Board of Visitors minutes April 7, 2006 | ||
Interest Rate Risk Management Policy
Appendix A
OPERATING CONTROLS
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Authorized Initiators – The individuals holding the
following positions are hereby authorized to execute and terminate
interest rate derivative transactions in behalf of the University:
- Executive Vice President and Chief Operating Officer
- Vice President and Chief Financial Officer
- Director of Treasury Operations
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Authorized Approvers – The individuals holding the
following positions are hereby authorized to approve all interest rate
derivative transactions on behalf of the University:
- Executive Vice President and Chief Operating Officer
- Vice President and Chief Financial Officer
In all instances, one person may not act as both authorized initiator and authorized approver for the same transaction.
Board of Visitors minutes April 7, 2006 | ||