Past Event Calendar

2019

 

You are invited to a special first time event on Thursday, October 10th, 2019 in Stamford, Connecticut

 

“Treasury Connections - Fall 2019” brought to you by:

  • Treasury Management Association of New York (“TMANY”)

  • Connecticut Association for Financial Professionals (“CT-AFP”)

  • EY’s Global Treasury Services (“EY GTS”)

 

What is it?

  • A treasury professionals networking / mixer event

  • An education session – Panel discussion on Treasury Technology Trends, and Treasury Emerging Technology. Panelist are:

    • Jeff Diorio, Treasury Strategies

    • Seth Marlowe, Wells Fargo

    • Valerio Trinchi, EY GTS

  • Find out more about TMANY and CT-AFP membership

 

When is it and what’s the agenda?

  • Thursday, October 10th, 2019

  • 5:00 to 7:30 pm

    • 5:00 – 5:30 Registration

    • 5:30 – 6:20 Panel Discussion

    • 6:20 – 7:30 Closing Remarks and Cocktail Hour

 

Where is it?

  • EY’s Stamford Office

  • 300 First Stamford Pl, Stamford, CT 06902

  • Conveniently located off I-95

 

Did we mention, it is free?

  • Yes, it’s free but you must register in advance (space is limited)

  • Open to ALL treasury professionals in the NY/Westchester/Fairfield County area

  • Bring a friend (but make sure to register them)

 

RSVP

JUNE 19

Topic:           The 3 R’s of the 21st Century: Reorganization, Redundancy, and Resilience

Speaker:       Nicole Meyer, The Meyer Partnership N.A. LLC

Location:      One Stamford Plaza, 263 Tresser Blvd. Building 1, Community Room on 2nd floor.

Time:           Sign in 5:00pm, Presentation and Networking following

Credits:        1.2 CTP credits

 

Volatility and change are here to stay – are you ready? 90% of you will be impacted by reorganisation, redundancy, and the dissolution or sale of business units. Each of these could lead to the elimination of your job. Whether you have been made redundant or whether you have made the choice to opt out, do you know how to find your next job? Where do you start, particularly if you’re in your 40’s and 50's?  How do you account for gaps in your career? How do you explain a redundancy? How do you market yourself half-way through your career? How are the rules of networking changing and what should you do?

 

Join this interactive discussion about resilience in the face of change.  Learn how to redefine yourself, how to re-brand yourself and how to leverage technology in a 21st Century job search.

MAY 15

Topic:           Financial System Plumbing:  The Federal Reserve in the payments system

Speaker:       Michele Braun, The Crossway Group, LLC

Location:      One Stamford Plaza, 263 Tresser Blvd. Building 1, Community Room on 2nd floor.

Time:           Sign in 5:00pm, Presentation and Networking following

Credits:        1.2 CTP credits

Start with the obvious:  Money is the lifeblood of the economy.  That corporations, governments, non-profit enterprises, and individuals can use a common currency to transfer value “greases the skids of commerce” and significantly promotes economic efficiency. 

APRIL 17

Topic:           Centralizing Treasury in a Decentralized World

Speaker:       PNC Bank, Anthony Guide International CertICM, CTP

Location:      One Stamford Plaza, 263 Tresser Blvd. Community Room on 2nd floor.

Time:           Sign in 5:00pm, Presentation and Networking following

Credits:        1.2 CTP credits

As companies grow their global footprint, they often struggle with decentralization, which makes it difficult to manage cash efficiently. “How much cash do we have?” is a question that a treasury organization should always be able to answer.

MARCH 20

Topic:           Treasury Workstation Selection and Implementation

Speaker:       Mary Ellen Kunz, Corporate Practitioner

Location:      One Stamford Plaza, 263 Tresser Blvd. Building 1, Community Room on 2nd floor.

Time:           Sign in 5:00pm, Presentation and Networking following

Credits:        1.2 CTP credits

The discussion will cover documentation of the current process, evaluation, “does the company need a TWS”, benefits, getting approval to proceed, vendor selection, RFP tips and details, Selection Executive Summary, implementation, lessons learned and resources.

 

FEBRUARY 20

Topic:           Beyond the Buzz – Start your Emerging Technology Preparedness

Speaker:       Seth Marlowe, Wells Fargo Bank SVP, Treasury Insights Consulting Group

Location:     Zoom call due to the weather. Please email marguerite.versacci@tronox.com for the instructions.

Time:           Sign in 5:00pm, Presentation

Credits:        1.2 CTP credits

The hype is all around us - accept a payment from your customer’s car, no swipe needed.

Use Big Data to gain insights from your cash flows and your customer’s buying habits.  Transfer assets and reconcile in real-time.  Rapidly advancing technology is altering the way we do business, enabling us to increase convenience and relevance. 

