How to be agile in a changing operating environment

EuroFinance’s 9th conference on

Cash, Treasury and Risk Management in Turkey

www.eurofinance.com/turkey

Thursday 4- Friday 5 April 2013Swissôtel The Bosphorus, Istanbul, Turkey

Official lead sponsor Official sponsors Global sponsor

Bircan AkpinarBircan Akpinar, Vice Chairman, Capital Markets Board of Turkey

Taşkın TemizDirector General,DG for Public FinanceTurkish Treasury

Prof. Turalay KençDeputy Governor, Central Bank of the Republic of Turkey

Speakers include

How to be agile in a changing operating environmentTurkey’s economic prospects are healthy. The international ratings agencies think so too. The current account position is improving and inflation pressures are easing.

And yet, Turkish companies have to get used to a very different operating environment. First, there’s the need to adapt to a lower interest rate backdrop with lower yields and higher borrowing costs. Then there’s the global economic growth slowdown, particularly in the core export market of Europe. While the Middle East is taking up some of the slack, companies are being forced to adapt.

On a structural and operational level, there are a whole new set of challenges and reforms that are forcing companies to look at the way they do business. The new Commercial Code requires a different approach to visibility, risk management and reporting. At the same time, cheque reforms are causing companies to look hard at different financing strategies in order to keep liquidity flowing. The need for longer term funding away from simple bank financing is also key. Meanwhile, MNCs operating in Turkey have to look closely at how the country fits into global operations and how it can be a regional hub. This conference addresses all these issues, and more.

Programme highlights 2013 Streamed event focusing on the twin needs of growing

Turkish companies and the needs of MNCs operating in Turkey.

Insight into the Central Bank’s strategy on structural reforms

Turning financing opportunities into reality

Opportunities to benchmark your MNC best practice against peers

Why should you attend? Update on the current and future issues in

treasury and cash management Put your questions to our expert panels of speakers

Hear real-life, tried and tested treasury solutions

Engage in lively debate with your peers

Hear from leading international and regional corporations

Meet face-to-face with leading suppliers and service providers

Conference venue

Swissôtel The Bosphorus Bayildim Cad. No: 2 Macka, Besiktas, Istanbul 34357, Türkiye Tel. +90 212 326 8181 Fax +90 212 326 8282 www.swissotel.com/istanbul

Accommodation is to be booked direct with the hotel reservations department by emailing them on istanbul@swissotel.com or calling +90 212 326 8181.

EuroFinance strongly advises that you reserve your hotel accommodation as soon as possible as rooms will be subject to availability at the time of booking.

Start the networking early!Join our Linkedin Turkey group at

www.eurofinance.com/linkedinturkey

08:00 REGISTRATION, REFRESHMENTS AND EXHIBITION OPENS

09:00 How to be agile in a changing operating environment Companies in Turkey are facing many changes. And in order to be

agile, you need to understand both international and local trends. Whether it’s the backdrop of the global economy or structural shifts in liquidity availability and access to funds, the way you work has to adapt if you want profitable growth. There is plenty of good news – particularly in the way Turkey is perceived on the international capital markets. However, banks around the world are facing their own set of challenges. Basel III has affected global liquidity access. Turkey ’s banks are in a good position. But the way you work with your banks will inevitably evolve. How can both partners remain agile? Alper H. Yüksel, Executive Vice President - Corporate Banking, Akbank

09:30 In search of clarity: Turkey and the world economy There is a lot to be optimistic about. Turkey is now an investment

grade country, inflationary pressures are abating, and the current account situation is improving. But without the stellar growth performance and high interest rates companies have been used to in the past, corporates need a whole new mindset. A low growth environment is something that the whole world has to get used to. The Middle East has stepped up as a market for many of Turkey’s exports, but it’s not that simple. The European economic crisis keeps one traditional export market in abeyance. This discussion will help to provide clarity about what to expect in the future. Prof. Dr. Kerem Alkin, Editor in Chief, Bloomberg HT Dr. Yaşar Erdinç, Lecturer, Marmara University, BSYO, Turkey Melis Metiner, Turkey Economist, HSBC

10:30 REFRESHMENT BREAK

11:10 Taking control of collection and payment terms In the current liquidity challenge after cheque reforms, you need to

know when you are going to get paid. Late payments have become endemic. Visibility and control of your cash is not easy. Should your clients control your collection terms? Knowing your clients and suppliers better, and them getting to know you is key. Client credit evaluation is tricky. How do you reach across your supply chain and get better control of when you are paid and when you pay others? This company shares its experiences.

