Manage cash equivalents

Trigger: Treasury identifies surplus cash available for short-term investment or a liquidity shortfall requiring the conversion of assets to cash.

1. Assess daily cash position and forecast short-term liquidity needs
2. Identify appropriate cash equivalent instruments such as commercial paper or treasury bills
3. Execute purchase or sale of short-term securities based on liquidity requirements
4. Record trades and update the corporate treasury management system
5. Reconcile investment accounts against bank and broker statements
6. Report on portfolio yield and liquidity status

Outcome: Excess cash is securely invested in highly liquid, yield-generating instruments, and necessary liquidity is maintained to meet operational obligations.