Agenda item

Report of the Chamberlain.

The Committee received a report of The Chamberlain concerning the Corporation’s Treasury Management Strategy Statement and Annual Investment Strategy (relating to Treasury Management) (TMSS) for 2025/26.

A Member raised questions about interest rate exposure, specifically regarding the types of approved instruments used and how counterparty risk is assessed, particularly in relation to derivatives. Officers responded by explaining that the strategy is reviewed annually and prioritises capital preservation, liquidity, and then returns. Officers clarified that the City adopts a conservative approach, using only cash instruments and not derivatives, with a strict and highly rated counterparty list outlined on pages 145–149 of the report.

RESOLVED – That, the report be noted.