Making a difference

Advanced CS-DRMS User Training

The Commonwealth Secretariat Debt Recording and Management System (CS-DRMS) is a world-leading debt software for managing a government's entire debt portfolio. It is more than a repository of debt data, however, and can reinforce best practices in debt management, control operational risk and be used to create innovative analysis and reporting frameworks.

This advanced level course will provide users with the knowledge and confidence to fully adapt CS-DRMS to the operational context. The course will focus on how the system can be fully adapted to specific debt operations and integrated with other systems and can be used to analyse the portfolio, assess sustainability, monitor risks and form part of a debt strategy.

Who should attend
CS-DRMS users with foundation knowledge of the system as well as debt analysts and managers, economists and accountants at national and sub-national level in debt offices, central banks, ministries, state-owned enterprises and parastatals.
Note: You do not have to have attended our Introductory course to take advantage of this course, you must however have a foundation knowledge of CS-DRMS.

How you will benefit
By the end of the course you will be able to:

• develop a borrowing strategy against cost and risk objectives
• analyse the composition of the debt portfolio
• determine sustainability of the debt portfolio
• understand the technicalities of interfacing CS-DRMS to Integrated Financial Management Information Systems (IFMIS)
• interface to risk management tools and for risk analysis

Course profile

• Analysing the debt portfolio in a macro-economic context
• Developing a borrowing strategy
• Undertaking debt sustainability analysis
• Interfacing CS-DRMS in an IFMIS setting including budget and accounts
• Using CS-DRMS with Cost-at-Risk models to determine riskiness of debt portfolios
• Reporting to international financial institutions and conforming to international reporting standards
• Recording complex financial instruments
• Extending CS-DRMS's recording capabilities to record arrears to contractors and suppliers using unique methodology to record contracts
• Using the system for grant recording
• Using CS-DRMS with the Commonwealth Secretariat Securities Auction System for providing a total integrated system solution
• Using CS-DRMS in an operational context including the debt service payment process
• Using CS-DRMS's advanced features including market value debt

The course was tailor-made and well suited to users who need extra tools to maximise the use of CS-DRMS and push its capabilities to the limit.

Ralph Jacob Amartey Ayiku
Assistant Economics Officer
Ministry of Finance & Econimic Planning
Ghana

This course can be considered quite timely and in-depth. Critical areas such as management tools, risk as it relates to debt management and exploring various instruments in CS-DRMS were of utmost importance.

Muriel Guiste-Stuart
Debt Officer
Ministry of Finance & Social Security
Dominica