 

What do we need to do to prepare for the new wave of tech? From the Internet of Things to Blockchain and more, we’ll discuss how new technologies affect how companies do business and what treasury and finance departments should do to prepare.

2018

JANUARY 10 Foreign Exchange 101

Subject:         Foreign Exchange 101

Presenter:      Victor Kunakowsky, Key Bank

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

Presented by KeyBank Enterprise Commercial Payments Foreign Exchange group, the informative session is designed to give treasury, finance and accounting staff an increased understanding of foreign exchange and the $5.3-trillion-a-day market.  Emphasis will be centered on managing foreign currency risk and the basics of hedging currency exposure.  The presentation will also address current event risks that guide the direction of currencies.

FEBRUARY 14 - Technology - the new frontier

Subject:         Technology – the new frontier (digital, disruption and robotics)

Presenter:      Paul Bramwell, Ernst & Young LLP

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

This session will focus on the topic of robotic process automation in today’s corporate world. The technology that has brought our working world to where it is today is forever changing the way we conduct business, and at a pace that seems to be ever increasing. Mundane tasks and manual processes can be reduced or even eliminated with robotics. There are a plethora of applications that can decrease repetitive tasks and create a more productive working environment. These applications can automate processing transactions, make manipulating data much easier, return faster responses, and make communications between digital systems smoother and faster. In this session Paul will elaborate on how robotics / Treasury technology can create a better working world.

MARCH 14 - Supply Chain Optimization

Subject:         Supply Chain Optimization. Striking the Right Balance of Payment Term Extension, Supplier Discount and

                    Card Rebate Opportunities

Presenter:      PNC Bank, Rebecca Leopold, CTP

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

Financial executives continue to prioritize working capital gains, including extension of supplier payment terms – as measured by Days Payable Outstanding.  Available supplier discounts remain the best yielding investment alternative available to corporations.  Trending solutions such as dynamic discounting and supply chain finance – along with industry accepted card-based supplier payment – offer varying attributes for both of these dimensions.  The session will first look at these options and then build a framework for evaluating the appropriate strategy for a given organization.

APRIL 11 - Cash Management Strategies

Subject:         Cash Management Strategies in the New Liquidity Environment

Presenters:     Morgan Stanley Investment Management, Matthew Terhune, Vice President and Brian Buck, Executive Director       

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits


Morgan Stanley will provide an overview of what has changed in the liquidity environment over the past year and what we should expect in 2018. They will discuss how some of your peers are approaching cash management given the changes in regulation, rates, and new product development. The discussion will provide a foundation of how to optimize your short term investment program to meet specific goals.

APRIL 18 thru APRIL 20 - New England AFP Conference (NEAFP), Boston MA

Members of the CT-AFP can request a conference discount code. Please email for more information.

If you are attending, Marguerite Versacci from the CT-AFP will be there. Please make sure you say hello.

MAY 9 - CyberSecurity touching on Awareness, Mitigation and Prevention

Subject:         CyberSecurity touching on Awareness, Mitigation and Prevention

Presenters:     Hosted by Webster Bank. Larry Selnick, Webster. Larry Racioppo, USI. Lyle Leiberman, Janus Associates.

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

 

Description:

Webster Bank, USI Insurance, and Janus Associates invite you to a conversation on cybersecurity, where you'll learn about the current trends in cybercrime, and how to mitigate, diagnose, and protect your company from fraud. Business leaders are now realizing that cyber fraud is a serious threat to all businesses. How can we best prepare ourselves against an attack? Our panel will share information about the types of fraud, the cost of cybercrime, how to protect your business, and ways to mitigate risk.

MAY 30 thru JUNE 1 - New York Cash Exchange Conference (NYCE), New York City, NY

Members of the CT-AFP can request a conference discount code. Please email for more information.

If you are attending, Brice Victor from the CT-AFP will be there. Please make sure you say hello.

JUNE 13 - Open Talk about Corporate Cards

Subject:         Open Talk about Corporate Cards

Presenter:      Santander Bank, Jay Park and Jillian Condon

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

Description:

 

While companies are more and more adopting corporate cards as a method of handling payments, many are hesitant on capitalizing on this opportunity. The session will revisit the concept of corporate cards, offer opinions from those in the industry, and will focus on sharing best practices with existing and prospective practioners. 

SEPTEMBER 12 - Bloomberg Field Trip

Subject:         BLOOMBERG FIELD TRIP

Time:            10m – 3pm, Lunch will be provided

Address:        Bloomberg Park Ave., 120 Park Ave. 22nd Fl., New York, NY 10017

Credits:          5 CTP credits

Cost:              Member Free and Non Member $25

Agenda:

9:45 AM – 10:00 AM

GUEST ARRIVAL & REGISTRATION

 

10:00 AM – 10:50 AM

COMMODITIES

Oil markets have moved higher this year on tightening supply/demand balances and drawdown in inventories. Discussion on oil market supply, demand, storage and distribution fundamentals, pricing and forecasts. Description of the commodity derivatives markets, players, and positioning.