Mehtap Yılmaz, Corporate Sales and Marketing Vice President, Cash Management and Trade Finance Division, Akbank, Turkey

11:50 The CFO agenda: Optimising liquidity on the big stage CFOs face many challenges these days, not least ensuring optimal

capital structures and raising funds in appropriate markets to secure profitable growth. With all the operational changes in Turkey, it’s often a tough choice how to ensure funds flow to the right place at the right time. What alternative financing sources are available? Even though Turkey’s debt ratings have improved, selling bonds abroad isn’t a picnic. M&A is often more an art than a science, IPOs are a big decision and tapping internal funding sources require a strategic mindset. How well you manage your risk, liquidity and leverage on a daily basis has an impact. These CFOs discuss their strategic thought processes for optimising liquidity and capital structure today. Bulent Beyduz, Group Chief Financial Officer, Erdemir

12:30 LUNCH

DAY 1: PLENARY Thursday 4 April 2013

Chairman: Murat Erden, Head of Treasury and Risk Management, Turkcell Iletisim Hiz A.S.

14:00 Networking collaboration for economies of scale Smaller and medium sized companies may find access to goods,

services and finance less easy than larger ones for simple reasons of economies of scale. Models of collaboration are increasingly evolving in the virtual arena, so why shouldn’t smaller companies band together to access certain goods and services? This session examines networking models such as buyer aggregation where SMEs can gain additional access to distribution, easier operating systems and direct debit systems through a third-party network. How replicable is this to your business?

Abdurrahman Yıldırım, General Manager, OSO A.Ş., Turkey Saruhan Doğan, Executive Vice President Investment Banking and Cash Management, Finansbank A.Ş., Turkey

14:40 The world goes mobile: Should your treasury?

Business to business mobile treasury is coming. Mobile internet banking can offer certain benefits for senior management on the move. View your dashboard, sign payments, manage your bank accounts, transact and react. But is it all hype based on the seduction of what smart phones can provide? Are the security issues resolved? It may be a work in progress, but this company shows how connectivity, visibility and control can be enhanced across the payments space. Melis Tosun Arslan, Solution Design and Implementation Senior Manager, Cash Management, TEB Mustafa Er, Financial Controller, Volvo Car Turkiye Nihat Tuduk, Finance Director, Volvo Car Turkiye

15:20 REFRESHMENT BREAK

16:00 Flexible finance: Choosing the Islamic alternative Islamic financing is difficult and expensive. Is this a myth? Large

issues by the state of Sukuk bonds and plans by corporates to borrow via sukuk are one thing, but selling shariah-compliant participation securities by smaller companies is already underway. Hear the story of how shariah-compliant funding worked at this one company. Hakan Demirel, Treasury Manager, Fleet Corp, Turkey

16:40 Bad cheques bounce back: finding the right answer Cheque reform may have been well intentioned, but many say it

has misfired. Bad cheques have surged after jail terms were scrapped. This has had many consequences for you and your suppliers. Calls for financial risk insurance products and credit worthiness assessment have become higher. When the alternative is not paying until the absolute last deadline rather than on time, often times, your suppliers opt for the former. Bank guarantees aren’t cheap and aren’t easy to monitor. Direct debits are slowly gaining ground. Hear the options available to you right now across your supply chain. Levent Nart, CEO & President, NART Insurance & Reinsurance Brokerage Inc. Ahmet Ali Bugay, Director Risk, Information & Claims, Euler Hermes Sevil Dinçer, Board Member & Assistant General Manager, Strateji Factoring Filiz Ünal, General Secretary, Turkish Factoring Association

17:20 Conference adjourns to Treasury Networking Reception

DAY 1: STREAM 1

Growth tactics in a challenging operational environmentTurkish companies are facing the challenges of the world economy head on. Growing profitably requires you to focus on both operational and strategic issues. This stream focuses on funding alternatives in a lower growth world and mitigating the liquidity challenges in current markets.

