This is a Fairfield County – AFP (CT) event. The FCAFP invites New England AFP members to attend at no charge. RSVP is required to fcafp@yahoo.com. Please include your name, e-mail address, telephone/cell number and state whether you are a New England AFP member.
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
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:
Speaker: Tuomas Parikka (Corporate Treasury Specialist, Bloomberg L.P.)
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:
Speaker: Alison Fletcher (FX and Economics Market Specialist, Bloomberg L.P.)
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:
Speaker: Robert Baer (Derivatives and Hedge Accounting Specialist, Bloomberg L.P.)
Lunch and take home gift to be provided.
Credits: 4.8