Session 09 | Texpo Conference
The ACH’s Road to the Future (I)
- Michael Herd, Senior Managing Director, ACH Network Administration, NACHA
- Joe Hussey, Managing Director, North America Payables & Receivables Product Manager, JP Morgan
Thursday, September 3rd
1:30pm - 2:30pm
Same Day ACH is the new tradition in electronic payments. But the roadmap for the future of the ACH is more than that. Learn from NACHA leadership on how the ACH Network is focusing on the payments experience for corporate practitioners and their customers. This session will explore how enhancements to the ACH Network are providing more robust Same Day ACH services and addressing the corporate payments experience in moving from paper to electronic payments.
- Learn how to incorporate Same Day ACH within your current payments strategy and plan for the future as future phases are rolled out.
- Understand how an ACH strategy can help AP/AR through better utilization of payments information, and solutions to easily route and post transactions.
Michael Herd is NACHA’s Senior Vice President for ACH Network Administration. Mike leads Nacha’s ACH Network department, which is responsible for activities that support Nacha’s role as administrator of the U.S. ACH Network, including rulemaking, risk management, compliance, and advocacy. Mike manages the NACHA rulemaking process and its Rules and Operations Committee. Most recently, NACHA’s ACH Network strategic priority has been the implementation and adoption of Same Day ACH capabilities. Mike has been with NACHA for 22 years. His prior roles include strategy and corporate communications, and public relations. Mike has a Bachelor’s degree in Government and Foreign Affairs from the University of Virginia.
Joe Hussey, Managing Director, North America Payables and Receivables, for JP Morgan Treasury Services, manages the development and operational quality of the Corporate Payables suite of products. Joe’s team is focused on developing innovative solutions for the corporate, financial institutions, and public sector industries. Prior to moving into this role, Joe held product management roles in Check, Image, and Corporate Vault products.Joe serves on the NACHA Board of Directors. He is also active in WesPay, a regional payments association; the Electronic Payments Network (EPN) of the New York Clearing House; and Early Warning Systems Wholesale Payments Council. He has also served as the Chairman of NACHA’s Rules and Operations. Joe has been with JP Morgan Chase and its predecessors for 33 years and in Treasury Management Services for the past 23 years. Joe has a B.S. degree in Economics from Purdue University, West Lafayette, Indiana.
Everything You Wanted To Know About the LIBOR to SOFR Transition but Were Afraid To Ask (A)
- Garret Sloan, CFA, Director - Fixed Income, Wells Fargo
- Robert Owens, CPA, Director – Fixed Income Strategy, Farmer Mac
Thursday, September 3rd
1:30pm - 2:30pm
This session will focus on:
- SOFR Calculations: Compounded, Simple, Term, How they Differ and If The Fed’s Published Averages Will Help ARR Market Dynamics
- The differences between and the market impact of New Global Alternative Reference Rates Credit Products
- Will SOFR Work For Credit Markets?
- What’s Been Done, What’s Yet To Be Done?
- Where Derivatives Market Development Is, And Why You Should Care
SOFR Market Volatility:
- Do We Know What We Are Getting Ourselves Into?”
Garret Sloan specializes in short-term fixed income investment strategy and produces the Daily Short Stuff, a daily short-term bond market newsletter, the Money Market Monitor. Garret was a contributing author to the Frank Fabozzi textbook Structured Products and Related Credit Derivatives, and has been quoted in Bloomberg News, Reuters, The Washington Post, Crane’s Money Fund Intelligence and iMoneyNet’s Money Market Insight. Garret earned his Bachelor’s degree in Finance and International Business from the University of Lethbridge in Alberta, Canada and an MBA in Finance from the Marriott School at Brigham Young University. Garret is a Chartered Financial Analyst and a member of the North Carolina Society of Financial Analysts and holds Series 7 and 63 licensures.
Robert Owens is Farmer Mac’s Director of Fixed Income Strategy. He began his career in 1994 at a regional public accounting firm, then moved into litigation consulting at Navigant Consulting. He joined Farmer Mac in 2004 and became a trader on the Capital Markets desk issuing short and long-term debt, rate locking and securitizing agricultural mortgages, and entering into derivative transactions. In 2009, he became head of Farmer Mac’s Capital Markets Department and, in 2014, also became head of Fixed Income Investor Relations. In 2016, he transitioned his capital markets role from operations to developing funding and hedging strategies. Rob received a B.S. in Accounting from Virginia Tech and a MBA with a Finance concentration from the University of Maryland. Rob is a licensed CPA in Virginia.
CTP – Chapter 5 & 6 – Money Markets & Capital Markets (B)
- Dubos Masson, Ph.D, CTP, CertICM, President, The Treasury Academy
- Tyrone Gant, CTP, SVP, Director of Treasury Management, Vector Bank
Thursday, September 3rd
1:30pm - 2:30pm
This session opens with a discussion of the basics of money markets and how they function. The session continues with coverage of the different money market instruments and techniques used for the short-term working capital needs of the company. This session continues with a discussion of the basics of the long-term side of financial and treasury management. The different types of securities discussed include: coupon bonds, convertible bonds, preferred stock and different forms of common stock. The procedures involved in the actual issuance of these securities are covered as well as the role of investment bankers in the process.
D.J. Masson, Ph.D., is President of The Treasury Academy, a training and consulting firm specializing in treasury management, international finance, business forecasting, and risk management. Over the past 25 years, D.J. has provided business and financial consulting and training services to a wide variety of corporations, financial institutions, and not-for-profit organizations in the U.S., Canada, and abroad. He is currently an Associate Clinical Professor of Finance at Indiana University’s Kelly School of Business and is a trainer and curriculum developer for programs with Association for Financial Professionals (AFP), GT News and Association of Corporate Treasurers (ACT) in the U.K, and Citibank’s Global Transactions Services unit. D.J. has extensive experience in developing curriculum for a wide range of teaching and training environments, both residential and on-line. He has developed classes and taught at all levels of higher education: undergraduate, MBA, Executive MBA, and in-house, custom-designed courses. D.J. has worked with professional associations to develop workshop, training materials, and certification programs in the areas of Treasury Management, Credit Management, Global Cash Management, Financial Forecasting, Commercial Banking, and Risk Management. D. J.’s educational background includes a B.A. in Business from the University of New Orleans and an MBA and Ph.D. in Finance from Indiana University. D.J. earned his Certified Cash Manager (CCM/CTP) credential in 1988. D.J. also earned the Cert ICM, an international cash management certification, from the Association of Corporate Treasurers (ACT) in the UK in 1999.
Tyrone Gant, CTP, is the Director of Treasury Management for Vectra Bank Colorado, a division of Zions Bancorporation. Tyrone is a results oriented financial professional with 25 plus years’ experience in the banking industry including leading and executing growth and sales strategies, new business development and treasury management consulting.
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