Chairman: Murat Erden, Head of Treasury and Risk Management, Turkcell Iletisim Hiz A.S.

14:00 Effective regional structures for MNCs: Using Turkey as a hub

This company shares its experience of a model that uses Turkey as a major hub for a multitude of other countries. What are the administrative challenges of running treasury across multiple markets? How do payments factories and shared services fit into the agenda? How do you maintain cash flow in the light of diverse risks from political to taxation? How can bank relationships be best managed across disparate markets?

14:40 Keeping at arms’ length If the expressions ‘thin tax’, ‘arm’s length’ and ‘transfer pricing’

leave you cold, this session isn’t for you! Every country in the world wants a piece of the multinational tax pie. It’s not surprising that when you are growing, and government finances worldwide are groaning, you will be a target. And many say, ‘rightly so’. How does Turkey fit into the global tax picture? This expert session looks at how MNC best practice tax works here. Ozlem Guc Alıoglu, Tax Practice Team Leader, PwC Turkey

15:20 REFRESHMENT BREAK

16:00 ERP integration: the global conundrum Integrating Turkey into your global systems can be challenging,

you tell us. Turkey local applications are harder to adapt to global standards, difficulties continue with your modules globally with, for instance, SAP as a part of your enterprise resource planning (ERP). Hear what your peers are doing to get over integration issues.

16:40 The centre must hold: Where Turkey fits in your global function

Around the world, local treasuries find it challenging to work with the group. Often there’s a feeling that the headquarters doesn’t understand those of you far away. From the headquarters, there are sometimes concerns that local treasuries have a hoarding or silo mentality which makes cash flow forecasting and liquidity management a real challenge. That applies everywhere in the world in diversified companies. The drive for centralisation has been strong. This group treasurer discusses their concerns operating in Turkey with the on-the-ground staff in open dialogue.

17:20 Conference adjourns to Treasury Networking Reception

DAY 1: STREAM 2

The MNC agenda: Resolving pain pointsIn this stream MNCs discuss and debate the best practices available in Turkey. While there is much cross-over with Turkish companies, many of the issues that concern MNCs operating in Turkey are slightly different. Hear how your peers operate and learn best practice. You don’t have to be an MNC to attend, but this is where the MNC view is aired and shared.

Chairman: Ali Murat Özkeçeli, Treasurer, Goodyear Lastikleri, Turkey

Conference chairman: Murat Erden, Head of Treasury and Risk Management, Turkcell Iletisim Hiz A.S.

08:00 REGISTRATION, REFRESHMENTS AND EXHIBITION OPENS

09:00 Structural reforms: Concrete steps and your company Turkey’s current account deficit is a constant thorn in its side. The Central Bank has a plan. Headline monetary and fiscal measures are one thing, but the practical impact on your company and your competitiveness are quite another. How will this affect your company? Prof. Turalay Kenç, Deputy Governor, Central Bank of the Republic of Turkey

09:30 Developing the domestic corporate debt markets: Ready, set, go? Good news. Higher ratings for Turkish sovereign bonds herald the way for easier access to the debt markets internationally, and for investors into the local markets too. But there is still a gap in one part of the debt market – corporate bond issuance. The preconditions are getting more favourable. The Turkish Treasury is playing its part in developing the domestic capital markets. It is trying not to crowd out the short dated end of the debt markets by avoiding issuing in that part of the yield curve. Interest rates are low. Attempts to stimulate investor demand further down the yield curve through creating a pensions market continue. Corporates are starting to try and reduce their reliance on bank lending. And yet, outside the banking sector, issuance still isn’t soaring. What’s needed to get things going? The state’s issuance of Sukuk bonds is also hoped to be a benchmark for corporates too in this part of the market. Hear how corporates can tap the local markets and how to create a “funding brand”. Moderated by: Dr. Riza Kadilar, Representative, Senior Country Manager, PRAMEX International, Turkey Prof. Turalay Kenç, Deputy Governor, Central Bank of the Republic of Turkey Bircan Akpinar, Vice Chairman, Capital Markets Board of Turkey Taşkın Temiz, Director General, DG for Public Finance, Turkish Treasury

10:20 REFRESHMENT BREAK

11:00 Getting to the spirit of the Commercial Code Risk management can sometimes be described as a journey not a destination. You now have to have a risk management committee. But with no supporting explanation for Article 378 in the Commercial Code, it is tempting to use any dilutions in the original ambitions as an excuse for a limited ‘check box’ reporting exercise. But forward-looking companies are paying attention to the underlying philosophy and principles rather than simply the rules. This company has developed a risk reporting format for the new Commercial Code that is used elsewhere as a benchmark, and it takes a view of the risks that embraces the spirit of the Code and not just the letter. Is it a new lease of life for Enterprise Risk Management? How far has it managed to achieve its goals and what lessons have been learned? How can its experiences be replicated in other companies? Cumhur Bilgili, PhD., Risk Manager, Brisa Bridgestone Sabancı Tire Manufacturing and Trading Inc., Turkey

11:40 Treasury Verdict:

EuroFinance runs events in over 30 markets and speaks to several thousand treasurers and CFOs each year around the globe through its research programmes and networking groups. How do your views compare with those of the rest of the world? This session features polling on topical issues from business confidence to growth opportunities, risks and regulation. An expert panel of treasury professionals is on hand to analyse the trends and deepen the discussion.

Sponsored by:

12:20 Playing on the big stage Raising finance by going on the public markets is the most visible and daunting process. The biggest judge of your value will be your potential shareholders. Investor relations, attracting attention and reporting accurately is both an art and a science. It’s not an easy process, and not a step to be taken lightly. This company recently went onto the big stage by launching an IPO. How did it decide on the steps to take? What regulations and disclosures did it have to follow? What was the decision process made about pricing and what were the perils and pitfalls of the whole IPO process. Has it been worth it in the longer run? Nevgül Bilsel Safkan, Assistant General Manager Finance, Teknosa İç ve Dış Tic. A.Ş. Gamze Hacaloğlu Harman, Financial Controller , Teknosa İç ve Dış Tic. A.Ş.

12:50 LUNCH

DAY 2: PLENARY Friday 5 April 2013

DAY 2: STREAM 1

Growth tactics in a challenging operational environmentTurkish companies are facing the challenges of the world economy head on. Growing profitably requires you to focus on both operational and strategic issues. This stream focuses on funding alternatives in a lower growth world and mitigating the liquidity challenges in current markets

Chairman: Murat Erden, Head of Treasury and Risk Management, Turkcell Iletisim Hiz A.S.

14:00 Segmentation and funding: SMEs get ahead Access to bank finance is becoming a challenge to many of you. That’s in part because of different collateral and pricing policies of banks to SME, commercial and corporate segments, you tell us. Self-financing alternatives have to be explored. For smaller companies, your perceived credit quality may prevent you from accessing bank funding. There are other ways, though, many are being explored here. What about access to internal funding such as tapping your trade receivables or using different methods of grouping together to cut your costs via aggregation? This SME explains its strategies. Semih Seval, Partner, Doğanpak Ambalaj San. ve Tic. Ltd.Şti.

14:40 Alternative payment and collection systems to improve clarity It’s important, in a time of increased uncertainty about whether and when you will be paid, to ensure continuity of liquidity. That’s even more so since the cheque reforms last year. This company runs its supplier payments through invoice discounting with its bank. That means it presents invoices to the bank and receives short term credits at a discount. The company can then make its payments without pain and its suppliers can ensure continuity and timeliness of their receivables. What have been the plus points and challenges along the way?

