5.4 Accounting treatment of investments The accounting treatment may differ from the underlying cash transactions arising from investment decisions made by this Council. To ensure that the Council is protected from any adverse revenue impact which may arise from these differences, we will review the accounting implications of new transactions before they are undertaken. NON-SPECIFIED INVESTMENTS: 1. Maturities of ANY period Max % of Max. Minimum Use total maturity Credit Criteria investments period Fixed term deposits with variable rate and Green In-house 20 3 years variable maturities: deposits Commercial paper issuance covered by a UK sovereign Fund 20 3 years specific UK Government rating or green Managers (explicit) guarantee Commercial paper issuance covered by a Fund sovereign 20 3 years specific UK Government Managers (explicit) guarantee F1+, AA- This is a strong rating - You are Fund Commercial paper other 20 3 years required to put Managers the minimum rating here F1+, AA- This is a strong rating - You are Fund Corporate bonds 20 3 years required to put Managers the minimum rating here Other debt issuance by banks covered by UK Fund sovereign 20 3 years Government (explicit) Managers guarantee AA- This is a strong rating - You are Fund Floating rate notes 20 3 years required to put Managers the minimum rating here (Property Funds do In house not have credit Property fund and Fund 20 10 years ratings) Managers
5.4 Accounting treatment of investments The accounting treatment may differ from the underlying cash transactions arising from investment decisions made by this Council. To ensure that the Council is protected from any adverse revenue impact which may arise from these differences, we will review the accounting implications of new transactions before they are undertaken. NON-SPECIFIED INVESTMENTS: 1. Maturities of ANY period Minimum Credit Criteria Use Max % of total investments Max. maturity period Fixed term deposits with variable rate and variable maturities: deposits Green In-house 20 3 years Commercial paper issuance covered by a specific UK Government (explicit) guarantee UK sovereign rating or green Fund Managers 20 3 years Commercial paper issuance covered by a specific UK Government (explicit) guarantee sovereign Fund Managers 20 3 years Commercial paper other F1+, AA- This is a strong rating - You are required to put the minimum rating here Fund Managers 20 3 years Corporate bonds F1+, AA- This is a strong rating - You are required to put the minimum rating here Fund Managers 20 3 years Other debt issuance by banks covered by UK Government (explicit) guarantee sovereign Fund Managers 20 3 years Floating rate notes AA- This is a strong rating - You are required to put the minimum rating here Fund Managers 20 3 years Property fund (Property Funds do not have credit ratings) In house and Fund Managers 20 10 years
Final%20Version%20Appendix%201%20-%20Treasury%20Management%20Strategy%202018-19%20NM.docx