The treasury team manages the placing of fixed term deposits on behalf of clients
We carry out extensive market research on all banks that we invest with; together with background checks on senoir personnel. We only deal with selected banks who meet our criteria.
Our Treasury Team reviews all maturing deposits and obtain indicative interest rates from a number of selected banks before recommending the renewal of a maturity.
The pooling effect and dealing directly with the bank's treasury departments enables Purpose Vunani to pass on competitive money market pricing, whilst obtaining appropriate security as cover for the deposits from each bank which means every deposit is secured appropriately.
Counterparty credit risk is continuously monitored and cash portfolio reports are produced on a regular basis.