Cash Management

by Bob Lyddon
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • Help your organisation and clients have the right money in the right place at the right time
  • Minimise time spend waiting for money to arrive, minimise the interest paid and maximise the value of your and your clients' money
  • Advise on which domestic and international payment methods are right for your organisation and clients
  • Decide on the best way of collecting payments, including different types of float and Direct Debit collections
  • Understand the impact that electronic banking can have on cash flow
  • Explore the attributes of different types of account that cash balances reside on
  • Assess the benefits of different short-term borrowing and investments instruments

Effective cash management is about having the right money in the right place at the right time - minimising the time spent waiting for money to arrive, minimising the interest we pay, and maximising the value of our money. That sounds easier said than done, but there are a range of techniques that can help your organisation achieve this.

This course will guide you on the mechanisms and techniques available to enhance cash management in your organisation. Gain an understanding of the instruments available to make and collect payments, along with the opportunities and complexities of electronic banking. You'll also be able to identify the key attributes of various account structures and systems as well as short-term borrowing and investment options.

Making payments

  • Cheques, drafts and card payments
  • Individual payments, and bulk and batch payments
  • Urgent payments
  • Opening up a new market
  • A beneficiary claims non-receipt
  • Single Euro Payments Area
  • Multilateral netting

Collecting payments

  • Float in general, and mail, funds and information float
  • Measuring the value of float
  • Receiving a lot of cheques
  • Banking and interchange fees
  • Reversibility risk
  • Direct Debit collections

Electronic banking

  • eBanking
  • Advices of debit and advices of credit
  • Payment templates for individual payments
  • Functions for file handling
  • SWIFT Corporate Access
  • Centralising cash management

Account structures and systems

  • Attributes of a basic current account
  • Tiered, multicurrency and investment accounts
  • Interest enhancement
  • Deciding between pooling and zero-balancing

Short-term borrowing and investment options

  • Advices to receive
  • Short-term loans, bill financing and issuance of commercial paper
  • Call and time deposits
  • Investing in certificates of deposit and purchase of CP
  • Credit risk and credit ratings
  • Liquidity and yield curve risk
  • Drawing up an investment policy

Bob Lyddon is an experienced management consultant both privately and with PwC. Recent engagements include running the IBOS international banking alliance, designing a cross-currency notional pooling service, advising a UK association of payment providers how to access UK and international payment systems, and advising a major player in global payments as to the opportunities and threats arising from the establishment of a new regulator for the UK's payment systems.

Bob is on the faculty of trainers for the UK Association of Corporate Treasurers, and regularly contributes to industry conferences and periodicals.

With PwC, Bob managed several programmes at the time of the initial introduction of the Euro, and prior to that, in a career in international banking spanning 17 years, Bob designed the "Connector" payments network for Bank Boston, and arranged numerous syndicated loans and derivatives transactions for Chemical Bank/Manufacturers Hanover and for Lloyds Bank International.

Bob Lyddon holds a First Class degree in Modern Languages from the University of Cambridge.

ACCA logo

ACCA partner with to provide high quality CPD for members. As an ACCA member, you are required to complete at least 40 relevant units of CPD each year, where one unit is equal to one hour. 21 units must be verifiable; the other 19 can be non-verifiable.

Verifiable CPD
Your course counts as verifiable CPD, if you can answer "yes" to these questions:

  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.