Treasury management (or treasury operations) includes management of an enterprise's

holdings. It includes activities like trading in bonds, currencies, financial derivatives and also
encompasses the associated financial risk management.

All banks have departments devoted to treasury management, as do larger corporations. For non-
banking entities, Treasury Management and Cash Management are sometimes used
interchangeably. The treasury operations come under the control of CFO of the concern or the
Vice-President / Director of Finance.

Bank Treasuries may have the following departments:

• A Fixed Income or Money Market desk that is devoted to buying and selling interest
bearing securities
• A Foreign exchange or "FX" desk that buys and sells currencies
• A Capital Markets or Equities desk that deals in shares listed on the stock market.

In addition the Treasury function may also have a Proprietary Trading desk that conducts trading
activities for the bank's own account and capital, an Asset liability management or ALM desk
that manages the risk of interest rate mismatch and liquidity; and a Transfer Pricing or Pooling
function that prices liquidity for business lines (the liability and asset sales teams) within the
bank.

Banks may or may not disclose the prices they charge for Treasury Management products.

http://en.wikipedia.org/wiki/Treasury_management

http://www.investordictionary.com/definition/treasury-management

Treasury operation
Definition
treasury operations) refers to an enterprise' holdings in and trading in government and corporate
bonds, currencies, financial futures, options and derivatives, payment systems and the associated
financial risk management.

All banks have departments devoted to treasury management, as do larger corporations.

Treasury management modules are available for many larger enterprise software systems