SLY

The key short-term investment principles and prioritisation of:

Security

Liquidity and

Yield

This ordering of the principles and considerations is fundamentally important.

The safety and security of the funds invested are always the first priority.

Yield is the least important of the three considerations.

"When it comes to investing surplus funds safely, there is one principle I hold very dear: The SLY principle (Security first, Liquidity second and the last consideration should be Return).

This certainly helps in board room discussions."

(Raj Gandhi FCT, former CFO and Group Treasurer.)

See also

• Cash
• Investment
• Liquidity
• Security
• Short term
• Yield

Other resources

• The Icelandic banking saga and English local authorities, UK Audit Commission, 2009
• Safety first, The Treasurer, 2015