The Treasury team look after a number of areas:
- Manage the University's overall cash and bank balances
- Establish amount of cash available to invest
- Invest spare funds appropriately to maximise the return
- Ensure all balances and investments are recorded in the ledger
- Monitor credit ratings of investment destinations to ensure that all University investments remain compliant with University policy
- Manage the University's corporate loans, including interest and principal
- Manage loan covenant requirements, ensure that the University does not breach the covenants
- Maintain the corporate Treasury Policy and ensure all treasury management activities are compliant
- Carry out scenario planning for loan and other financing alternatives
- Calculate any exchange rate gain or loss arising on difference to contract rate, if applicable
- Identify any surplus euros or other currencies which can be converted to GBP
- Carry out period end close activities, including investment postings and accruals
- Review bank reconciliations and temporary petty cash floats
- Carry out annual financial year-end confirmation of petty cash balances
University of Reading Bank Change
The University of Reading tendered for its main banking services in 2022, and awarded the tender to Lloyds Bank, who will be replacing Barclays Bank for all normal banking from June 2023.
All invoices issued by the University and its subsidiaries (excluding student invoicing) will have to include Lloyds bank details, and customers will be contacted by letter with details of the new account. The University will not be publishing its bank details, other than on supplier/sponsor, in order to reduce the potential of fraud. We recognise though that customers may want to verify that the University is really changing its account, which is why we’re putting a notice up on this website. Please contact the University’s Treasury Manager, Simon Mealor, on email@example.com or 0118 378 6135 if you have any questions or wish to verify the bank details.
If you’d sooner go through the University’s main switchboard to do so, or via one of your usual contacts at the University, please do so and ask them to transfer you to Simon by this means, so you can be sure that this is not a phishing exercise.
Many thanks for your co-operation and patience.