15:20 REFRESHMENT BREAK

16:00 PLENARY SESSIONS RESUME

PLENARY SESSIONS RESUME

DAY 2 Friday 5 April 2013

16:00 Moving up the agenda: Trade receivables insurance Trade receivables insurance is emerging as one good alternative to

post dated cheques for many companies, aided in part by the effects of the new law on cheque reform. It helps prevent risk – often before the risk itself has materialised. Many companies find they can conduct business with confidence and grow sales both domestically and internationally by protecting cash flow while insuring receivables against the risk of non-payment. How does the product work, how expensive is it and what advantages are there in comparison to other financing alternatives? Eren Ziya Dik, Finance Director, Aksa Akrilik Kimya Sanayi A.Ş.,Turkey Özlem Özüner, CEO, Euler Hermes, Turkey

16:40 Meet the expert exporters If you are an exporter finding your bank funding too expensive, and

insurance for your exports just too pricey, there may be an answer. Export credit agencies (ECAs) are known globally for insurance and guarantee schemes – helping companies to extend terms in regions like Africa. But rarely do they actively lend directly, like commercial banks. This ECA lends money in TL and receives in other currencies, hence increasing Turkey’s national forex reserves (and managing the currency). Turk Eximbank is becoming more active and developing business. Short term sellers’ credits are also gaining traction as an alternative to factoring. What are the implications for treasury? How can you, as an exporter, take advantage of this along with the guarantee and insurance products offered? Banu Erkok, Manager of Claims Department, Türk Exim Bank , Head of Department Insurance & Guarantee, Türk Exim Bank

17:20 Conference Closes

Corporate Risk ManagementWednesday 3 April 2013

Pre-conference training

The more global you become the more risks you face, from interest rate exposure management to FX volatility; you need to understand how to hedge your exposures with the right products. This course will cover foreign exchange markets, management of short term interest rate risk, interest rate and currency swaps, currency and interest rate options and exposure management giving you confidence to immediately apply your newly acquired knowledge upon your return to the office.

08:30 REGISTRATION AND REFRESHMENTS

09:00 Welcome and Opening Remarks

09:10 The Foreign Exchange Market• Spotexchangerates,reciprocalratesandcrossrates• Forwardoutrightsandswapsandtheiruses• Therelationshipwiththemoneymarkets• Coveredinterestarbitrage• Shortdates• Timeoptions• Forward/forwardrates• Non-deliverableforwards

10:00 Management of Short-term Interest Rate Risk• Forward/forwardinterestrates• Theyieldcurve• Forwardrateagreements(FRAs)• themechanics• usesbyborrowersanddepositors• Interestratefutures:• Pricing• themechanicsoftrading• futurescomparedtoFRAs

10:45 REFRESHMENT BREAK

11:00 Interest Rate Swaps• Conceptsandmechanicsofswaps• Swappricing:• long-termswapsandcreditarbitrage• short-termswapsandFRAs/futures• Applications;assetandliabilityswaps• Calculatingtheall-incostofborrowing• Calculatingtheall-inreturnonaninvestment

12:00 Currency Swaps• Currencyswappricing• Applications• hedgingcommercialflows• assetandliabilityswaps• Comparisonwithforeignexchangeforwards

13:00 LUNCH

14:00 Currency and Interest Rate Options• Optionterminologyandmarkets• Pricing:• underlyingconcepts• EuropeanandAmericanoptions• Choosingbetweenoptionsandforwards• Hybrid/syntheticinstruments• rangeforwards,participationforwards,breakforwards• caps,floors,collarsandzero-coststructures• Surveyofexoticoptions• barrieroptions,averageoptions

15:30 REFRESHMENT BREAK

16:00 Exposure Management• Definitionandanalysisofdifferenttypesofexposure:• transaction• translation• economic/competitive• CorporateattitudesandwritingacompanyFXpolicy• Structureofresponsibilityandproceduresformakingdecisions• Reportingandperformanceevaluation• Hedgingtechniquesandstrategy• Currencydebtmanagement

17:00 End of course

EuroFinance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final autho rity on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addres sed to the National Registry of CPE Sponsors, 150 Fourth Avenue

North, Suite 700, Nashville, TN, 37219-2417; Website: http://www.nasba.orgFor more information regarding refund, complaint and can cellation policies, contact EuroFinance on +44 (0)20 7576 8555.

