5.2 TREASURY MANAGEMENT PRACTICE (TMP1) CREDIT AND – COUNTERPARTY RISK MANAGEMENT OPTION 1 SPECIFIED INVESTMENTS: (please select from table below) (All such investments will be sterling denominated, with maturities up to maximum of 1 year, meeting the minimum rating criteria where applicable) ‘high’ * Minimum Credit ‘High’ Use Criteria Debt Management Agency Deposit Facility -- In-house Term deposits local authorities -- In-house – Term deposits banks and building societies Green In-house – Term deposits with nationalised banks and banks and building societies *** Max % of Max. * Minimum Credit Use total maturity Criteria investments period UK part nationalised banks Blue In-house £15m 5 yrs Collateralised deposit UK sovereign rating In-house buy and UK Government Gilts UK sovereign rating hold In-house buy and AA- issued by multilateral development banks hold Bond issuance issued by a financial institution which In-house buy and UK sovereign rating is explicitly guaranteed by the UK Government e.g. hold National Rail Sovereign bond issues (other than the UK govt) AA- buy and hold Corporate Bonds secured A In-house – Corporate unsecured AA- In-house – Certificates of deposit issued by and building A- In-house societies Treasury Bills UK sovereign rating In house Instant Access Deposit Accounts AA In-house Collective Investment Schemes structured as Open Ended Investment Companies (OEICs): -
5.2 TREASURY MANAGEMENT PRACTICE (TMP1) – CREDIT AND COUNTERPARTY RISK MANAGEMENT OPTION 1 SPECIFIED INVESTMENTS: (please select from table below) (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 -- In-house Term deposits – local authorities -- In-house Term deposits – banks and building societies Green In-house Term deposits with nationalised banks and banks and building societies * Minimum Credit Criteria Use *** Max % of total investments Max. maturity period UK part nationalised banks Blue In-house £15m 5 yrs Collateralised deposit UK sovereign rating UK Government Gilts UK sovereign rating In-house buy and hold issued by multilateral development banks AA- In-house buy and hold Bond issuance issued by a financial institution which is explicitly guaranteed by the UK Government e.g. National Rail UK sovereign rating In-house buy and hold Sovereign bond issues (other than the UK govt) AA- buy and hold Corporate Bonds – secured A In-house Corporate – unsecured AA- In-house Certificates of deposit issued by and building societies A- In-house Treasury Bills UK sovereign rating In house Instant Access Deposit Accounts AA In-house Collective Investment Schemes structured as Open Ended Investment Companies (OEICs): -
Cherwell2017TMS.docx