1.       Fixed Deposit.

2.       FX.

3.       Mutual Money Market Funds.

4.        Bonds and Sukuk.

5.       Credit Research.

1.Fixed Deposit:

• Deals are executed with financial institutions within approved counterparty list.
• Currencies : Mainly G5 and KD
• Strategies : up to 12 months.
• Competitive Rates.
• Deals are executed  through Reuters dealing system.
• One side dealing (Borrowing is not allowed).

2. Foreign Exchange:

•  Deals are executed with financial institutions within approved counterparty list
•  Currencies : Mainly G10
•  Types of  transactions : Spot / outright/ swap.
•   Strategies : up to 12 months.
•   Competitive prices.
•   No speculation ( only meeting obligations).
•  Deals are executed through Reuters dealing system.
•   Single Deal around $50 Mln or equivalent.

3.Money Market Funds:

•     AAA rated funds.
•    Fund size : not less than 2 billion USD or equivalent.
•     Funds with high level of liquidity.
•    10% of the fund size is the maximum investment.
•     Tracking record : not less than one year.
•     Currencies:  G5.
•     Target Yield : O/N up to 1 month LIBOR

4. Bonds and Sukuk:

•     Issuer: Companies listed in Stock Exchange, not less than investment grade (Issuer & Issue).
•    Maximum Maturity: 5 years
•     Coupon in line with the risk.
•     Maximum Investment: 10% of the total issue size .

5. Credit research:

•   Study and recommend opening a credit lines with institutions (Rated A- and above).
•    Recommend counterparty limits.
•   Split the limits between Treasury Departments Kuwait and London ( KIO).
•    Studying issuers and managers credibility.
•   Monitoring credibility.