Speaker: Zef Lokhandwala – Commodity Market Specialist, Bloomberg L.P.

 

11:00 AM – 11:50 AM

LIBOR SUNSET AND TRANSITION TO SOFR AND FRIENDS

Following the LIBOR manipulation scandal, the benchmark rate will be phased out and the US Dollar replaced by the Secured Overnight Financing Rate (SOFR), the Broad General Collateral Rate (BGCR) and the Tri-Party General Collateral Rate (TGCR), published since early April by the New York Fed.

 

Where will SOFR, etc. apply? Have you done inventory of all your LIBOR references in contracts and trades, and what do you need to do about them? What about LIBOR for other currencies? When must you adopt the new reference rates? What happens to existing trades with LIBOR in them? Will any of your processes need to change?

 

Hedging FX, Rates and Commodities FX markets are uncertain, rates are expected to rise, and commodity markets have been range-bound. The JPMorgan Global FX Volatility Index rebounded from a three-year low to start the year, but has since lost momentum and currently trades well below its five-year average. Interest Rate Futures’ markets are pricing a 75% probability of at least two Fed rate hikes this year. The Bloomberg Commodity Index has bounced between 80 and 88 for the past 18 months. How do you quantify risk arising from such uncertainties and expectations, and analyze options to mitigate those risks?

Speaker: Yon Valtchev – Fixed Income Market Specialist, Bloomberg L.P.

 

11:50 AM – 12:30 PM

LUNCH

 

12:30 PM – 1:15 PM

FX

Financial Markets are intently focused on the FED as it continues to normalize short term rates. How far will the FED go this year? What about next year and the year after? This discussion will start with the key data the FED is tracking, delve into FED communication with the market and conclude by contrasting traditional analysts forecasts for policy rates with scenario analysis using futures markets and short term curves.

Speaker: Stephen Jonathan – Economics / FX Market Specialist, Bloomberg L.P.

 

1:30 PM – 2:15 PM

FX HEDGING, BEST PRACTICES

Corporate Treasurers have never been so well equipped to make prudent FX Risk Management decisions. Thanks to technology, even the smallest treasuries can use the same analysis once reserved for banks and only the largest corporations. This session will examine these tools and take a look at current best practice when deciding firstly, which exposures to hedge and secondly, how to hedge them.

Speaker: Michael Briody – FX Market Specialist, Bloomberg L.P.

 

2:30 PM – 2:50 PM

BLOOMBERG INTELLIGENCE

U.S. tax hasn’t experienced so much upheaval since the 1980’s. This session will give an overview of the changes that took place at the end of 2017 and how companies have reacted to tax reform. The session will also address more recent events such as midterm elections and the issuance (or lack thereof) of guidance on tax reform and what we may expect vis a vis U.S. tax policy in the near future.

Speaker: Andrew Silverman – BI, Tax Analyst, Bloomberg L.P.

OCTOBER 10

Topic:           Balancing International Growth While Managing Global Risks

Speaker:       Key Bank, Ralph Bocchino – Senior International Representative

Location:      Stamford Plaza, 263 Tresser Blvd. Community Room on 2nd floor.

Time:           Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:        1.2 CTP credits

A review of global payment options to either help develop your international sales plan or enhance the one you already have.

NOVEMBER 14

Topic:           Bitcoin, Blockchain & Beyond

Speaker:       Richard Johnson, Vice President Market Structure and Technology, Greenwich Associates

Location:      One Stamford Plaza, 263 Tresser Blvd. Building 1, Community Room on 2nd floor.

Time:           Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:        1.2 CTP credits

Description:

Beginning with a brief history of bitcoin and how it has moved from math theory to a payments method applied to capital

markets and banking. Richard will also share results from a 2018 Enterprise Blockchain Adoption Study conducted by

Greenwich Associates.

 

DECEMBER 12

Topic:           Unclaimed Property – The Top Ten Things Financial Professionals Should Know and Holiday Social

Speaker:       Jim Sadik, Managing Director - Unclaimed Property, True Partners Consulting LLC

Location:      One Stamford Plaza, 263 Tresser Blvd. Building 1, Community Room on 2nd floor.

Time:           Sign in 3:15pm, Presentation and Networking 3:30pm – 6pm

Credits:        1.2 CTP credits

Description

 

Unclaimed property can be confusing but the risks of material liabilities are very real.  Most companies are already aware of unclaimed property and how it arises, but often feel that the rules surrounding unclaimed property are confusing and contradict many of their standard processes and procedures. That’s why we pulled together this list of things that every financial professional, as well as anyone concerned about managing their company’s risk, should know about unclaimed property.

