>> Assessment Procedures – Treasury Funding.

• The lack of a proper treasury function within the client led to significant unexplained liquidity needs. The treasury management was done de facto by the Operations department at the end of day looking at the bank account balance.

• No balance sheet management tool allowed to break down the firm's cash needs by activity.

• The goal of this project was to organize the set-up of a treasury function within the client by defining all rules/ processes / procedures pertaining to treasury management.

• As part of the assignment, Investance also reviewed, assessed all ancillary processes having an impact on the current funding process. This includes the clearing model and the impact of claims and fails.