Earn up to 7 CPE creditsDelivery method: group-liveProgramme level: intermediate No prerequisites or advanced preparation required

DAY 2: STREAM 2

The MNC agenda: Resolving pain pointsIn this stream MNCs discuss and debate the best practices available in Turkey. While there is much cross-over with Turkish companies, many of the issues that concern MNCs operating in Turkey are slightly different. Hear how your peers operate and learn best practice. You don’t have to be an MNC to attend, but this is where the MNC view is aired and shared.

Chairman: Ali Murat Özkeçeli, Treasurer, Goodyear Lastikleri, Turkey

14:00 Bank and corporate panel: Local versus global?

It’s a tricky issue for many MNCs – to what extent can they concentrate their banking relationships so that Turkey fits seamlessly into the international offering? What are the limitations both real and perceived (by HQs)? Turkish banks are robust and often in a better state than the banks elsewhere in the world, often with better capital adequacy and good connectivity solutions. Using local banks for collections is also a USP. Conversely, what can be done to improve global banks’ offering in Turkey? Alper H. Yüksel, Executive Vice President - Corporate Banking, Akbank Levent Çelebioğlu, Assistant General Manager Corporate Banking and Financial Institutions, TEB

14:40 The cash trap: Best practice cash management in the world context

Your HQ often regards Turkey as a cash trap. How do you best keep liquidity flowing around your company when your international global liquidity options only seem to start at the borders? How do Turkey’s regulation, legal entity structure, tax and local payment practices fit in the design parameters of MNCs headquartered outside the country? There are many alternatives to costly cash so what are the main issues involved in optimising your cash management and liquidity?

15:20 REFRESHMENT BREAK

16:00 PLENARY SESSIONS RESUME

Official sponsors

Finansbank, Turkey’s 5th largest private bank in terms of assets was established in 1987. In 2006, the Bank was acquired by National Bank of Greece (NBG) .A story of success written over 25 years, Finansbank sets the standards of leadership in the Turkish Banking Sector. Growing at a tremendous pace in such a short time, Finansbank continues to render innovative banking services to its customers with 568 branches and more than 12.000 employees. Its competent and dynamic human resources, unique technological infrastructure, customer-centric service approach, innovative products and services offered with strict adherence to quality carry Finansbank to a leading position in the Turkish banking sector. Finansbank operates in every segment of the banking sector including corporate, commercial, SME, retail and private banking. Finansbank provides services with its financial subsidiaries in pension and life, leasing, factoring and securities as well.

Contact: Okay Yıldırım, Head of Cash Management, Finansbank A.Ş. e-mail: okay.yildirim@finansbank.com.tr www.finansbank.com.tr

Would you like to sponsor or exhibit at this event?There are a limited number of sponsorship and exhibition opportunities available. If you have products or services to offer corporate treasurers and finance directors, then this is the ideal opportunity to demonstrate them, please call Susan Christopherson on +44 (0)7717 704 262 or email susanchristopherson@eurofinance.com for more information.

Türk Ekonomi Bankası (TEB), the prestigious and privileged financial institu-tion in the Turkish banking sector engaged in banking activities since 1927, has been rendering services to ensure nation-wide economic growth since 85 years.

With its ever-expanding branch network and wide range of products and ser-vices, TEB continues its brokerage operations in a set of different financial fields such as investment, leasing, factoring and portfolio management.

With almost 10.000 personnel and over 500 branches throughout Turkey, Türk Ekonomi Bankası (TEB) offers high quality banking and financial services to individual clients and any other members of our national economy ranging from craftsmen to SME and large-scale industrial concerns. As a public foun-dation, TEB also provides value to Turkish investors.

www.teb.com.tr

Sponsors and exhibitors

Official lead sponsor

With a consolidated asset size of over USD 92 billion, strong and extensive national distribution network comprising over 960 branches and around 16,500 employees, Akbank is one of the most valuable companies in Turkey in terms of its market capitalisation. Akbank is consecutively rewarded “the Most Valuable Banking Brand in Turkey” according to the “Brand Finance - Banking 500, 2013“ report.

In addition to its core banking activities, Akbank offers a wide range of corporate, commercial and SME, consumer and private banking services as well as foreign trade financing. As the first local bank to introduce “Transaction Banking” concept into the sector, Akbank added foreign trade into its product range to provide exclusive solutions. The bank con-ducts overseas operations through its subsidiaries in Germany (Akbank AG) and Dubai (Akbank Dubai Limited) along with a branch in Malta.