2017

JANUARY 11

Subject:            Cash Investment Ideas in a Post Reform World

Presenter:         BlackRock, Kevin Fitzgerald

Location            Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:             1.2 CTP credits

 

Description:    

A look at the viability of Prime Money Market Funds post reform and expected FOMC action. What due diligence investors should be thinking about and what alternative investment vehicles may be available.

JANUARY 18 -  New England AFP Meeting

Subject:           Rethinking Dodd-Frank

Presenter:        Anthony Carfang, Treasury Strategies, A Division of Novantas, Inc.

Location:         Tuscan Kitchen 2400 District Ave., Burlington, MA

Time:              1:00-2:00 Registration - Networking, 2:00-3:30 Rethinking Dodd-Frank, 3:30-4:30 Informal Networking

Description:

With big changes in Washington, now is a good time to reflect on how well Dodd-Frank is working. Join us in Burlington on January 18 and hear industry expert, Tony Carfang.

Members of the FCAFP:  No charge

Guests: $35.00

Register @ http://neafp.org/event/january-18-meeting/

 

FEBRUARY 8

Subject:            Cyber Security and Cyber Fraud

Presenter:         Sponsored by Webster Bank, Moderator Laurance Selnick, Director, Treasury & Payment Solutions Sales

  • Roger B. Vann, Senior Security Consultant, JANUS Associates, Inc

  • Gregory J. Bautista, Attorney at Law, Wilson Elser Moskowitz Edelman & Dicker LLP

  • Lawrence A. Racioppo, Senior Vice President, Management & Professional Services, USI Insurance Services LLC

Location            Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:             1.2 CTP credits

Description:      

  • What controls can companies use to protect themselves from CyberSecurity and what are the factors and components of those controls?

  • What are the types of breaches – Extortion, Monetarty, Social and Social Infiltration?

  • Prevention and Detections

FEBRUARY 8 -  New England AFP Meeting

Location:          Fidelity Investments, One Spartan Way, Merrimack, NH

Time:               8:30 am - 3:30 pm

Members of the FCAFP:  No charge

Guests: $35.00

Cyber Security at Fidelity

presented by Michael West, Vice President Fidelity Investments

 

Michael West, Fidelity's Vice President of Cyber Investigations, will discuss the cyber events occurring in the news and the different tiers of cybercrime. He will explore the evolution of cybercrime and the role of organized crime and provide best practices for personal cyber protection.

Optimizing Your Corporate Liquidity through Cash Segmentation

presented by Kerry Pope, Institutional Portfolio Manager, Fidelity Investments

 

Fidelity Investments Institutional Portfolio Manager Kerry Pope offers insight into how to manage corporate liquidity - and the critical role cash segmentation can play - now that recent money market regulatory changes are in place. In this new environment, and in light of upcoming Basel III deadlines and short-term rate uncertainty, corporate treasurers need investing strategies for their operating cash. While bank deposits and government money market funds are likely to continue to be popular options, the main focus of Kerry's presentation is cash segmentation - allocating cash balances into multiple "buckets" of operating and strategic liquidity. Kerry will discuss this strategy in detail, focusing on how it can allow corporate treasurers to take advantage of a wider array of solutions, including conservative ultra-short bond funds and separately managed accounts. Using real-word examples to illustrate the risk/return dynamics of these new strategic liquidity alternatives and how to best use these new instruments, Kerry will demonstrate how effective these options may be in further limiting risks while enhancing returns.

A View from The Hill

presented by Gary Blank, SVP, Regional Public Affairs and Community Relations, Fidelity Investments

 

The presentation will touch upon politics, an update on key policy priorities, and the impact of the 2016 election results on key financial regulatory/legislative issues.

Expanding your Corporate Plastic

presented by Brian Moran, VP - NAM Regional Sales Head, Commercial Solutions Sales, MasterCard

Jay Park, VP Corporate Cash Management Sales, Santander Bank

 

Commercial card usage as a form of payment continues to rise. Beyond the efficiencies of electrifying your payables, commercial cards offer corporate practitioners a way to make direct impact to the organization's bottom line. This session will cover trends in the market, best practices for those using or looking to adopt commercial cards, and where we are headed with this growing payment type.


Fidelity Associate Panel for College Students 

Elizabeth Shanley University Relations Manager, Fidelity Investments

 

more information

 

Members: no charge

Non-Members: $35

Register @ http://neafp.org/upcoming-events/

 

MARCH 8

Subject:            Topics in Payments – from Geneva and beyond

Presenter:         SWIFT, Kevin ONeil, Regional Account Manager - Corporates

Location            Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:             1.2 CTP credits

Description:      

 

In late September, over 8000 participants from Banks and Companies gathered in Geneva to discuss the latest trends and debate issues around global payments.   From Standards to Cyber to Payments Innovation, SWIFT representatives will summarize SIBOS highlights and discuss global payment trends impacting the financial industry today and in the future.

