DE LA SALLE UNIVERSITY

RAMON V. DEL ROSARIO COLLEGE OF BUSINESS

FINANCIAL MANAGEMENT DEPARTMENT
UNDERGRADUATE COURSE SYLLABUS, T1,AY 2021-2022

COURSE CODE : FINTREM

COURSE TITLE : FINANCIAL TREASURY MANAGEMENT
PREREQUISITE : FINTMED and INTFINA
CLASS DAYS AND TIME : TH 7:45-9:15 PM
INSTRUCTOR : Ms. Janessa B. Tan
CONSULTATION HOURS : By Appointment

COURSE DESCRIPTION:
TREAMFI (Treasury Management) is an intensive course on the theoretical concepts and practical
applications of the Treasury's role in managing the bank's asset and liability portfolio. The course shall
reacquaint students with the market factors that drive movement in the financial market. More importantly,
the course shall focus on the major functional areas of treasury management - asset liability management,
fixed income, currency, and derivatives (front-office). Risk management (middle-office) and treasury
operations and support (back-office) functions shall likewise be highlighted to show the controls needed to
be set up to effectively manage the risks undertaken by the bank. Overall, the course attempts to provide a
solid framework in which students will understand the Treasury's role and functions and apply the learning
in handling the assets and liabilities of a bank or of any organization.
The pre-requisites for the course are FINTMED and INTFINA. Although not directly required in the
curriculum, it is recommended that the students have already studied basic economic and mathematical
concepts taken in ECONTWO, FMMACRO, BUSMATH, FINMAT1, FINMAT2, and
FINMAN2. Treasury management requires a good grounding in economic concepts especially when
analyzing the behaviour of financial assets to the movement in interest rates and other relevant market
indicators.
The course equips the students with an intermediate knowledge in the treasury management of a bank that
prepares them for careers in asset-liability management, liquidity management, fixed income or currency
trading and dealership, market analysis, and risk management. The topics in the course partly cover the
subject matter of the Treasury Certification Program (TCP) by the Ateneo Center for Continuing Education
and the Bankers Institute of the Philippines and the Fixed Income Market Salesman License Exam by the
Philippine Securities and Exchange Commission (SEC).

This course will be delivered fully online for this A.Y 2020-2021, Term 3. Students are expected to
comply with all the requirements and the submissions online through Animo Space.

Expected Lasallian
Graduate Attributes LEARNING OUTCOMES (LO)
(ELGAs)
Critical and Creative
Thinkers LO1: Describe the Treasury’s responsibilities and activities and justify its
significance in the bank’s business.
Service-driven, ethical, LO2: Demonstrate clear understanding of market trading conventions,
and socially responsible dealing room terminologies, operational processes, and global best
citizens practices in financial markets.

LO3: Determine the market factors that influence movement in interest

rates and foreign exchange.
Effective Communicators
 Reflective life-long LO4: Determine the market factors that influence movement in interest
learners rates and foreign exchange.

RUBRIC FOR ASSESSMENT:

A. Rubric for problem sets and class exercises

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

4 3 2 1

Completeness All problems All problems are Majority of the Majority of the
are correctly solved with problems are problems are
(80%)
solved and minimal solved. not solved.
solutions are mistakes due to
clearly carelessness or
presented. lack of solution.
These show the
logic used to
arrive at the
final answer.

Neatness All problems All problems are Majority of the Majority of the
are solved in an solved in an problems are problems are
(20%)
orderly manner orderly manner solved in an solved
(labels and with proper orderly manner improperly.
solutions, correction of with proper
corrects errors errors. correction of
properly, & errors.
legible
handwriting).

TOTAL:

B. Rubric for case study submissions

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

4 3 2 1

Quality of Complete Proper Proper Incomplete

documentation documentation documentation documentation documentation
, supporting of information of information of information of information.
evidence and which go as stated by as stated by Materials are
use of beyond the the the not used in the
information requirements requirements. requirement. analysis of the
provided. All Materials are Not all paper.
(30%)
materials are used to materials are
used to support support the used to support
the analysis of analysis of the the analysis of
the paper. paper. the paper.

