Treasury Advisory Services

Any bidder wishing to be considered for the above requirement must be able to provide and directly support all requirements stated below.

Provide:

1. Daily financial market information, to include SONIA as a minimum

2. Regular (daily, weekly or monthly, as appropriate) updates on funding markets, inflation, UK and international macroeconomics

3. Assumptions for forecast SONIA rates for budgeting purposes

4. Regular updates on counterparty credit ratings

Funding & Hedging

Provide analysis, guidance and advice on:

1. All aspects of structure of debt, hedging and investments, to include

- Interest management strategy

- Term and market structure of debt

2. Structuring and implementing funding from bank, bond and other markets

- To include negotiations with counterparties where requested

- To exclude Advisor / Arranger / Bookrunner role

3. Detailed assistance on structuring and implementing hedging transactions

4. Provide annual strategy for funding and hedging

5. Provide mark-to-market valuations to be available daily

6. Provide monthly accounting entries for hedging portfolio

7. Undertake EMIR compliance, as requested by Stonewater

Other Treasury

1. Review treasury policies initially and upon request and provide advice in line with good practice

2. Provide analysis and advice on investments

Business Planning

1. Provide business planning assumptions for inflation, interest rates and other parameters

2. Review plans, and undertake scenario / risk analysis

Credit Rating

1. Analyse business plans in terms of rating agency criteria (minimum 3 per annum, plus ad hoc)

2. Provide advice and guidance before and during annual and other reviews

Training

1. Provide training to Board, Stonewater executive or staff on treasury and corporate finance subjects

Board and Finance Committee meetings

1. Attend Board or Finance Panel meetings on request