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