Organization of All information Information Information Organization

ideas and topics are in and topics are and topics are unclear;
logical order. All in logical order. in not paragraph
 (20%) main ideas are Some of the consistently structure poor;
supported by main ideas are organized. transitions
well-explained supported by Some of the poor; the paper
evidence and explanation main ideas are is hard to
analysis. and analysis. supported by follow.
Connections Overall, the explanation
between content and and analysis.
paragraphs and flow of the The content
ideas are clear. paper should and flow of the
Overall, the be clear. paper is not
content and that clear.
flow of the
paper should be
clear.

Proper All problems are All problems Majority of the Majority of the
analysis, correctly solved are solved with problems are problems are
computations, and minimal solved. not solved.
and solutions solutions/action mistakes.
plans are clearly Action
(30%)
presented. The plans/solutions
above shows the are presented.
logic used to Logic is used to
provide financial provide
solutions. financial
solutions.

Neatness of Proper spacing Consistent use Consistent use Inconsistent

paper format and indentation. of spacing and of spacing and use of spacing
Proper use of indentation. indentation. No and
(10%)
tables and Few tables and tables and indentation.
graphs to make graphs. graphs.
the paper
reader-friendly

Grammar No errors in Few errors in Many errors in Incorrect

grammar grammar grammar grammar all
(10%)
throughout the
paper.

TOTAL:

C. Rubric for term paper presentations

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING

4 3 2 1

Content and All information Information and Information Organization

organization and topics are topics are in logical and topics are unclear;
of in logical order. order. Some of the in not paragraph
presentation All main ideas main ideas are consistently structure poor;
are supported supported by organized. transitions
(20%)
by well- explanation and Some of the poor; the
 explained analysis. Overall, main ideas are paper is hard
evidence and the content and supported by to follow.
analysis. flow of the paper explanation
Connections should be clear. and analysis.
between The content
paragraphs and and flow of the
ideas are clear. paper is not
Overall, the that clear.
content and
flow of the
paper should
be clear.

Concreteness, All main topics All topics of the Few topics of Incomplete
clarity, and of the report report were the report were topics were
conciseness should be adequately discussed and discussed and
of the discussed and discussed and summarized. summarized.
presentation summarized. summarized. Incomplete or Analysis and
Analysis and Analysis and no analysis and insights not
(20%)
insights should insights were insights were included in the
be included in sufficiently included in the presentation
the included in the presentation within the
presentation presentation within the allotted time.
within the within the allotted allotted time.
allotted time. time.

Language Correct use of Occasional lapse in Many incorrect Wrong

grammar, good grammar. use of grammar grammar, poor
(20%)
command of and improper vocabulary,
English, and choice of words inappropriate
appropriate word choice
word choice

Audience Establish Generally able to Sometimes No rapport

Impact rapport establish rapport loses the was
through direct with the audience, attention of the established.
(20%)
eye contact, project their voices audience. Gets No eye
confident and well, show some easily contact. Bad
natural body confidence and distracted. body language.
language, and mastery. Occasionally Did not arouse
sustain peaks softly. the interest of
audience Lacks the audience.
interest. confidence. Soft voice
Proper voice projection. No
projection. mastery of the
Mastery of the topic. No
topic. confidence.

Visual and Adequate, Aids are Aids are No visual aids

Audiovisual appropriate, streamlined/clean. cluttered and at all. Too
aids and skillful use Generally easy to difficult to technical.
of media follow and follow. Texts Disorganized
(20%)
and graphics
 enhance the are not and not used
presentation appropriate properly.
and can be
distracting

TOTAL:

OTHER REQUIREMENTS, ASSESSMENTS, AND GRADING SYSTEM:

GRADING COMPONENTS WEIGHT (%)

Midterm 25%
Finals 25%
Term Paper 25%
Presentation 25%
TOTAL 100%
*Note: passing grade is 70%

GRADE POINT EQUIVALENT

97-100 4.0
93-96.99 3.5
89-92.99 3.0
85-88.99 2.5
80-84.99 2.0
75-79.99 1.5
70-74.99 1.0
Below 70 0.0

