Le Magazine du Trésorier - n°61 - 1er trimestre 2008 - (Page 9)

FIDELITY INSTITUTIONAL CASH FUND Where will your liquidity end up? FIDELITY CASH FUND Institutionalised Maximised If you’re interested in making the most of your liquidity, why not consider Fidelity’s triple ‘A’ rated Institutional Cash Funds (ICF). They are Money Market Funds with an excellent track record, making them ideal for maintaining capital value whilst producing a return for investors. The combination of Fidelity’s multi-strategy and integrated team approach to money markets enables us to constantly monitor capital preservation and performance – as well as liquidity. Our dedicated global resources in research and investment management allow us to identify a range of opportunities within these markets. Key beneﬁts: 3 Security – our multi-strategy approach allows our portfolio to actively exploit opportunities with a number of lowly correlated positions, and only invest in highquality, liquid and well-rated credits. 3 Liquidity – investing in the fund provides daily liquidity with late same-day cut-off times. 3 Returns – the returns provided by the funds are highly competitive and are top quartile performers. * 3 Professional services – each of our clients is offered a dedicated service team to ensure all objectives are met and that all aspects of the service are managed as effectively as possible. Fidelity’s ICF has four funds available – Euro, Sterling, US Dollar and Canadian Dollar. For more information about how to invest in our ICF, please contact Andy Kelly at andy.kelly@uk.ﬁd-intl.com or on +44 20 7961 4233. FACTS•FIDE LI TY LI TY FI FI RATED Aaa BY MOODY’S INVESTOR SERVICES CT S• FID CT Y FACTS• S•FIDELITY LIT THE WORLD’S INVESTMENT SPECIALIST FOR PROFESSIONAL CLIENTS ONLY. Important information: Fidelity Institutional Cash Fund plc is an open-ended investment company with variable capital organised under the laws of Ireland and was authorised on 30.07.98 by the Financial Regulators as a UCITS fund under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003, as amended (the’Regulations’). If the Fund is not registered in your jurisdiction, the distribution of this document and the offering of shares may be restricted. Accordingly, it is only directed at and issued to specially selected persons such as Qualiﬁed Investment Professional to whom if may lawfully be promoted. This communication is not directed at, and must not be acted upon by persons inside the UK or the US and is otherwise directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required. Assets and resources as at 31.12.2007 are those of Fidelity International Limited. Data is unaudited. Fidelity/Fidelity International means Fidelity International Limited (FIL), established in Bermuda, and its subsidiary companies. Unless otherwise stated, all views are those of the Fidelity organisation. No statements or representations made in this document are legally binding on Fidelity or the recipient. Any proposal is subject to contract terms being agreed. Fidelity only gives information on its products and does not provide investment advice based on individual circumstances. We recommend that you obtain detailed information before taking any investment decision. Investments should be made on the basis of the current prospectus, which is available along with the current annual and semi-annual reports free of charge from our distributors, from our European Service Centre in Luxembourg, Fidelity Investments Luxembourg S.A., Kansallis House, Place de l’Etoile, BP 2174, L-1021 Luxembourg. Fidelity ICF is recognised under Section 264 of the Financial Services and Markets Act, 2000 and investors should note that holdings of shares in the funds will not be covered by the provisions of the Financial Services Compensation Scheme, nor by any similar scheme in Ireland. Reference in this document to speciﬁc securities should not be construed as a recommendation to buy or sell these securities, but is included for the purposes of illustration only. Investors should also note that the views expressed may no longer be current and may have already been acted upon by Fidelity. The research and analysis used in this documentation is gathered by Fidelity for its use as an investment manager and may have already been acted upon for its own purposes. For funds that invest in overseas markets, changes in currency exchange rates may affect the value of an investment. Foreign exchange transactions may be effected on an arms length basis by or through Fidelity companies from which a beneﬁt may be derived by such companies. Investments in small and emerging markets can be more volatile than other more developed markets. Past performance is not a reliable indicator of future results. The value of investments [and the income from them] can go down as well as up and investors may not get back the amount invested. The awards listed relate to product or service past performance, which is not a reliable indicator of future results. Due to the greater possibility of default, an investment in corporate bonds is generally less secure than an investment in Government bonds.Third party trademark, copyright and other intellectual property rights are and remain the property of their respective owners.Fidelity, Fidelity International and Pyramid Logo are trademarks of Fidelity International Limited.*Source for performance in IMMFA peer group, iMoneyNet, 12 months to 31.12.07. Issued by Fidelity Investments Luxembourg S.A., Kansallis House, Place de l’Etoile, BP 2174, L-1021 Luxembourg and Fidelity Investments International, registered in England and Wales, authorised and regulated in the UK by the Financial Services Authority. CI1750 Job number E LI T Y FA C TS • Best Money Markets Funds 2007 http://www.fidelity-international.com/onlinedocs/index.html

Table des matières de la publication Le Magazine du Trésorier - n°61 - 1er trimestre 2008

SOMMAIRE
EDITORIAL
LA PAROLE À ... : PASCAL FINET FINANCE DIRECTOR ERNST & YOUNG
DOSSIER : Management of Weather Risks
Ethics in Treasury
MIF - Customer Classification
15 MINUTES AVEC...
LA PAROLE AUX ANNONCEURS
VIE DE L’ASSOCIATION
IGTA
BRÈVES

Le Magazine du Trésorier - n°61 - 1er trimestre 2008