MARCH 15 -  New England AFP Meeting

Subject:           Annual Luncheon Meeting

Location:          Federal Reserve Bank of Boston, 600 Atlantic Ave, Boston, MA United

Time:               11:30-12:00 Registration - Networking, 12:00-12:45 Luncheon, 12:45-2:00 Program

 

Description:      

 

Plan to join us for the Annual Luncheon Meeting! David Bridges is Fidelity’s senior geopolitical analyst.  A 25-year CIA veteran and former member of the Agency’s senior leadership team, he will discuss the five principal geopolitical and strategic challenges facing the Trump Administration in the year ahead.

Register @ http://neafp.org/upcoming-events/

 

MARCH 28 -  New England AFP Meeting

Subject:           Introduction to Treasury Management

Location:          State Street, One Lincoln St., Boston, MA

Time:               8:00 am - 5:00 pm

 

Description:      

 

The Introduction to Treasury Management course is designed for treasury analysts who are new to the field or have less than 2 years of experience. The goal of the day is to provide a good foundation with topics ranging from basic treasury management, foreign exchange, and trade finance to relationship management. This will be a full day session including lunch led by subject experts partnered with corporate practitioners.

Register @ http://neafp.org/upcoming-events/

APRIL 12 - Fairfield County AFP

Subject:           Institutional Investment Alternatives & Best Practices in the Post Reform Era

Presenter:        Institutional Cash Distributors - ICD, Danette M. Jones

Location:          Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104 

Time:               Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm 

Credits:            1.2 CTP

Description:    

 

Please join ICD’s Danette Jones for an informative presentation on institutional investment alternatives. The presentation will compare the attributes of various treasury investment alternatives and showcase the popularity of those investments within corporate treasury. Ms. Jones will explore the operational issues around investing in Prime MMFs and the opportunity cost of leaving that investment out of portfolios.

The presentation will close with new post-reform Best Practices – featuring Research, Compliance, Uniform Trading Protocol, Automated Settlement, Integration and Exposure Analytics.

MAY 10 - Fairfield County AFP

Subject:      Risk Events: Strategies to Mitigate Foreign Currency Exposures

Presenter:   First Republic Bank, John Frey, Managing Director, FX Advisor of First Republic Bank 

Location:     Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104 

Time:          Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm 

Credits:       1.2 CTP

Description:     

John Frey, Managing Director, FX Advisor of First Republic Bank, helps clients throughout the bank’s footprint manage their FX exposure through the use of FX hedging products. John will discuss FX risk events, past and present and provide an overview of hedging products highlighting how they could have been utilized via historical examples. 

MAY 17 thru MAY 19- New England AFP Conference

Members of the FC-AFP can request a conference discount code. Please email info@fcafp.com for more information.

If you are attending, Marguerite Versacci from the FC-AFP will be there. Please make sure you say hello.

MAY 31 thru JUNE 2- New York Cash Exchange Conference

Members of the FC-AFP can request a conference discount code. Please email info@fcafp.com for more information.

If you are attending, Marguerite Versacci from the FC-AFP will be there. Please make sure you say hello.

JUNE 8 -  New England AFP Meeting

Subject:       Maine Regional Meeting

Location:      Cumberland Club, 116 High St., Portland, ME 04101  

Time:           3:00 pm - 5:30 pm

 

Description:      

 

The increasing Influence of Political Crosswinds on Currency Markets presented by Omer I. Esiner, Chief Currency Market Analyst, Commonwealth Foreign Exchange.

This session will explore the increasing influence of politics in global financial markets and specifically in global currency markets. The increasing influence of anti-globalization and populist movements in the politics of the U.S, the euro zone and the U.K. and how these movements can influence activity in financial markets will be discussed. You will be provided with a broad overview of the current themes that are important to market participants and learn how we view these trends impacting the value of the U.S. dollar over the course of 2017.

Register @ http://neafp.org/upcoming-events/

 

JUNE 14 - Fairfield County AFP

Subject:         Bank Fees Mythbusters

Presenter:      Redbridge, Tamir Shafer

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

Description:      

Ever wonder what hidden mysteries and valuable opportunities are hiding within your Account Analysis statements? Are there presumptions you have been making about the data, structure, and information included within them? Is there hidden value buried within the data that your company has not taken advantage of? This highly interactive session serves to provide practitioners with the ability to learn about and evaluate the more common myths and misconceptions of the Account Analysis statement and bank fees in general, allowing them to immediately apply an improved fees review process within their own companies.

