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Treasury management (or treasury operations) entails management of an enterprise's financial holdings, focusing on [1] the firm's liquidity, and mitigating its financial-, operational-and reputational risk. Treasury Management's scope thus includes the firm's collections, disbursements, concentration, investment and funding activities.
The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer. [citation needed]
Associates use the designatory letters AMCT, while members are entitled to use the letters MCT. Fellowship is the highest level of membership of the Association and confers the right to use the designatory letters FCT. It is a public recognition of the fact that the individual has made a contribution to the treasury profession.
The Assistant Secretary of the Treasury for Management, Chief Financial Officer, and Chief Performance Officer (ASM/CFO/CPO) is the principal policy advisor to the Secretary and Deputy Secretary on the development and execution of the budget for the Department of the Treasury and the internal management of the Department and its bureaus.
The treasurer of the United States is an officer in the United States Department of the Treasury who serves as the custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage production functions. The current acting treasurer of the United States is Patricia Collins since ...
The position has powers and responsibilities similar to those of the United States Secretary of the Treasury and the Treasurer of the United States, or the chief financial officer of a corporation. Current state treasurers or equivalents
A treasury is either A government department related to finance and taxation , a finance ministry ; in a business context, corporate treasury . A place or location where treasure , such as currency or precious items are kept.
Scott Kenneth Homer Bessent was born on August 21, 1962, [9] the oldest of three children of Barbara (née McLeod) and Homer Gaston Bessent Jr., a real estate agent. [10] [11] [12] He is of French Huguenot ancestry.
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