Learning Plan
LO Topic Learning Expected Output Assessment Wk
Activities Task
01 1. Classroom Synchronous (3
02 Policies/Groupings/Introduction hrs) 1
1.1 Course Overview and Online recitation
requirements/ Discussion of the based on
Syllabus assigned readings
Orientation on
Sessions Policies
Discussion Forum
Q & A about the PPT on Assignment #1
topic on schedule Concept Mapping Group
at the LMS Presentation

Asynchronous
(4.5 hrs)
Journal Reading Productive Formative
Assignments – Discussion on
available online for chat
downloading

Video
(Discussion/Canvas
Chat Tool:
 Reaction Threads
to Questions)
The Treasury Organization Synchronous (3 Online recitation
A. Role of the Treasury Unit hrs) based on 2
B. Responsibility Statement Discussion Forum assigned readings
C. Assets and Liabilities Q & A about the
Committee topic on schedule
D. Organizational Structure at the LMS
E. Delineation of Responsibilities
F. Desk Function in details Asynchronous
G. Code of Ethics (4.5 hrs)
Video
Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions
01 I. Financial Market Analysis Synchronous (3 Online recitation 3
02 A. Marketplace Paradigm hrs)
B. Macroeconomic Indicators and Discussion Forum Performance-
Interpretation Q & A about the based
C. Government Policy Direction topic on schedule Assessment -
D. Inter-Market Linkages and at the LMS Problem Solving
E. Dynamics of Market Behavior
Online Quiz #1
Asynchronous
(4.5 hrs)
Discussion/Canvas
Chat Tool: Submission on
Reaction Threads Canvas Assignment #2
to Questions Assignment tool

Illustrative Case
Study
01 II Foreign Exchange Market Synchronous (6 Online recitation 4-5
02 A. Fundamentals of Foreign Exchange hrs)
B. Cross Rate Derivation and Discussion Forum Group
Application Q & A about the Presentation
C. Foreign Exchange Transactions topic on schedule Derivatives Case
1. Spot at the LMS
2. Forward
3. FX Swap Asynchronous (9
4. FX Options hrs)
Video
Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions
WEEK 6: INDEPENDENT LEARNING 7.5 HRS.
01 III. Money Market Synchronous (3 Online recitation 7
02 A. Banker's Acceptances hrs)
B. Commercial Papers Discussion Forum Performance- Performance-
C. Certificate of Deposits Q & A about the Based Activity - based
D. Repurchase Agreements topic on schedule Problem Solving Assessment -
E. Interbank Deposits/Loans at the LMS (Individual/Online Problem Solving
Group)

Asynchronous
(4.5 hrs)
Video
 Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions
01 IV. Bond Market Synchronous (9 Online recitation 8-
02 A. Fundamentals of Fixed Income hrs) 10
B. Fixed Income Valuation Discussion Forum Performance- Performance-
C. Bond Dealership in the Philippines Q & A about the Based Activity - based
D. The Yield Curve, Spot, and topic on schedule Problem Solving Assessment -
Forward Rates at the LMS (Individual/Online Problem Solving
E. Interest Rate Risk Measurement Group)
F. Fixed Income Transactions

Asynchronous
(13.5 hrs)
Video
Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions

Illustrative Case
Study
03 V. Asset-Liability Management Synchronous (3 Financial Plan Group 11
- A. Liquidity Management hrs) Presentation Presentation
05 1. Liquidity Management Discussion Forum Derivatives Case
2. Nostro Management Q & A about the
3. Reserve Management topic on schedule
B. Rates Portfolio Management at the LMS
1. Fund Transfer Pricing
2. Assets and Liabilities Committee
3. Interest Rate and Gap Management Asynchronous
(4.5 hrs)
Journal Reading
Assignments –
available online for
downloading

