Organizations can use this policy to set forth the appropriate guidelines for investing the surplus cash of the company.

According to this policy, funds that foreign subsidiaries collect during the month should be first used to pay local obligations such as vendor payables, overdrafts, intercompany debt, commissionaire payments and notes. Any remaining funds awaiting repatriation to the U.S. may be invested in highly liquid interest-bearing investments with a maturity of 30 days or less. The subsidiary controller should make and manage these investments at one of the approved banks listed in the attached Investment Appendix.