By Leonardo Orlando

Treasury is a broaden concept which can assume different shapes according to the context it refers to. It is commonly recognised that treasury is associated with the word “cash”, which is generally true, in the sense that treasury management affects the cash position of the entity it relates with. But if we refer to a bank, where the core business is focused on cash, it becomes more difficult to identify the treasury boundaries. Then the first main question we want to provide an answer with is «What is the Treasury Function scope»?