SLY
From ACT Wiki
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.
See also
Other links
The Icelandic banking saga and English local authorities, UK Audit Commission, 2009 Safety first, The Treasurer, 2015