Video
Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions
WEEK 12: INDEPENDENT LEARNING 7.5 HRS
VI. Special Topics: Synchronous (3 Financial Plan Group 13
A. Treasury Marketing and hrs) Presentation Presentation
Distribution (Front-liners) Discussion Forum Financial
B. Risk Management (Mid-office) Q & A about the Analysis
1. Credit and Counterparty Risk topic on schedule
2. Market and Liquidity Risk at the LMS
3. Operational Risk
C. Treasury Operations and Support
1. Settlement and Limits Monitoring
2. Accounting
3. Management Reporting
 Asynchronous
(4.5 hrs)
Journal Reading
Assignments –
available online for
downloading

Video
Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions

Discussion/Canvas
Chat Tool:
Reaction Threads
to Questions
01- FINAL 14
05 EXAMINATION

Fourth Hour Activities – Part of asynchronous activities (Total of 14 Hours)

LO TOPIC LEARNING ACTIVITIES REQUIRED WK NO. NO. OF

OUTPUT HOURS

1,2 Treasury Readings: How Do Treasury Dealers Insight 1-4 5

Trading Manage Their Positions? summary
Manageme https://www.newyorkfed.org/medialibra
nt ry/media/research/staff_reports/sr299.pd
f

1,3 Forex Ecology of trading strategies in a forex Insight 4 3

Manageme market for limit and market orders summary
nt https://journals.plos.org/plosone/artic
le?id=10.1371/journal.pone.0208332
1,3 Bond ASEAN+3 Multi-Currency Bond Insight 5 3
Market Issuance Framework: Implementation Summary
Guidelines for the Philippines
https://www.adb.org/publications/ase
an3-multi-currency-bond-issuance-
framework-philippines
1,3 Asset Bank Asset-Liability Management Insight 7 3
Liability Theory Revisited Summary
Manageme http://www.sryahwapublications.com/jo
nt urnal-of-banking-and-finance-
management/pdf/v1-i1/3.pdf
Note: Part of the asynchronous activities
Study Guide
Wk Resources Task Guide Questions/Directions Book/Journal Title, Due
Video Link
1 Online Group Discussion with What are the concepts, Video #1 Treasury 1, 2nd
link assigned leader principles or theories that Introduction: Lesson 1 meeting
Video #1 – Group 1,3,4 guided bank treasury https://www.youtube.co
Video #2 management/? m/watch?v=6mZWkVU
Group 2,5,6 UCgg
 Video #2 Bank Treasury
Management
https://www.youtube.co
m/watch?v=915fjRw1u
Vc
Concept Mapping Prepare a concept map in one Journal Reading: 1, 2nd
Assignment #1 PPT slide Treasury Management meeting
of Core Banking
Deposits
file:///C:/Users/pc/Dow
nloads/JournalofBondTr
adingManagement-
RALewin-ProofCopy.pdf

3 Caselet JP Morgan Chase’s Analyze the given situation. Multinational Business 4, 2nd
(To be Forecasting Accuracy Provide answers to the two Finance, 11th ed., page meeting
posted on (5%) questions. Provide accurate 168
Canvas solutions to your analysis.
Module
tool)
4 Caselet Assignment # 2 (Group) Prepare a foreign exchange Multinational Financial 7, 1st
(To be risk management strategy: Management, 7th edition, meeting
posted on Avon is Calling Asia page 411
Canvas
Module
tool)
8 Caselet Foreign Exchange and Calculate the cost of each Scenario is available on 9, 2nd
(To be Derivate Markets - hedge strategy. canvas module and meeting
posted on Lufthansa Case (5%) Show the risk and return of assignment tool.
Canvas each hedge strategy.
Module Which hedge strategy is the
tool) best and why?

