In larger treasuries sales people are responsible for the client interface. They talk with clients; their responsibility is to encourage the customer to execute trades with the bank. They are very use [..]

Risk managers are responsible for suggesting the appropriate risk limits to Senior Management. Risk managers build and/or use quantitative risk models to evaluate the amount of risk that is being run [..]

Operations staff are involved in the confirmation, settlement and payment process that takes place after a trade has been completed by a dealer.

Senior management set the budgets and objectives of the Treasury. They usually meet by committee on a weekly basis. This committee is called the Asset Liability Committee, (ALCO). ALCO will discuss im [..]

Internal audit has the responsibility of reviewing and appraising the policies, systems and controls that surround the business units. It should provide senior management with comfort that the control [..]

This is an area of special relevance to treasury; all trading functions are reliant on data capture, processing and transmission. It is common to find that systems provide major problems these include [..]

This term is used in fund management. It is a strategy whereby a fund manager is 100% invested in the stock market but attempts to stock select by investing in shares that he anticipates will go up in [..]

The accounting treatment where profit and losses are taken as a steady stream over the life of the transaction. For example if you make 1% on a $10,000,000 deal that is $100,000 per annum or $273.97 p [..]

The accrued interest on a bond is the amount of interest that it has accumulated since the last coupon payment date. If you purchase a bond you will have to pay the seller the dirty price, this is the [..]

This is the normal convention used to calculate interest payments for money market products. For example the interest due on a $1,000,000 deposit placed for 7 days at a rate of 5.00% would be $1,000,0 [..]