P_F_02 Treasury Management Policy
The Policy establishes a clear control framework for managing treasury activities and mitigating risks to ensure the objectives are delivered. The Trust can only invest surplus funds solely within the Government Banking Services (GBS) and the National Loans Fund, up to a maximum investment period of three months. The Trust has put in place key controls over the treasury and investment system that include:
- Clear definition of policies, processes and controls including description of roles and duties of the parties involved.
- Regular review of treasury activities.
- Separation of duties between those who set policy and monitor compliance and those who account for treasury activities and
- The inclusion of treasury management activities within the scope of review by internal audit and external audit.