Common use of Managing the Cash Position Clause in Contracts

Managing the Cash Position. 6.2.1 The Partners will: • Hold monies contributed to the Pooled Fund that are required for transactions generated from the Partne rs. • Adhere to the rules and restrictions applying to them: 6.2.1 The ICB is required to limit cash draw-down to the monies required, when they are required subject to cash planning arrangements: • Not allowed to draw excess cash. • Not allowed to earn interest, or investment income: • Not allowed to have a cash balance at the year-end. • The Council can invest available cash to earn income on its own resource allocation: • The Council will determine how interest income is used; and is not obliged to include any part of that interest income in the Integrated Commissioning Fund. 6.2.2 Banking arrangements will reflect existing arrangements. 6.2.3 Transaction payments from the ICB and the Council will be unchanged from current arrangements. The Council will not suffer a reduced capacity to generate investment income from retained cash and investment balances. But the Council will not be able to derive investment advantage through early draw-down of ICB funds.

Managing the Cash Position. 6.2.1 The Partners will: •  Hold monies contributed to the Pooled Fund that are required for transactions generated from the Partne rsPartners. •  Adhere to the rules and restrictions applying to them: 6.2.1 The ICB CCG is required to limit cash draw-down to the monies required, when they are required subject to cash planning arrangements: •  Not allowed to draw excess cash. •  Not allowed to earn interest, or investment income: • .  Not allowed to have a cash balance at the year-end. •  The Council can invest available cash to earn income on its own resource allocation: •  The Council will determine how interest income is used; and is not obliged to include any part of that interest income in the Integrated Commissioning Fund. 6.2.2 Banking arrangements will reflect existing arrangements. 6.2.3 Transaction payments from the ICB CCG and the Council will be unchanged from current arrangements. The Council will not suffer a reduced capacity to generate investment income from retained cash and investment balances. But the Council will not be able to derive investment advantage through early draw-down of ICB CCG funds.

Managing the Cash Position. 6.2.1 The Partners will: • Hold monies contributed to the Pooled Fund that are required for transactions generated from the Partne rs. Partners; • Adhere to the rules and restrictions applying to them: 6.2.1 The ICB CCG is required to limit cash draw-down to the monies required, when they are required subject to cash planning arrangements: • Not allowed to draw excess cash. ; • Not allowed to earn interest, or investment income: ; • Not allowed to have a cash balance at the year-end. • The Council can is allowed to invest available cash to earn income on its own resource allocation: • The Council will determine how interest income is used; and is not obliged to include any part of that interest income in the Integrated Commissioning Fund. 6.2.2 Banking arrangements will reflect existing arrangements. 6.2.3 Transaction payments from the ICB CCG and the Council will be unchanged from current arrangements. The Council will not suffer a reduced capacity to generate investment income from retained cash and investment balances. But the Council will not be able to derive investment advantage through early draw-down of ICB CCG funds.

Managing the Cash Position. 6.2.1 The Partners will: •  Hold monies contributed to the Pooled Fund that are required for transactions generated from the Partne rs. • Partners;  Adhere to the rules and restrictions applying to them: 6.2.1 The ICB CCG is required to limit cash draw-down to the monies required, when they are required subject to cash planning arrangements: •  Not allowed to draw excess cash. • ;  Not allowed to earn interest, or investment income: • ;  Not allowed to have a cash balance at the year-end. •  The Council can is allowed to invest available cash to earn income on its own resource allocation: •  The Council will determine how interest income is used; and is not obliged to include any part of that interest income in the Integrated Commissioning Fund. 6.2.2 Banking arrangements will reflect existing arrangements. 6.2.3 Transaction payments from the ICB CCG and the Council will be unchanged from current arrangements. The Council will not suffer a reduced capacity to generate investment income from retained cash and investment balances. But the Council will not be able to derive investment advantage through early draw-down of ICB CCG funds.