High ALM Committee
Terms of Referance

Members:

 CEO, ACEO, Group CFO, Global Treasurer, CRO, Global FI Head (by invitation) and CFO (by invitation)

Chairman:

CEO

Secretary:

 CRO

Frequency of meetings:

The Committee meets Bi-monthly, with additional Adhoc meetings convened as necessary

Attendees to meeting:

Every member has to attend
Other attendees: Other members of management may attend at the request of the Committee for specific items on the agenda

Terms of Reference:

The key responsibilities of the committee are:

  1. Develop, monitor, review and manage the asset liability strategy (guidelines) of the Bank and its policy in terms of:

    1. Liquidity and funding requirements throughout the Group.
    2. Capital adequacy in accordance to the regulatory guidelines.
    3. Key balance sheet target ratios such as capital adequacy.
    4. Market Risk of the Group’s position (Interest Rate Risk, Foreign Currency Risk, etc).
  2. Determine transfer pricing to best reflect the dynamics of the different Lines of Businesses and prevailing market rates
  3. Identify and assess market movements, competence environment and adjust accordingly
  4. Assess the Group’s current balance sheet composition and devise its future developments (Balance sheet includes on- and off- balance sheet), taking into account the existing business strategies and plans
  5. Escalate material ALM issues to the Board where appropriate

 Reports:

 Minutes of meeting should be prepared and distributed