9 Caselet Assignment # 3 Answer the two questions for Multinational Financial 10, 1st
(To be critical thinking. Provide Management, 7th edition, meeting
posted on accurate solutions to the page 603
Canvas analysis.
Module
tool)
10 Hedging Using Present a derivatives hedging 10, 11, 13
11 Derivatives Group of a selected company. meeting
Presentation
Note: Other study guides will be made available per week (as the need arise).
Policies
1. Participate in the class session at twice a week.
2. Read the announcement on Canvas at least a night before the class session.
3. Always check the learning tools/files provided on the Canvas module.
4. Assignments and quizzes are available on Canvas Assignment/Quiz tools.
5. Students who cannot go online can access the recorded conference.
6. Acceptance of late assignments/problem exercises submission with deduction.
7. Utilization of the following for academic consultation: canvas chatbox, Messenger, and Gmail.
8. The class will utilize the Canvas platform. The alternative platform/tools will be emails, Facebook
Messenger, Google meets, and Google Classroom.
9. A student with problems in terms of connectivity and resources shall inform the professor in advance.
10. Please be respectful at all times (ex: chatbox, conference discussion, email conversation, and FB
messenger).
11. Attendance is not part of the summative assessment, but complete submission of the course
requirements is necessary.
12. The final exam and quizzes will be in synchronous mode as possible.
13. Copying quiz, examination, project, presentation, or assignment is cheating.
14. Please observe honesty at all times.
15. Please refer to the Student Handbook on exam policy.

A. References:

Bodie, Z. Kane, A., and Marcus A. (2016). Essentials of Investments (10th edition). Mc Graw-
Hill. Singapore.
Bodie, Z. Kane, A., and Marcus A. (2017). Investments (11th edition). Mc Graw-Hill. Singapore.
Choudhry, M. (2007). Bank Asset and Liability Management: Strategy, Trading, Analysis. Wiley. USA.
Choudhry, M. (2011). An Introduction to Banking: Liquidity Risk and Asset-Liability Management.
Wiley. West Sussex.
Dermine, J. (2014). Bank Valuation and Value-Based Management: Deposit and Loan Pricing,
Performance Evaluation, and Risk Management (2 nd edition). McGraw-Hill. USA.
Esty, B. and Tufano, P. (1994). Banc One Corporation. Harvard Business School Case No: 9-294-079.
Fabozzi, F. (2007). Fixed Income Analysis (2 nd Edition), CFA Investment Series. Wiley. New Jersey,
USA.
Light, J. (1996). The B.F. Goodrich-Rabobank Interest Rate Swap. Harvard Business School Case No: 9-
284-080.
Reilly, F., Brown, K. and Leeds, S. J. (2018). Investment Analysis and Portfolio Management (11th
edition). Thomson/South-Western.
Rose, P. and Hudgins, S. (2010). Bank Management and Financial Services (8th Edition). McGraw-Hill.
USA.
Saunders, A. and Cornett, M. (2017). Financial Institutions Management: A Risk Management Approach
(9th Edition). USA: McGraw-Hill.

B. Other References:

Philippine Agencies, SROs, and

International Authorities News
Bank Associations
http://www.bsp.gov.ph (Links to http://www.fed. (Links to an http://www.bloomberg.com (Links
an external site.) external site.)gov to an external site.)
http://www.treasury.gov.ph (Link http://www.treasury. (Links to http://www.reuters.com (Links to an
s to an external site.) an external site.)gov external site.)
http://www.sec.gov.ph (Links to http://www.nyse.com (Links to http://online.wsj.com (Links to an
an external site.) an external site.) external site.)
http://www.pdex.com.ph (Links http://www.ecb.int (Links to an http://www.ft.com (Links to an
to an external site.) external site.) external site.)
http://www.pse.com.ph (Links to http://www.bbalibor.com (Link http://www.marketwatch.com (Link
an external site.) s to an external site.) s to an external site.)
http://www.mart.com.ph (Links to http://www.imf.org (Links to an
http://www.cnbc.com
an external site.) external site.)

RVR COB CODE OF ETHICS:

As a business leader, I recognize my role in society.

