said the latest auction for the central bank's term deposit facility-where banks are paid yields for depositing idle funds
over the short term, thus removing them temporarily from inflationary circulation-was met with strong demand from financial institutions.
Those idle funds
that are not used could be diverted to the housing sector to be utilised for a period of time.
The Board of Chosen Freeholders (Board) are the governing body of the County of Ocean, who annually authorize the Chief Financial Officer (CFO) to invest all idle funds
of the County.
Legarda said these idle funds
would have been put to better use if they had been utilised as originally intended.
The step was taken as several ministries sit on idle funds
for the greater part of the year which cannot be reasonably spent in the last two or three months.
The company said it intends to use the net proceeds from this offering initially to repay outstanding debt borrowed under its credit facility, and then through re-borrowing under the credit facility, to make investments in accordance with its investment objective and strategies, to make investments in marketable securities and idle funds
investments, to pay operating expenses and other cash obligations, and for general corporate purposes.
Budget Secretary Florencio "Butch" Abad appeared at the Senate hearing and defended the DAP before members of the Senate Finance panel wherein he explained that the Executive branch, during the third quarter of 2011, decided to use idle funds
to spur the country's economic growth.
formed in the domestic sources of surplus financing grew by 802.
The opening of the Taiwan market to RMB-based bonds can offer investors on the island more financial products and banks to provide RMB-related wealth management services, with cash-laden life insurers able to channel idle funds
into such RMB bond market here.
Enhancing yield on surplus cash: To meet the yield enhancement needs of SMEs, Standard Chartered is the only international bank in the UAE to introduce the 'Business Saver' account, which provides an opportunity to earn returns on idle funds
in the account without compromising on the liquidity.
It also eliminated the frequent overdrafts or excess idle funds
that resulted from the uncertainty as to how much cash was being held in local depository accounts.
To mop up the excess liquidity, the Central Bank of Kuwait (CBK) issued KD 149 million in CBK bonds, while an additional KD 68 million remained as idle funds
with the CBK.