Akbank’s robust capital, low leverage, high level of liquidity and effective risk management policy constitute its pillars of strength and support the Bank’s profitable growth. Akbank’s local subsidiaries are Ak Securities, Ak Asset Management and Ak Lease.

Since its inception, Akbank continously reviews and upgrades its operations and business processes to ensure the sustain-ability of its stakeholder’s welfare. Implementing its corporate social responsibility activities to create sustainable value, Akbank significantly contributes to the further progress of the society through the diverse projects such as culture&arts, education, entrepreneurship and environment which it undertakes and supports.

Euler Hermes is the global leader in credit insurance with 34% market share, with over 6000 employees and offices in over 50 countries. The Group helps businesses grow in both their local and export markets with its assistance in accounts receivables and risk management, including insurance, assessment, indemnification and debt collection services. A subsidiary of Allianz, Euler Hermes covered €702 billion worth of worldwide business transactions in 2011. Established in 1893, the Group helps its clients control credit risk better in their operations and supports its customers in strategic decision making, such as the identification of new markets to enter, with its over 100 years of expertise in credit insurance markets, unique database that enables up-to-date financial monitoring of more than 40 million companies and expert consultants. Euler Hermes announced a consolidated turnover of € 2.27 billion in 2011. The group processes daily 20,000 credit limit requests and more than 80% of the decisions are finalized within 48 hours and stands out among its com-petitors with its high level of customer satisfaction. Euler Hermes is listed on Euronext Paris and holds an AA- rate from Standard & Poor’s.

Contact: Gürcan Fidan, Sales Manager

Gurcan.fidan@eulerhermes.com T:0212 290 76 10 Ext:120

Exhibitors

Global sponsor

Official publication Media partners

Sponsors and exhibitors

HSBC is one of the world’s largest banking and financial services organisa-tions. With around 6,900 offices in both established and fast-growing mar-kets serving around 60 million customers HSBC’s network covers over 80 countries and territories in Europe, the Asia-Pacific region, the Middle East, Africa, North America and Latin America.

HSBC aims to be acknowledged as the world’s leading international bank. Today HSBC serves Turkey with a full range of products and services HSBC Bank A.Ş entered the Turkish market in 1990 and established its presence on the pillars of the strength and prowess of the HSBC Group. HSBC Turkey plays an important role in the economy with 339 branches in 62 cities and active 2 million customers served by over 6,000 employees.

www.hsbc.com.tr

Official sponsors

Register and pay by Friday 1 March 2013 for major discounts

Official PR agency

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Cash, Treasury and Risk Management in TurkeyThursday 4- Friday 5 April 2013, Istanbul, Turkey

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Please invoice me/my company

Bank transfer to: Barclays Bank PLCAccount name: EuroFinance Conferences LtdSort code: 20-67-59Account no: 87799655SWIFT: BARCGB22IBAN: GB30BARC20675987799655Include delegate name and the code 442 in the transmission details.

3 easy ways to register:

For all enquiries call +44 (0)20 7576 8555 or email registrations@eurofinance.com

Online: www.eurofinance.com/turkeyFax: Complete, detach and fax form to +44 (0)20 7576 8531Post: EuroFinance, Floor 5, 20 Cabot Square, Canary Wharf, LONDON E14 4QW

*EuroFinance regrets that accounting and financial consultants are not permitted to attend this training course and will refuse admission on this basis.

Members of the corporate treasury or finance functions in corporations Early reg Full reg

2-day conference US$735 US$995 2-day conference + 1 day training course* US$1,425 US$1,775 1-day training course* US$835 US$999

Delegate prices

Financial institutions/system suppliers/consultants/lawyers/accountants Early reg Full reg

2-day conference US$975 US$1,235 2-day conference + 1 day training course* US$1,745 US$2,095 1-day training course* US$835 US$999

Register and pay by Friday 1st March 2013 to qualify for the early registration discount. If payment is not received by this date, you will be charged the full registration fee.Please make a selection:

Register and pay by Friday 1 March 2013 for major discounts