Treasury ManagementLecturer: Andrew MarshallContact Hours: 18Assessment: 30% assignment, 70% final exam Class AimsTreasury management has never been more important for companies, whether large or small. The purpose of this class is to provide an overview of treasury management and we will discover how to reduce exposure to currency and interest rate movements. We will use real data from the Financial Times to illustrate derivative hedging strategies. A significant emphasis will be placed on techniques employed in the solution of practical problems, though not to the exclusion of theory. |
"Risk comes from not knowing what you`re doing."
Warren Buffett 1930-, American Investment Entrepreneur
Andrew Marshall joined the department in 1991 after a spell in
industry with KPMG. Teaching interests include risk management,
derivatives, corporate finance and international finance. His
research is focused on risk management, insider trading
derivatives and international finance.
Most important financial risk management functions |
Learning Outcomes
- Subject specific knowledge and skills
On completing this class you will be able to: - Assess the foreign exchange and interest rate risk exposure of a firm;
- Explain the day to day activities of a company treasurer;
- Understand the role of a structure and corporate treasurer in a large UK company;
- Solve simple treasury problems;
- Assess the financial risks facing large multinational companies;
- The hedging instruments and assess their suitability in relation to the risks identified.
- Cognitive abilities and non-subject specific skills
During the course you will develop: - Competence in interpreting and evaluating financial problems posed both in quantitative and non-quantitative terms;
- The ability to resolve practical risk management problems through the use of a case study approach;
- Team work and communication skills through the assignment project.