Provision of Treasury Advisory Services

Torus are looking to seek an adisory for the provision of treasury advisory and related services covering all areas of treasury. The advisors will operate under a contract that will be in two parts, a retained fixed fee for regular treasury service, and a daily rate for more bespoke additional treasury advice. The advisors will operate partly under a retained fixed fee arrangement covering the following treasury services:

•Information – regular stream of daily, weekly and monthly information and forecasts

•credit worthiness date - weekly credit lists that set out ratings and rating actions from the three main ratings agencies and, where available, credit default spreads

•helpline - telephone access to members of the treasury housing team to seek reasonable advice on day-to-day treasury management and funding to include a nominated consultant to be assigned to Torus?

•business plan - provision of suggested assumptions for inflation and interest rates, which take account of forecasts. Funders eye review of the business plan, review stress testing and assistance with the production of board business plan reports

•annual treasury strategy – preparation and implementation of the annual treasury management strategy which sets out the recommendations for the short and medium-term management of Torus’s treasury operations

•supporting existing funding relationships - advising on the interpretation of loan agreements, providing analysis and arguments for discussion with lenders

•treasury management policy and procedures - annual review of Torus’s policy to ensure that it is appropriate for us and complies with best practice and recommend changes where necessary

•technical updates and training - updates on current issues

•investments - provision of details on available deposit rates and opportunities for improving the investment strategy

•management information systems and treasury reporting systems

•training and knowledge transfer – tailored training to board members and staff

Additional specialist Treasury advice that will fall outside the scope of the retained services listed above but not limited to the following:

Such additional services include:

•Structuring and negotiation of loan facilities

•Capital market loans

•Restructuring of loan facilities

•Adoption of the wider rules on treasury management

•Negotiation of credit lines for standalone swaps

•Financial modelling

•Feasibility and viability studies

•Review of business plans

•Joint venture arrangements