SPECIFIED INVESTMENTS: (All such investments will be sterling denominated, with maturities up to maximum of 1 year, meeting the minimum ‘high’ rating criteria where applicable) Minimum ‘High’ Credit Use Criteria Debt Management Agency Deposit 100% In-house Facility Term deposits – local authorities 100% In-house Term deposits – banks and building Green In-house societies ** Term deposits – banks and building Green Fund Managers societies ** ** The Council has determined that it will only use approved counterparties from countries with a minimum sovereign credit rating of AA-from Fitch or equivalent. Term deposits with nationalised banks and banks and building societies Minimum Max. Max % of total Credit Use maturity investments Criteria period part nationalised blue In-house 100% 364 days banks part nationalised Fund sovereign 100% 364 days banks Managers Banks part nationalised by high In-house Sovereign credit rated and Fund 100% 364 days rating (sovereign rating) Managers countries – non
SPECIFIED INVESTMENTS: (All such investments will be sterling denominated, with maturities up to maximum of 1 year, meeting the minimum ‘high’ rating criteria where applicable) Minimum ‘High’ Credit Criteria Use Debt Management Agency Deposit Facility 100% In-house Term deposits – local authorities 100% In-house Term deposits – banks and building societies ** Green In-house Term deposits – banks and building societies ** Green Fund Managers ** The Council has determined that it will only use approved counterparties from countries with a minimum sovereign credit rating of AA-from Fitch or equivalent. Term deposits with nationalised banks and banks and building societies Minimum Credit Criteria Use Max % of total investments Max. maturity period part nationalised banks blue In-house 100% 364 days part nationalised banks sovereign Fund Managers 100% 364 days Banks part nationalised by high credit rated (sovereign rating) countries – non Sovereign rating In-house and Fund Managers 100% 364 days
Final%20Version%20Appendix%201%20-%20Treasury%20Management%20Strategy%202018-19%20NM.docx