CIPFA Scottish Branch Treasury Management Forum 17th February 2006

1
CIPFA Scottish BranchTreasury Management
Forum17th February 2006

• Successful Treasury Management in the Prudential
  World

2
Tradition (UK) Ltd

• Stuart Selleck Director
• A Window on the World

3
The Domestic Market

• Overview
• The Market 2005
• The Market 2006

4
The Global Economy

• Inextricably Entwined
• Foreign Exchange Market
• Commodities Market
• World Interest Rates

5
Market Forces

• Fear Greed
• Derivatives
• Speculation
• The Herd Instinct
• Economic Statistics
• Economists Forecasts (with Hindsight)

6
The Market Response

• Volatility
• Yield Curve Change
• Government Intervention
• Consultants / Market Theory
• Brokers / Market Practice

7
The Way Forward

• Speed of Response
• Investment Decisions
• Lending Powers
• Staff Training