THE UTC COMMON INVESTMENT FUND
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
levels as
follows:
2024 Total
(1)
(2)
(3)
Level
Bonds
- -
1,044,127
-
1,044,127
Pooled investment vehicles
298,192 (5,574)
132,359
430,551
Derivatives - net Cash deposits
7
6,844
1,277 2,895 5,097
2,895 5,097
- -
- - -
Other net investment balances
Repurchase agreements
-
(275,746)
(275,746)
Total
7,999
1,060,999
139,203
1,208,201
Analysis for the prior year end is as follows:
2023 Total
Level
(1)
(2)
(3)
Bonds
- -
1,172,762
-
1,172,762
Pooled investment vehicles
335,519
129,154 (3,362)
464,673
Derivatives - net Cash deposits
517 971
5,524
2,679
- -
- - -
971
6,871
6,871
Other net investment balances
-
(312,247)
(312,247)
Repurchase agreements
Total
8,359
1,201,558
125,792
1,335,709
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Investment risks
FRS 102 requires the disclosure of information in relation to certain investment risks as follows:
Credit risk : one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation .
Market risk : comprises the following three types of risk:
Interest rate risk: The risk that the fair value or future cashflows of a financial asset will fluctuate because of changes in market interest rates Currency risk: The risk that the fair value or future cashflows of a financial asset will fluctuate because of changes in foreign exchange rates Other price risk: The risk that the fair value or future cashflows of a financial asset will fluctuate because of changes in market prices (other than those due to interest rates and currency).
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