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Administration Manual - B.E.S.T. Undertaking.

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608<br />

4) The loss, if any, arising from any such deposit or investment<br />

shall be debited to BEST Fund.<br />

3.A-12.2 On the basis of weekly rolling cash flow position, the surplus, if any,<br />

is worked out for its availability period and is fixed to the nearest major<br />

payment shortfall and decision of investment is taken in consultation<br />

with CAO & FA. Investment is made in the following manner:-<br />

(a) Treasury Bills ( if the investible period is less than 7 days) T bills<br />

are 91 days, 181 days and 365 days maturities and these maturity<br />

dates are fixed as per RBI auction. This is taken post-sanction of<br />

G.M.<br />

(b) Bank Deposit: When investible period is more than 7 days,<br />

investment is made in Bank Deposit.<br />

(c) If funds are available for Long term investment, then State/Central<br />

Government Guaranteed Securities are also taken into<br />

consideration.<br />

3.A-12.3 Short Term Investment:<br />

All quotes collected by Nationalized Banks, Private Sector and Co-op.<br />

Scheduled Banks, who are on our approved list are verified and<br />

confirmed whether the investment done with higher offer of the Banks.<br />

3.A-12.4 Public Securities:<br />

All attached/collected quotes from the brokers verified with<br />

comparative statement i.e. Purchase price, YTM/TUP/C, rating,<br />

quantum available, etc.<br />

3.A-12.5 Mode of Delivery:

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