Buyback Cash Handling Guidelines

Continuing Education Term 3

Overview

Meeting the Cash Needs of Buyback Keeping the Funds Secure and Accounted

ForReturning the Funds in a Timely Manner

Arranging Funds

Why is money needed?Who will be responsible for getting the

money to the buy?Where will they need the money sent to?When will they need the money by?What is the denomination breakdown

required?

Funds During the Buy

Securing the funds during the buyDaily Cash reconciliationsBooks are as important as cashProcess for dealing with theftArranging for additional funds

Funds Post Buyback

Matching to end of buy reportsExplanation of cash shortages/overagesTransferring funds to other buybacksReturning remaining funds to MBS