July 19 -  New England AFP Meeting

Tuscan Kitchen
2400 District Ave., Burlington, MA

1:30-2:00 Registration - Networking

2:00-3:15 Going Global: Managing FX Volatility in the M&A Process

3:15-4:30 Innovations in Cross-border Payments: Improving System Speed and Transparency

4:30-5:30 Informal Networking

 

Going Global: Managing FX Volatility in the M&A Process

presented by Amanda Breslin, CFA, CTP, Chatham Financial

Global M&A weathered an unpredictable 2016 with a dramatic surge in activity in the fourth quarter. In just the final quarter, we saw 1,429 cross-border deals, exceeding $388bn in volume – totaling nearly 40% of the year’s total deal volume in a period of material global uncertainty. While political risks and increasingly complex regulatory developments are here to stay in 2017, volatile currency markets have made predictability of valuations, deal closing, and financial performance upon integration even more challenging for corporate acquirers. This session will address the various stages of cross border acquisitions and focus on how holistic risk management practices during the entire M&A process can help address common hurdles and complexities.

Ms. Breslin will cover a variety of topics and practical tips to consider in each stage of the M&A process:

  • Due Diligence – Understand the impact of foreign acquisition on your financial statements, as well as the existing risk profile and risk mitigation programs that may be in place

  • Transaction – Consider the financial risks in your equity and debt capital structure and some strategies to mitigate the impact of currency fluctuations

  • Integration – Review the complexities that can arise as you merge hedging objectives, programs, and risk management processes across organizations

 

Innovations in Cross-border Payments: Improving System Speed and Transparency

presented by Kevin O’Neil and William Liu, SWIFT Americas & UK Region

In the face of increased regulation and cyber risk, the payments industry is evolving to become more efficient and transparent.   Are you keeping up with the latest changes?   What are the key challenges & forces driving the industry?  SWIFT will explain financial messaging trends they are seeing working together with banks and corporates.   Can you pass the “acronym challenge” and earn your credits?

 

Members of the FCAFP:  No charge

Guests: $35.00

Please RSVP: http://neafp.org/event/july-19-meeting/

 

SEPTEMBER 20 - Fairfield County AFP

Field trip to Citibank's Cyber Security Fusion Center (CSFC) located at 283 King George Road (Building E), Warren NJ.

Time 12:30pm. Lunch, tour, learning session, and take home gift.

This is open to corporate practitioners only.

Citi’s Cyber Security Fusion Center (CSFC) is an intelligence-led organization that unifies Citi’s efforts to prevent, detect, respond to, and recover from cyber-attacks. Through a culture of collaboration, the CSFC fuses intelligence from a variety of sources to prevent attacks, reduce risk, and support execution decision-making.

CSFC Strategic Objectives:

  • Prevent and detect cyberattacks against Citi, its customers, and critical partners

  • Reduce Citi’s vulnerability and risk to cyber-attacks

  • Minimize damage and attacks through an effective and efficient response effort

  • Driving a learning organization to action

OCTOBER - FCAFP

No meeting this month. Hope to see you at the AFP 2017 Annual Conference in San Diego.

The FC-AFP will be on booth duty at the AFP Conference in San Diego. The booth number is 1953 from 10am - 10:30am.

 

Stop By and Say Hello!

NOVEMBER 8 - Fairfield County AFP

Subject:         The new essentials: Big Data, biometrics, and everything in between

Presenter:      Seth Marlow, Wells Fargo Bank

Location:        Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:             Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:          1.2 CTP credits

Description:   

Accept a payment from your customer’s car, no swipe needed. Scan your eye instead of entering a PIN. Use Big Data to gain insights from your cash flows. Rapidly advancing technology is altering the way we do business, enabling us to increase convenience and relevance. Will it also make us smarter? From the Internet of Things to biometrics and more, we’ll discuss essential new technologies and how each fits into the treasury landscape.

DECEMBER 13 - Fairfield County AFP

 

Subject:          Review of 2017 U.S. Banking/Cash Management Market Trends and Holiday Social

Presenter:       Greenwich Associates - John Colon and Maribeth Farley

Location          Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:              Sign in 3:15pm, Presentation and Networking, immediately followed with a holiday social, 3:30pm – 6pm

Credits:           1.2 CTP credits

 

Description:    

 

Review of the U.S. Market Trends from our 2017 Large Corporate Finance Study and Holiday Social. Review market trends in banking, cash management and trade finance including bank quality market leaders and industry best practices, and other competitive information.

The 2017 Treasury Professionals Compensation Report will be shared. 

 * The FCAFP Holiday Social will follow hosted by Greenwich Associates.

2016

JANUARY 20

 

Subject:                       Market update and insight on FOMC actions, Money Fund and Bank reform impact, Credit due diligence and

                                   Investment ideas

Presenter:                    Blackrock:

                                   Thomas Kolimago, CFA: Managing Director, Global Head of Credit and Investment Research for Cash Management

                                   Kevin R Fitzgerald: Director, Senior Relationship Manager – Cash Management   

Location:                      Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                           Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Parking:                        Attendees can park either at Landmark Square or the mall (near Macy's). 

