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Course, academic year 2023/2024
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Treasury Management - JEM229
Title: Treasury Management
Czech title: Treasury Management
Guaranteed by: Institute of Economic Studies (23-IES)
Faculty: Faculty of Social Sciences
Actual: from 2022
Semester: summer
E-Credits: 5
Examination process: summer s.:combined
Hours per week, examination: summer s.:2/0, Ex [HT]
Capacity: unlimited / unknown (unknown)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
State of the course: taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Additional information:
Note: course can be enrolled in outside the study plan
enabled for web enrollment
priority enrollment if the course is part of the study plan
Guarantor: Mgr. Michal Ranostaj
Teacher(s): Mgr. Petra Bátovská
Mgr. Michal Ranostaj
Class: Courses for incoming students
Files Comments Added by
download Sylabus JEM229_CZ.pdf Sylabus JEM229 / CZ Mgr. Petra Bátovská
download Syllabus JEM229_EN.pdf Syllabus JEM229 / CZ Mgr. Petra Bátovská
Aim of the course -
Last update: Ing. Dagmar Schnellerová (10.09.2021)

§  To introduce students to practical issues of treasury management and subsequent demonstration of theory through discussion and case study of real-world anonymized cases.

§  In addition to the theoretical lecture, the course is focused on acquainting students with practical problems and their solutions, which they will standardly face in practice provided that they plan to focus on some aspects of treasury management.

§  The course is designed to lead students through real-world case studies to the application and integration of knowledge gained in other courses (especially, Corporate Finance, Banking, Financial Accounting, Financial Derivatives, Bank Asset and Liability Management, Company Law, Introduction to International Economic Law, Company Valuation etc.).

§  Each of the courses listed above is a suitable basis for completing this course. However, none of the above courses is a necessary condition (prerequisite) for enlisting to this course, as all the necessary information for successful completion of this course will be provided throughout the lectures.

The course is primarily designed for students of the Banking & Corporate Finance specialisation, however, knowledge gained in the course, is equally relevant to students of other areas of specialisation.

Descriptors -
Last update: Ing. Dagmar Schnellerová (10.09.2021)

After completing the course, the students will:

§  know the rationale behind, and the scope of, treasury management, in relation to business corporations acting in various segments of economy;

§  be familiar with difference options of obtaining funds and managing financing cashflows in relation to various phases of business growth cycle (start-up, expanding business, business in phase of international expansion, well-established business, business in decline, distressed business)

§  acquainted with basic principles and practical implications of managing liquidity, assets & liabilities;

§  familiar with the basic principles of selection of form, timing and relevant market for obtaining sources of financing;

§  acquainted with the various roles and responsibilities of administrative parties participating at the process of financing (arranger, bookrunner, (primary) dealer, manager, agent, security agent (security trustee), primary issuing (fronting) bank);

§  familiarised with the concept of credit risk ringfencing within a group of companies;

§  introduced to concepts of group-level liquidity and credit risk management (umbrella hedging, umbrella insurance and cashpooling);

§  have detail knowledge of benefits and risks associated with standard form of credit facilities (including off-balance financing in the form of standby or documentary Lo/Cs, treasury facilities or tolling);

§  familiarised with the rationale, benefits and risks associated with banking instruments standardly employed in international trade (documentary Lo/Cs) and export financing;

have practical takeaways relating to managing interest-rate and foreign-exchange risks (with practical case studies covering usage of interest-rate swaps, collars, caps, FX forwards and xcurrency swaps);

Course completion requirements -
Last update: Mgr. Petra Bátovská (30.01.2023)

Active participation during lectures, amounting to 10% of the grade
Group project prepared over the course of the semester on the basis of the topics discussed during lectures, amounting to 40% of the grade
Mid-term open-book online exam, amounting to 50% of the grade

Literature -
Last update: Ing. Dagmar Schnellerová (10.09.2021)


§  course presentations

§  additional materials distributed via Moodle UK platform


§  Hawkes, V. (1999). Act Companion to Treasury Management (Chatham House Papers) (2nd ed.). Woodhead Publishing.

§  Know-how materials available on the web of The Association of Corporate Treasurers

§  Bragg, S. M. (2018). Treasurer’s Guidebook: Second Edition: A Practitioner’s Guide (2nd ed.). AccountingTools, Inc.

§  Bragg, S. M. (2010). Treasury Management: The Practitioner's Guide (1st ed.).

§  Sagner S.,  Jacobs H.(2011). Handbook of Corporate Lending: A Guide for Bankers and Financial Managers

§  Grath, A. (2016). The Handbook of International Trade and Finance: The Complete Guide for International Sales, Finance, Shipping and Administration (Fourth ed.). Kogan Page.

Adalsteinsson, G. (2014). The Liquidity Risk Management Guide: From Policy to Pitfalls (The Wiley Finance Series) (1st ed.)

Syllabus -
Last update: Mgr. Petra Bátovská (29.01.2023)

The whole course is scheduled into 13 lectures (1 lecture per week), which corresponds to one semester term:


Subject Matter




Debt & Equity, introduction to Assets & Liabilities Management




Debt – Credit Facility Agreements


Debt Securities


Collateral Arrangements


Refinancing, dealing with refinancing and reinvestment risks


Mid-term exam


Letters of credit


Acquisition Financing – managing funds flow


Interest rate and FX risk management


Evaluation of group project





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