Treasury
Treasury is responsible for managing the cashflows of the Society.
Funding
The majority of Society funding is from savings.
Wholesale funding is raised via the International Money Markets and maturities vary from overnight to five years.
Types of instrument:
| Short term - |
Time Deposits |
| |
Certificates of Deposit (CD) |
| |
Euro Commercial Paper (ECP) |
Long term - |
Euro Medium Term Notes (EMTN) |
Covered Bonds
Liquidity
Liquidity is the investment of surplus funds. Short dated liquidity maturities vary from overnight to one year.
Types of assets held:
| Short term - |
Cash Deposits |
| |
Certificates of Deposit |
Long term - |
Gilts |
| |
Floating Rate Notes |
| |
Mortgage Backed Securities |
Credit ratings
The Society has the following credit ratings:
Investing with us
The minimum amount that can be placed with Treasury is £1 million. Funds can be invested from overnight out to five years. Each deal is fixed until maturity.
Below are examples of the types of counterparties who can invest money with Treasury.
- Local authorities
- Registered charities
- Housing authorities
- Financial institutions
- Fund managers
Treasury cannot accept money from individuals. If individual customers wish to open a savings account with Coventry Building Society, please contact your local branch, our Customer Service Centre, or apply online.
Contact us
If you require any further information on how to invest with us, please contact the Treasury department at treasury@thecoventry.co.uk
