Treasury management

For content on Treasury management, which relates to two broad aspects at WFP: 1) cash management and 2) risk management. Cash management pertains to the management WFP corporate bank accounts in HQ and in the field. This includes the opening and closing of accounts, adding and deleting bank signatories and replenishing the bank accounts. Cash management further includes disbursement methods and payment limit management. Risk management considers foreign exchange risk and counterparty risk. Since WFP is a USD-based organisation, any exposure to other currencies introduces foreign exchange risk to the organisation. Counterparty risk is reduced by maintaining minimal balances in field bank accounts and their banking partners.