CONFIDENTIAL
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52 -
(c)
in limited assignment promissory notes,
such as Schuldscheindarlehen.
General
guidelines
8.
Individual placements should not exceed USD25 million or the equivalent in other currencies and the term to maturity should not be longer than 10 years.
The basic policy criteria should only be used as a guide and should never be allowed to override a sensible interpretation of prevailing
circumstances.
9%
Funds need not be moved to rectify deviations from the guidelines in paragraphs 2, 4 and 5 caused by strengths or weaknesses in
security prices or currency values or both.
10.
The personal approval of the Financial
Secretary or the Secretary for Monetary Affairs is required for currency exchanges.
11.
Other things being equal domestic money
market obligations should be acquired in preference to international Euro-market obligations.
10 March 1988
Monetary Affairs Branch
Government Secretariat
CONFIDENTIAL
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