

DAY TWO
The Treasury Dealing Room
Structure Layout Personnel Reporting lines

- syndicate work, solutions and debrief creation (trading) Risks arising and their control

DAY THREE
Foreign Exchange
Spot and forward operations FX swaps (including interest arbitrage) dealing and Credit risk

Trading and credit limits Accounting considerations Management information reportage Warning signals and what to look for

Communications systems

Case Study
Audit of Treasury operations: Currency options - syndicate work, solutions and debrief

Information systems Accounting considerations Practical Proprietary and in-house IT systems Experience of Management Information Reportage Using

Money Market
Cash and Cash settled financial instruments

WINDEAL Warning signals and what to look for

Risk Management
Position reportage Asset and Liability management Matching and mismatching Cashflow Interest rate risk identification, interpretation and management Accounting considerations Management information reportage Balance sheet constraints Return on equity Risk assets and Capital adequacy Practical Experience of Dealing Room Transactions Using WINDEAL Warning signals and what to look for Case Study Management accounts Audit of Treasury operations: London P&L reportage points , Historic rate roll-overs and Use Other reports and mis-use of interest arbitrage Risk assessment techniques syndicate work, solutions and debrief VaR

Thank you for a great course. I especially liked the case studies. They will be very helpful in future assignments.
Head of Audit, Jyske Bank, Silkeborg

Basel II and the Central banks Capital adequacy The role of the auditor - discussion

REGISTRATION FORM

IN-HOUSE TRAINING
Save up to 50% on training
Tailored Training for your team and Save up to 50% If you have to comply with Sarbanes-Oxley, just installed a new ERP system, recruited new staff - or maybe you are keen to secure your network, take preventative measures to counteract fraud or comply with the latest legislation. Either way if you have 5 or more people who require training on the same topic, MIS can tailor training courses to meet your exact We charge per day and NOT per participant so the cost remains the same regardless of how many people you have in your team.

With In-House Training You Will:

I would like to receive information about running this course in-house

Auditing the Treasury Function

3rd - 6th December 2007, London (MT2215) GBP 2,099 - 10% discount* + VAT @ 17.5% Grand Total

5 easy ways to register

Tel: +44 (0)20 7779 8944 Fax completed form to: +44 (0)20 7779 8293 Email: mis@mistieurope.com Web: www.mistieurope.com Post completed form to: Carlos Doughty, MIS Training, Nestor House, Playhouse Yard, London EC4V 5EX UK

Save money over public seminar fees in addition to savings on travel and accommodation costs. Save time on travel as the instructor will travel to you. Furthermore, the training can be held at the most convenient time for you. Ensure the relevance of the seminar for your organisation and industry. You may wish to tailor the structure and methodology of your seminar or customise the seminar to meet the expertise levels of your attending employees.

*Discounts: Government, 10% off regular fees. Please call to enquire about corporate discounts. Discounts can not be used in conjunction with each other. Fees must be paid in advance of the event.

Please send me information on: Internal Audit s Role in Achieving Basel II Compliance, 26th - 27th November 2007, London MiFID: Internal Audit s Role in Achieving & Maintaining Compliance, 28th November 2007, London Auditing Techniques for Lead Auditors, 26th - 28th November 2007, London In House Training

Customer Information
Title Title/Position E-Mail Address (Required) Address Country Telephone VAT Number (if you have one)
The information you provide will be safeguarded by the Euromoney Institutional Investor PLC group whose subsidiaries may use it to keep you informed of relevant products and services. We occasionally allow reputable companies outside the Euromoney Institutional Investor PLC group to contact you with details of products that may be of interest to you. As an international group we may transfer your data on a global basis for the purposes indicated above. If you object to contact by telephone , fax , or email please tick the relevant box. If you do not want us to share your information with other reputable companies please tick this box .

First name

Surname Organisation

Postcode Fax

Registration Information
(fees must be paid in advance of the event)
Accommodation: MIS Training has negotiated special accommodation rates at Radisson Edwardian hotels. For further information please visit www.radissonedwardian.com/mis or email mistraining@radisson.com Cancellation Policy: Should a delegate be unable to attend, a substitute may attend in his or her place. Cancellations received within 21 working days of the event are liable for the full seminar fee. If full payment has been received you are eligible for a 75% reduction on the next run of the seminar. This discount will be valid for one year only. MIS reserves the right to change or cancel programmes due to unforeseen circumstances. VAT: All delegates attending are liable to pay VAT. After the event organisations registered for VAT in the UK may reclaim the tax. Delegates from outside the UK but within the European Community may also be able to reclaim the VAT. Organisations outside the UK should check with their excise authority as to which domestic fiscal regulations apply. High Yield/No-Risk Guarantee: Attend these workshops and receive tools and techniques that will help you do your job better. If you do not, simply tell us why on your company letterhead and we will give you a full credit toward another programme.

Payment Information - You Can Now Pay On-line at www.mistieurope.com

Cheque enclosed (payable to MIS Training) Please debit my credit card Card Number Cardholders name AMEX VISA Please invoice my company PO# MasterCard Expiry Verification Code

Please include billing address if different from address given

Please note that in completing this booking you undertake to adhere to the cancellation and payment terms listed below Signature Approving Manager Date Position