1. My purpose is to lead people and manage resources to promote human development and the
common good and to create value that no single individual can create alone.
2. My decisions affect the well-being of individuals inside and outside my enterprise, today and
tomorrow.
Therefore, I promise that:

1. I will manage with loyalty and care, and will not advance my personal interests at the expense
of my enterprise or society.
2. I will promote socially useful products and services which serve human development, keeping
in mind reasonable access for the poor and underprivileged.
3. I will understand and uphold, in letter and spirit, the laws and contracts governing my conduct
and that of my enterprise.
4. I will refrain from corruption, unfair competition, or business practices harmful to society.
5. I will respect the human rights and dignity of all people affected by my enterprise, and I will
oppose discrimination and exploitation.
6. I will promote a humane and enabling work community within my organization.
7. I will promote the just allocation of resources for all stakeholders of the company.
8. I will respect the right of future generations to advance their standard of living and enjoy a
healthy planet.
9. I will report the performance and risks of my enterprise accurately and honestly.
10. I will invest in developing myself and others, helping the management profession continue to
advance and create sustainable and inclusive prosperity.
11. In exercising my professional duties according to these principles, I recognize that my behavior
must set an example of integrity, eliciting trust and esteem from those I serve. I will remain
accountable to my peers and to society for my actions and for upholding these standards.

Adapted from:

The Global Business Oath (http://theoathproject.org/?page_id=47 )

Vocation of the Business Leader (http://www.stthomas.edu/cathstudies/cst/VocationBusinessLead/)

THE COVENANT FOR SHARED PROSPERITY

The COVID-19 pandemic has shaken the very foundations of our society and economy. It has already
claimed hundreds of Filipino lives and threatens so many more. The resulting government-imposed
quarantines and lockdowns have shut down businesses providing services and products needed by
citizens. This, in turn, has led to devastating loss of income for the many whom we depend on for our
businesses and organizations to function but who are also the most vulnerable in our communities. Many
of these people are now fearful for their lives not just from the virus but from hunger and starvation.
Hence, the current national health crisis, while terrible and disruptive for all of us, also leads us to look
with compassionate eyes at poverty and inequality as core problems plaguing Philippine society that
demand attention from us as the country’s business leaders -- during the pandemic and after.

The Philippine Business Groups (PBGs) support the vision of the government, articulated in Ambisyon
2040, which states that “the Philippines shall be a country where all citizens are free from hunger and
poverty, have equal opportunities, enabled by a fair and just society that is governed with order and unity.
A nation where families live together, thriving in vibrant, culturally diverse and resilient communities.”
We have 20 years to make this happen.

The PBGs realize that our country, like many other countries around the world, is suffering from gross
inequality not only in economic and financial terms but also in the social, environmental and political
aspects of our national life. This gross inequality in our society has been with us for generations fueled by
greed; illegal and unethical practices; callousness to the needs of our communities, especially those at the
bottom of the pyramid; and indifference to Mother Earth by some among us. We seek to end these
practices.

We believe that a way to address inequality in all its forms in our society and to enhance the dignity of
human beings and, thus, achieve inclusive development is for MAP members and member-companies to
collectively mobilize their human, technical, economic and financial resources to ensure ethical wealth
creation and the sharing of prosperity with all their stakeholders.
We also encourage all the colleges and universities offering business and business-related courses to
inculcate and emphasize among their students -- current and next generation of managers -- the principles
and practices of sharing prosperity.

We therefore pledge and commit to:

1. Recruit, train and develop our employees and managers to be the best that they can be
irrespective of gender, alma mater, age, ethnicity and religion; provide just compensation and benefits;
promote meritocracy and encourage work-life harmony;
2. Provide only quality products and services that are of continuing value to our customers;
3. Treat our goods, service and funds providers fairly, ethically and with respect as we expect them
to treat their own workers in their supply chain the same way;
4. Be actively involved in the communities where we operate in with particular attention to the
needs of the disadvantaged in those communities;
5. Protect and preserve the environment for the benefit of current and future generations by
employing environment friendly technologies in all aspects of business operations; and
6. Deliver reasonable and just returns to and fair treatment of our controlling and non-controlling
shareholders.
We pledge to do all these and sign this Covenant for Shared Prosperity on this 5th day of November, 2020.

Prepared by:

Janessa Tan
Faculty

Approved by: Noted by:

MARYCRIS ALBAO Dr. Emilina R. Sarreal

OIC-Chair, FMD Dean, RVR-COB