Ishaat Hussain

Finance Director

Dear Colleagues,

As we are aware, the Tata Group is expanding its footprint globally. The group has set its
sights on key business sectors to drive the future growth, and initiatives such as mergers
and acquisitions, & business innovation have been identified as key growth drivers. But at
the same time, market volatility and business risks have increased manifold. Hence,
managing these risks has become a prime concern for the group.

Treasury management plays a pivotal role in the management of these risks. In the above
backdrop, we are pleased to introduce a programme on “Corporate Treasury
Management”, a new offering from Tata Management Training Centre.

The programme attempts to disseminate newer concepts and practices that have a
strong theoretical backing and practical application orientation. I believe that the
program will enable participants from our group companies to appreciate emerging
trends & complexities and increase awareness of global best practices in the treasury
management space

Wishing all the very best

Ishaat Hussain

SONS LIMITED
Bombay House 24 Homi Mody Street Mumbai 400 001
Tel 91 22 5665 7275 dir 91 22 5665 8020 fax 91 22 5665 8021 e-mail ihussain@tata.com
 NTRODUCTION
With significant developments that have taken place in the financial markets in the recent years affecting volatility in
exchange rates and accentuating liquidity constraints, corporates have started paying closer attention to the treasury
and forex management. Corporate treasury function is playing a pivotal role in financial risk management; exposure
management and the use of hedging strategies are now all seen as essential undertakings.

Whilst ensuring the effective management of all forms of risks, treasury managers must also be able to use and apply
financial products in order to maximise profit. With the ever-increasing range and complexity of financial instruments
available, treasury managers must constantly update their skills in order to effectively undertake their crucial duties.

The concept of corporate treasury is defined through a comparison of traditional and emergent roles. The
management accountants main task in cementing the treasury's strategic role are: to facilitate communications and
understanding of strategic possibilities; and to aid implementation through the use of diagnostics, and the
development of gap and sustaining strategies. These emerging strategies are linked by one fundamental objective: to
attract and retain competitively sought-after investor capital or, in other words, increase shareholder wealth. In a world
where investor capital has more choice and mobility than ever before, the key to corporate survival and growth lies in
organizational change initiatives that will contribute directly to the economic value of the firm and its ability to satisfy
the financial return requirements of its investors. Increasingly, treasury and treasury management practices are being
aligned with, and integrated into, the business strategies of organizations. It should not be surprising to see corporate
treasury and treasury strategies involved in organizational change.

O BJECTIVES OF THE PROGRAMME

• To provide participants with a comprehensive understanding of the latest strategies, techniques and tools for an
efficient treasury function.
• The programme will examine in detail the complexities of all treasury management issues whilst expanding of
the essential concepts and the inherent risks.
• To analyze the intricacies of the modern financial markets, enabling organizations to maintain control over
increasingly complex interest rate and currency exposures.
• Discovering the latest strategies for measuring and managing risks, whilst effectively controlling funds held by
your organizations.
• To understand how macroeconomic policies affect key variables like interest rates and exchange rates and
assess current and future outlook in respect of these, in India and globally.
P ROGRAMME CONTENTS
Some of the key concepts that will be covered in the programme are:
Understanding Treasury Management
• Scope, functions and role of Treasury in an organization
• Links between business strategy, organization and finance/treasury

Cash and Liquidity Management

• Cash flow dynamics, cash flow forecasting , cash flow valuations
• Short-term funding investment investments
• Cash Management: transactions, pooling and netting
• Working Capital Management
• Using Debt Instruments: Bank Debts and Capital Market Debts

Foreign Exchange Risk Management

• International Economics and International Finance
• International Financial Markets and Instruments
• Foreign Exchange: Swaps and Forwards
• Vanilla and Exotic Foreign Exchange Options
Financial Risk Management
• Introduction to Interest and Currency Risks
• Interest Rates: Forwards, Futures and Options
• Interest Rate Swaps and applications
• Managing Currency Risks with Forward, Futures, Options and Swaps

Macroeconomic Policy Environment

• What are macroeconomic policies
• How macroeconomic policies affect prices and costs in the economy
• Current scenario and future outlook for India and globally

Other aspects in Treasury Management

• Role in accounting policy formation eg. Forex transactions,
Mutual Fund Investments etc
• Formation of Policies and Process (Investment, Forex Mgt, Accounting etc)
• Accounting Policies on recognition of Treasury Transactions
• Accounting Standards on various foreign Exchange techniques under US
and Indian GAAP
• Taxation issues eg. Withholding tax on interest paid on overseas borrowings,
treatment of capital gains/loss on investments etc
 B ENEFITS TO THE PARTICIPANTS AND SPONSORING ORGANIZATIONS
• Comprehensive understanding of the treasury function
• Effectively manage risk by using management techniques
• Learn the latest methods for measuring currency and interest rate exposure
• Explore optimal deployment strategies of Short and long term surpluses.
• Benefit from efficient cash and debt management strategies to strengthen earnings and performance
• Understand and apply complex hedging techniques
• Understand the role of economic policy on financial variables
• Understanding Accounting and Taxation issues including Accounting for Financial Instruments
e.g. hedging and options per Indian GAAP.
• Discovering best practices in terms of Policy and Processes in the area of Treasury Management.

