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May 07, 2013
INTRODUCTION TO TREASURY MANAGEMENT (MAY 16 - 17, 2013)
Good treasury management is essential to business efficiency; treasurers are responsible for the management of large funds that must be managed effectively to generate the kind of returns that the stakeholders are expecting in the face of liquidity crunch and stiff competition. To achieve these, those involved in treasury management may need to borrow in the money market, raise funds through long-term debt instruments or trade in foreign exchange. Risk management is a key element in successful treasury management, as part of the risk management process; Treasurers have to manage exposure to currency and interest rate fluctuations. The challenge of managing the treasury function becomes tougher in the face of controlled interest rate regime. The major challenge is how do you fund at a lower cost so that you can ensure a margin that could remain profitable? It is therefore in response to the challenges of treasury management in a stifling financial environment that the Financial Markets Dealers Association has designed this course to position treasury/finance staff of your organization for the process of managing funds, ensuring liquidity and profitability as well as mitigating risks in carrying out their treasury/finance functions. ...more
ASSET AND LIABILITY MANAGEMENT COURSE (MAY 21 - 22, 2013)
Asset and Liability Management has become a risk management technique designed to earn adequate returns while maintaining a comfortable level of liquidity. It takes into consideration interest rates, earning power and degree of willingness to take on debt. All financial institutions today can no longer ignore it, especially in the face of the current financial restructuring. ...more
Apr 24, 2013
MARKETING OF FINANCIAL SERVICES COURSE ( MAY 14 - 15, 2013)
The financial services market has become tougher and more competitive, but this again offers an opportunity for innovative and creative techniques in winning, managing and retaining a good market share. To achieve this, efforts of marketing staff must translate to profitable sales. Customers define themselves through the brands or vendors they choose. ...more
Tenor Swap Forward Fixings Date
Spot 158.2000 / 158.3000 22 May, 2013
7 Day 0.3206 / 0.3208 158.5206 / 158.6208 22 May, 2013
14 Day 0.6459 / 0.6463 158.8459 / 158.9463 22 May, 2013
21 Day 0.9762 / 0.9769 159.1762 / 159.2769 22 May, 2013
30 Day 1.4081 / 1.4090 159.6081 / 159.7090 22 May, 2013
60 Day 2.8943 / 2.8961 161.0943 / 161.1961 22 May, 2013
90 Day 4.4388 / 4.4416 162.6388 / 162.7416 22 May, 2013
180 Day 8.9503 / 8.9560 167.1503 / 167.2560 22 May, 2013
Tenor Rate Chng Date
Call 10.2500 0.00 22 May, 2013
7 Day 10.5833 0.00 22 May, 2013
30 Day 10.8750 0.00 22 May, 2013
60 Day 11.2083 0.00 22 May, 2013
90 Day 11.5000 0.04 22 May, 2013
Tenor Rate Chng Date
1 Month 11.5314 -0.00 22 May, 2013
2 Months 11.5559 -0.07 22 May, 2013
3 Months 11.5882 -0.06 22 May, 2013
6 Months 12.2521 -0.00 22 May, 2013
9 Months 12.2720 0.00 22 May, 2013
12 Months 12.6094 -0.02 22 May, 2013
Tenor Amount (N'millions) Rate Issue Date
91 Day 22,057.31 10.30 08 May, 2013
182 Day 30,000.00 11.59 08 May, 2013
1 Year 105,000.00 11.68 08 May, 2013