[Samantha]

Hello,

I was hoping someone can share their investment policies with me, that show holding amounts etc relating to credit ratings that adhere to the PRA guidelines.

We currently have an internal policy that gives a percentage of funds we can hold per institution based off credit ratings basis and looking to see if we are limiting ourselves or if other credit unions have the same view.

Also we are currently looking into cash management platforms, and wondering if credit unions that do use the likes of ‘Insignis’ could provide some insight into how this looks in your policies and what mitigations you have in place. For example, there are investments at good interest rates for a 1 month fixed. We want to try and write the policy where we control risk for our members and their monies (internally) but at the same time where I am not going to the board for approval every month with 6 different investment recommendations to move money between institutions. My first initial thought is for the board to agree a set amount that can be lodged on the cash management platform then two Senior Managers have to agree the placement of the funds and then just send a report monthly to the board showing how the funds have been allocated?

If you feel you can help please contact me : finance@unifycu.org

Samantha Owen Finance Manager Unify Credit Union LTD Email : finance@unifycu.org

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[Simon]

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Simon Haslam; Chair Derbyshire Community Bank

[Samantha]

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Samantha Owen Finance Manager Unify Credit Union LTD Email : finance@unifycu.org

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