Treasury and Funding Management
Treasury has a dual mandate in managing the Corporation’s liquidity portfolio. On the one hand, it needs to ensure the availability of funds to cover disbursements to clients; on the other, it seeks to minimize the cost of carry within extremely strict investment parameters.
Generally speaking, investment activities are regulated by the IIC’s Board of Directors. More specific and stricter investment guidelines are set and monitored internally, in keeping with the framework established by the Board of Directors.
As of December 31, 2011, total assets held in the IIC’s liquidity portfolio amounted to US$ 418 million. The portfolio was diversified across 24 different issuers from 15 countries.
The IIC obtains most of its funding through bilateral loans with different financial institutions. It has also been very active raising funding in Japan through syndicated loans.