Credits:                        1.2 CTP

 

Description:                

 

Market update on:

  • Market impact and outlook on FOMC actions around interest rate moves (hikes).

  • Money market reform impact and expectations.

  • Basel III impact

  • Ongoing Credit review and due diligence (bank downgrades, supply, issuance)

  • Investment Ideas: SMA’s, FNAV funds, ETF’s, etc.

 

  

FEBRUARY 17

 

Subject:                       Biggest Challenges and Projects facing Treasury

Presenter:                    Round Table Discussion

Location:                     Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                          Sign in 3:15pm, Presentation and Networking 3:30pm – 5:00pm

Credits:                        1.2 CTP

 

Description:                

 

Round table discussion on subjects challenging Corporate Treasury Departments.  Topics include:  Selection/Implementation of TWS, Effects of Acquisitions, and/or other topics germane to FC-AFP attendees.

MARCH 16

 

Subject:                      Treasury as a Shared Service

Presenter:                   E&Y, Robert J. Baldoni

Location:                     E&Y Office, 300 First Stamford Pl, Stamford, CT 06902 Room: 03.1135/1137/1139 (Training room ABC)

Time:                          Sign in 3:15pm, Presentation and Networking 3:30pm – 5:00pm

Credits:                       1.2 CTP

Description:

Overview of approach to assess treasury processes to migrate to a shared services environment.  Discussion to include migration criteria, centralization and standardization of processes, technology enablement, governance framework and performance metrics to track process improvement / efficiency gains for shared service.  

 

APRIL 27

Subject:                        Adapting Commodity Hedging Programs to Today’s Markets

Presenter:                     Chatham Financial, Michael Burns, Director, Chatham Financial

Location:                      Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                           Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:                        1.2 CTP

 

Description:                

 

Commodity hedging in today’s depressed-yet-volatile environment offers non-financial companies great opportunity but also added complexity. As most fuels and metals set new 10-year lows in 2016, board member and executive teams are looking at new ways to offset their commercial risk through the use of financial hedging. Faced with an ever-changing global conditions, there has never been a more critical time to evaluate and align your commodity hedging strategies with new market dynamics.

 

 

Objectives:  Key learning points include:

  • How geo-political events are impacting the markets

  • When to ask if your hedging program has achieved the desired effect

  • What key considerations should be included when designing or modifying a commodity hedging program

  • Why quantifying your exposure-at-risk provides a more holistic risk solution than opportunistic programs

  • Where the common pit-falls are when implementing or changing a commodity hedging program

 

MAY 18

Subject:                       Payables Optimization

Presenter:                    Key Bank, Megan Short, Head of Commercial Payments Strategy, Product  and Innovation team

Location:                     Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                          Sign in 3:15pm, Presentation and Networking 3:30pm – 5:00pm

Credits:                       1.2 CTP

 

Description:                

 

Often viewed as a costly back-office operation, many companies are creating real value from their AP processes through a multitude of payables optimization strategies. An automated AP process, in particular, enables cash flow and process transparency, improved fraud mitigation capabilities and a meaningful reduction in costs.

 

In this discussion, we'll explore the latest key themes impacting the payables landscape today (with a particular focus on AP Automation) and share best practices for creating efficiencies and optimizing against the changing environment.

 

JUNE 15

 

Subject:                       Evolution of Centralized Treasury - The reduction of risk in your operations

Presenter:                    SunGard, Steve Wiley, Vice President, Treasury Solutions

Location:                     Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                          Sign in 3:15pm, Presentation and Networking 3:30pm – 5:00pm

Credits:                       1.2 CTP

Description:                

How does an organization optimize their treasury operation, streamline processes, reduce redundancies, enhance visibility and improve controls while reducing risk?

This session will explore options for maximizing efficiencies using various methods, Payment factories, In-house banks and centralized collections, and how keeping controls built around these processes with reduce various levels of risk. 

SEPTEMBER 21

 

Subject:                       BLOOMBERG FIELD TRIP

Time:                          10am – 3pm, Lunch and take home gift to be provided.

Address:                      120 Park Ave, New York, NY 10022 (22nd floor)

Credits:                        4.8

Cost:                            Member Free and Non Member $25

ECONOMIC OVERVIEW/CURRENT STATE OF MARKET

Overview: Overview on current market environment. The Fed Reserve also has an announcement on 9/21 so that will be a major topic of interest.

                                         

Speaker: Richard Yamarone

 

 

BEST PRACTICES IN CASH FORECASTING & CASH MANAGEMENT

Every treasury department faces the same question: “How do I minimize risk and maximize liquidity within my organization?” Treasurers work with organizational silos, remote subsidiaries, unfriendly ERP systems, multiple bank portals and Excel spreadsheets. All of this can lead to common errors, long work days and a constant disconnect between funding, investment, and risk management decisions. There are ways though, to streamline your treasury processes and improve operational effectiveness.

