The Director for Corporate Services submitted a written report on the proposed amendments to the Treasury Management Strategy Statement and Annual Investment Strategy 2012/13 (approved by the City Council on 27 February 2012) and seeking Cabinet to recommend the amendments to the City Council for approval.

Agreed that –

            1.         the removal of the short-term rating requirement from the criteria required for the inclusion of organisations on the Council’s list of proposed counterparties for new investment in 2012-13;

           2.          theorganisations and counterparty limits as set out in Appendix A.