T RAINING METHODOLOGY Training Methodology

Case studies
The programme intends to focus on giving more practical and
Classroom
discussions
Training
exposure to the participants by using Cases and Analytical 40%
30%

problems as the vehicles for teaching.

Problem
solving
30%

W HO SHOULD ATTEND?
The target profile of the participants is:
• Corporate treasurers and treasury managers who are keen on understanding and revisiting the concepts of
treasury management
• Treasury operations personnel
• Corporate Finance Managers who are keen on understanding the concepts of corporate treasury
• Financial Planning and Strategy personnel, and Financial Controllers
(Basic understanding of Treasury Management is mandatory)

F ACULTY

Mr. Daniel Stone Dr. Uma Shashikant

Training In-Charge, Global Markets and Derivatives, VP Knowledge Resources,
Standard Chartered Bank (Singapore) Prudential ICICI Mutual Fund

Dr. R. Narayanswamy Dr. Shyamal Roy

Professor, Accounts & Financial Centre, IIM Bangalore Sr. Professor, Economics, IIM Bangalore

Mr. Pradeep Bandivadekar Mr. Nrupesh Mastakar

Head Corporate Treasury, Tata Motors Ltd. (Co-facilitator, Tata Management Training Centre)
 P ROGRAMME DATES
January 9, 2005 : Foundation Course for Corporate Treasury Management
January 10 - 14, 2005 : Corporate Treasury Management

P ROGRAMME DIRECTOR
Dr. B Bowonder, Please send your nominations to
Director, Mr. Nrupesh Mastakar
Tata Management Training Centre nrupesh@tata.com

P ROGRAMME FEES Rs. 75,000/- plus 10.2% service tax

H OW DO I APPLY
Please complete the enclosed registration form and fax it or email your details to our programme manager at the
given address. An incentive discount of 5% is offered on receiving three nominations and above along with demand
draft / cheque from one company. In case of cancellation of nominations after the receipt of the programme fee, the
unutilized amount will be held in suspense to be utilized for any future nomination from your organisation.This would
be applicable only within that particular financial year, after which the fee would be forfeited.
For further clarifications, please contact us at the given address.

A PROUD PEDIGREE
The Tata Management Training Centre (TMTC) in Pune was inaugurated by Mr. J.R.D.Tata on January 6, 1966. Since then
it has evolved into a leading management training institute with national and international links. The institute is
housed in a gracious old-world structure, designed by renowned architect George Wittet, on rambling grounds
surrounded by leafy trees, laws, pathways and flower beds.

The TMTC's atmosphere of serenity strikes just the right balance between the stringent demands of the in institute's
management courses and participant's need to look at their management roles with a fresh perspective

F ACILITIES
The institute can house 60 people on a double occupancy basis in its well-furnished, air conditioned
residential facilities. It has four lecture halls and two seminar rooms specially designed for effective
learning interactions. It also has well-stocked library on management books, journals and films. Apart from its facilities
for learning and living,TMTC has facilities for indoor and outdoor sports.

P ROGRAMME VENUE & CONTACT DETAILS

Tata Management Training Centre
A division of Tata Services Limited
1 Mangaldas Road, Pune 411 001
Tel:91-020-401 1151 - 59 / 26120141 / 26125381 Fax : 91 - 020 - 2612 2338
E-mail : nrupesh@tata.com or tmtc@tata.com
 Nomination Form

Corporate Treasury Management

Date : January 09 - 14 2005

Name : Age :

Designation :

Organisation :

Contact Address :

Telephone (O) : (R) (Mobile)

E-mail :

Educational Qualification :

Current Responsibilities and Years of Experience :

Experience in the Treasury Function :

Details of previous training programmes attended :

Expectations from this programme :

Name and Designation of the person whom you report to :

Signature Date :

A division of Tata Services Limited

1 Mangaldas Road, Pune 411 001
Tel:91-020-401 1151 - 59 / 26120141 / 26125381 Fax : 91 - 020 - 2612 2338
E-mail : nrupesh@tata.com or tmtc@tata.com
Registered Office : Bombay House, 24 Homi Mody Street, Mumbai 400 001.