The treasury management function both in financial institutions and in businesses in general has achieved an unprecedented degree of sophistication in the last decade. As a result, the task of managing currency-related and interest-rate related risks has been enriched by the appearance of multiple financial instruments that can be used either for speculative or for hedging purposes.

Furthermore, the concentration of increasing levels of liquidity together with the leverage possibilities currently made available by derivative instruments require a rigorous and efficient control of the positions adopted in the different markets. For this reason, the “Advanced Treasury Management Specialisation Programme” will for the first time cover the daily operations of a trading room, providing specific details about the interrelations and potential arbitrage deals between the different desks: spot transactions, interbank, deposits, currency, derivatives, swaps, etc... The Programme will also discuss the functioning of an equity desk, making special reference to arbitrage and relative value strategies.