WATC is able to successfully deliver on our vision through the roles and responsibilities of our four business areas.
Client Services, in partnership with WATC’s clients, seeks to provide a comprehensive suite of high quality, cost-effective financial products and services in debt finance, investments, foreign exchange, treasury management, financial risk management and financial advisory services. These offerings are designed to promote, support and deliver sound financial risk management for WATC’s clients. Working collaboratively with clients, WATC ensures that the most appropriate application of these products and/or services achieve each client’s individual business requirements.
Financial Markets undertakes activities in domestic and overseas capital markets, the asset and liability management function, the management of WATC’s liquidity portfolio, the investment management function on behalf of clients, foreign exchange management transactions and economic and financial market analysis.
Risk and Compliance
Risk measures and monitors market, credit, operational and liquidity risk to prevent adverse outcomes for WATC, provides guidance to the Executive and Board on all risk matters, and is responsible for developing a good risk culture within the organisation.
Legal and Compliance is responsible for administering compliance with legislation, policies and WATC’s corporate governance practices, providing oversight of, and guidance in relation to, the origination and documentation of WATC’s borrowings and other agreements, including financial market and client agreements.
Additional functions supporting WATC’s operations include areas of accounting, administration, treasury operations, marketing and communications, project management, human resources, information management and communications technology.
WATC was established on 1 July 1986 under the
WATC’s role to include the provision of financial management services to the WA public sector.
The Hon. Ben Wyatt, LLB MSc MLA; Treasurer; Minister for Finance; Aboriginal Affairs; Lands.
Under Section 13(1) of the Act, the financial liabilities incurred or assumed by WATC are guaranteed by the Treasurer on behalf of the State. This guarantee is secured upon the Consolidated Account of the State.
In line with the State’s credit rating, the debt of WATC is rated as follows:
|Moody’s Investors Service||Aa1||Stable||Prime-1|
|Standard & Poor’s||AA+||Stable||A-1+|
Changes in Written Law
There were no changes to the Act during the 2018/19 financial year.
No ministerial directives were received during the 2018/19 financial year.