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Title: Derivative Management Policy
Subject: Financial Management: Guidance for the Use and Management of Derivative Instruments
Policy No: Fin: 2018:02
Applies: University-Wide
Issuing Authority: President
Responsible Officer: Senior Vice President for Finance and CFO
Adopted: 09/26/2018
Last Revision: 10/11/2018
Last Reviewed: 10 12/2501/20212022
I. PURPOSE
This Derivative Management Policy (“Policy”) is a subsidiary component of and should be read in conjunction with the Debt Management Policy. The purpose of this Policy is to establish responsibilities, objectives, and guidelines for the use of interest rate swaps and similar products to manage the University’s bond profile. As used in this document, University debt includes debt or other obligations issued by the Camden County Improvement Authority, Gloucester County Improvement Authority and New Jersey Economic Development Authority on behalf of the University.
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