Association for Financial Professionals Publishes Manual of Treasury Policies

To help practitioners draft written treasury policies, the Association for Financial Professionals has published the AFP Manual of Treasury Policies: Guidelines for Developing Effective Control. The book was developed in partnership with Arthur Andersen, PricewaterhouseCoopers and Treasury Strategies. The AFP Manual of Treasury Policies provides approximately 200 pages of guidance on how to develop policies for the following six core functions: cash collection and concentration, cash forecasting, debt and interest rate risk management, foreign currency risk management, investment, and payments risk. The guidelines describe the relationship of the policy to corporate strategy, the policy development and approval process, the subjects to be addressed by each policy, performance measurement, and the compliance and revision process. Sample policies also illustrate the format and structure described in the guidelines.

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