Workshop Coverage:

Introduction to Working Capital

• Concept of Working Capital
• Working Capital Components
• Importance of Working Capital Financing
• Advantages/disadvantages of excess and short working capital

Analysis of Working Capital Components

• Working Capital Components and their impacts
• Characteristics of different components
• Roles of different components on working capital financing need
• Working Capital Tradeoffs

Principles of Working Capital Management

• Understanding different principles of working capital management
• Principle guidelines on working capital management
• Factors determining working capital requirements

Borrowing Need Analysis

• Why does an enterprise need working-capital financing?
• Various causes of working capital needs
• Understanding different needs and their evaluation

Asset Conversion Cycle Analysis

• What is an asset conversion cycle?
• Operating cycle vs. cash cycle
• Understanding different components of the operating cycle
• Lender's concerns on the operating cycle.

Structuring Working Capital Credit Facilities

• Why proper structuring is necessary
• Basis of structuring working capital facilities
• Different Working Capital Instruments
• Working Capital structure vs. Cash Flow pattern

Working Capital Drawing Power Assessment

• Understanding Working Capital Drawing Power
• Working Capital Limit vs Drawing Power
• Components of drawing power
• Calculation and enforcement of Drawing Power

Working Capital Securitization

• Definition of securitization
• Types of Security instruments
• Charge Documents and Agreements
• Issues on Securitization