Course for AITI - Treasury management with investment certificates: protection and performance

Treasury management with investment certificates: protection and performance  - REGISTER

MODULE #1 – 18 June 2024, 17.00 -18.30
Treasury management - introduction to certificates

Teachers:
Giovanna Zanotti – Scientific Director of ACEPI and Full Professor of Università di Bergamo
Pierpaolo Scanurra – CEO – Certificati e Derivati

Treasury management with traditional instruments and certificates

• Government bonds
• Corporate bonds
• ETFs
• Actions
• Certificates
• Comparison between Certificates and other tools Introduction to certificates, main types
• Categories ACEPI
• Main types of protected capital
• Main types of conditional protected capital
• The asymmetric behaviour of certificates: protection and coupon flow.

MODULE #2 – 2 July 2024 dalle 2024, 17.00 -18.30

Tax, balance sheet classification, liquidity management solutions and strategies with certificates

TLecturers:

Teachers:
Giovanna Zanotti – Scientific Director of ACEPI and Full Professor of Università di Bergamo
Pierpaolo Scanurra – CEO – Certificati e Derivati
Paolo Ludovici – Partner at the Studio Gatti Pavesi Bianchi Ludovici

  • Taxation of capital gains and main distinctions between micro-enterprises and companies with share capital
  • Taxation for gross taxable persons
  • Taxation and compensation of P&L in Italy
  • Comparisons between different financial income tax regimes The fair value rule for the classification in the financial statements
  • Differences between fair value and book value
  • How to calculate the fair value (at accounting - balance sheet level) Solutions for liquidity management
  • Short-term certificates with capital protection Rolling discount strategies
  • How to plan a strategy that can generate cash flows on a quarterly basis Certificates with collateral for the reduction of issuer risk
  • TCM and collateral, how to minimize the issuer risk in certificates