 

In this session we will discuss:

» Challenges of integrating cash and risk management

» Types of cash management solutions available today

 

Speaker: Tuomas Parikka (Corporate Treasury Specialist, Bloomberg L.P.)

 

 

OPTIMIZING YOUR APPROACH TO HEDGING & RISK MANAGEMENT

With the increase in currency and commodity volatility and a diverging global interest rate environment, it becomes necessary to re-examine the effectiveness of your current hedging policy and look at strategies to optimize your hedges. Additionally, increased regulation has seen an appetite for treasury departments to bring many post-trade functions such as mark-to-market and valuation in house as well as the adoption of counterparty valuation to assess risk.

 

 

In this session we will discuss:

» Comparing financial market forecasts with the strategists

» Putting on the optimal hedge including critically assessing the use of vanilla options versus other FX option/swaption structures and considerations for emerging market currencies

» Valuation, mark-to-market and stress testing your portfolio

» Counterparty risk

» Capital raising

 

Speaker: Alison Fletcher (FX and Economics Market Specialist, Bloomberg L.P.)

 

 

THE BASICS OF HEDGE ACCOUNTING

Financial statement volatility is never a good thing especially for public companies that report earnings on a quarterly basis. While financial risk from changes in foreign currency rates, interest rates or commodity prices can create current or future earnings volatility, a properly designed hedging strategy should smooth out these variations. Since most financial hedges are measured

at fair value, not applying hedge accounting can increase, rather than reduce, quarterly earnings volatility, defeating the initial objective. Hedge accounting aligns the financial reporting results of the hedge with the underlying exposures in the same accounting period.

 

In this session we will discuss:

» The evolution of hedge accounting and the measurement and reporting of derivative instruments

» The types of companies that are the primary users of hedge accounting

» The key principals of the hedge accounting model including making a proper election at inception and proper application of hedge accounting over the term of the hedging relationship

» Assessing hedge effectiveness

» Examples of common FX and interest rate cash flow, fair value and net investment hedge relationships and applications

Speaker: Robert Baer (Derivatives and Hedge Accounting Specialist, Bloomberg L.P.)

OCTOBER 19

 

Subject:                       Transforming a Global Treasury Organization from "Transactional" to "Strategic"

Presenter:                    Maria Logiopoulou, Bank of America Merrill Lynch

Location:                      Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                           Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:                        1.2 CTP

 

Description:                

 

Given the impacts to financial markets and ongoing changes in technology, treasuries are in a much different place than they were 5 years ago. The role of treasury has evolved into that of being a strategic advisor for the business. CFOs are relying on treasurers to be custodians for risk management policies, to protect cash, and to achieve an optimal liquidity structure by effectively managing working capital.

NOVEMBER 16

 

Subject:                        Trends in Treasury Management: Faster and Smarter

Presenter:                     Seth Marlowe, Wells Fargo

Location:                      Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                           Sign in 3:15pm, Presentation and Networking 3:30pm – 5pm

Credits:                        1.2 CTP

 

Description:

 

Faster and smarter are 2 themes in Treasury Management for 2016. Faster payments. Faster invoice approvals. Smarter receivables. Smarter payments. This session will address faster and smarter in both the receivables and payables arenas.

 

On the receivables side, there is a critical need for smarter payments. Moving your customers from checks to electronic payments can speed your cash flow but, if you don’t receive the information needed for automated posting along with those payments, cash application can actually take longer than with checks. And remittance information is separated from ACH payments more than 75% of the time.

 

On the payables side, the need for speed centers on receipt and approval of invoices so payments can be initiated. Many companies don’t pursue early payment discount terms due to outdated paper approval and matching processes. For many best-in-class companies, early payment discounts are taken only 66% of the time. Vendor portals and dynamic discounting lead the way in transforming your payables shop.

 

In the business-to-person (B2P) space, checks continue to be the predominant payment type. New smarter B2P payment methods can be integrated into your payables process just like ACH and wires but without having to capture your customer’s banking information.

Learn how these trends can help you to improve AR and AP performance and reduce your transaction processing costs and cycle times.

DECEMBER 14

 

Subject:                       Review of the U.S.  Banking/Cash Management Market Trends and Holiday Social

Presenter:                    Greenwich Associates

Location                       Sacred Heart University, 3 Landmark Square, Stamford, CT 06901 Conference room 3104

Time:                           Sign in 3:15pm, Presentation and Networking, immediately followed with a holiday social, 3:30pm – 6pm

Credits:                        1.2 CTP credits

 

Description:    

 

Review of the U.S. Market Trends from our 2016 Large Corporate Finance Study and Holiday Social

Review market trends in banking, cash management and trade finance including bank quality market leaders and industry best practices, and other competitive information.

Also included will be an e-banking progress report and best features of e-banking platforms. 

 * The FCAFP Holiday Social will follow hosted by Greenwich Associates.

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