Decision details
Bank Signatories
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decisions:
A report by the Deputy Chief Executive/Director of Finance sought approval to amend the nominated personnel on existing bank mandates.
The Council currently operated bank accounts with:-
- National Westminster, Birkenhead (main accounts)
- Royal Bank of Scotland, Liverpool (Merseyside Pension Fund)
- Santander (income collection through Girobank)
- State Street (Merseyside Pension Fund international transactions).
Transactions on these accounts had to be authorised by an approved signatory, and in the main this was satisfied by cheques bearing the pre-printed signature of the Deputy Chief Executive/Director of Finance Payments over £10,000 required a second signature on the cheque. Other instructions to the Banks generally required two signatures.
Copies of the list of bank and cheque signatories were usually required by all
Counter parties to money market transactions and often by counterparties to leasing transactions.
For the National Westminster and Santander accounts approval was requested for two lists of signatories:-
RESOLVED: That
(1) National Westminster and Santander be authorised to accept cheques and other instructions on behalf of the Council signed in accordance with existing mandates by the following:
Director of Finance Ian E. Coleman
Deputy Director of Finance David L.H. Taylor-Smith
Head of Financial Services Thomas W. Sault
Head of Benefits, Revenues Malcolm J. Flanagan
and Customer Services
Head of IT Services Geoffrey W. Paterson
Chief Accountant Peter J. Molyneux
Chief Accountant Jenny Spick
and
(2) the Royal Bank of Scotland and State Street be authorised to accept cheques and other instructions on behalf of the Council signed in accordance with existing mandates by the following:-
Director of Finance Ian E. Coleman
Deputy Director of Finance David L.H. Taylor-Smith
Head of Financial Services Thomas W. Sault
Head of Benefits, Revenues Malcolm J. Flanagan
And Customer Services
Head of IT Services Geoffrey W. Paterson
Principal Pensions Officer Yvonne M. Caddock
Operations Manager Guy W. Hayton
Group Accountant Donna S. Smith
Members Services Manager Margaret M. Rourke
Members Services Manager Susan J. Roberts
Publication date: 20/03/2012
Date of decision: 15/03/2012
Decided at meeting: 15/03/2012 - Cabinet
Effective from: 28/03/2012
Accompanying Documents: