Treasury Management. 8.2.1 The Accounting Officer shall be responsible for treasury management and for management of the Trust Fund’s bank accounts. The income from investment of the Trust Fund’s liquid assets shall be apportioned twice a year and shall constitute the sole remuneration for any funds on the Trust Fund accounts. This remuneration shall take into account the liquidity and transformation risks borne by the Commission in its investment activity so that it can meet at any time the liquidity requirements for managing the Trust Fund accounts. 8.2.2 All income accruing from the funds deposited on the Trust Fund account shall be an integral part of the Trust Fund.
Appears in 3 contracts
Sources: Constitutive Agreement, Constitutive Agreement, Constitutive Agreement