Conditions for Cash Operations | United Nations Development Programme

1	Steps Assess and document the reasons for any recommendation made to carry out the Cash Operations, including external environment, banking service assessment, potential operating risks to the CO and its staff, and risk mitigation strategies and procedures.	Responsible Party Head of CO	Template/Guideline	Explanatory Notes
2	Steps Review and approve the CO’s recommendation for Cash Operations	Responsible Party	Template/Guideline	Explanatory Notes
3	Steps Sign recommendations as the final approval	Responsible Party Treasurer	Template/Guideline	Explanatory Notes
4	Steps Reassess, annually or when the external environment changes, whichever comes first, leading to the availability of a functional banking system/services in the CO and/or the project location	Responsible Party Head of CO	Template/Guideline	Explanatory Notes This reassessment shall include a recommendation from Head of Office to either continue or cease the Cash Operations
5	Steps Review the assessment and validate the recommendation through external sources (UN agencies, NGOs, and banking partners).	Responsible Party Treasurer	Template/Guideline	Explanatory Notes
6	Steps Communicate the decision to accept or reject the recommendation	Responsible Party Treasurer	Template/Guideline	Explanatory Notes There will be consultations among above involved parties in the process to ensure the recommendation is suitable to support the CO’s ongoing business and to mitigate risks. On a case by case basis Treasury will issue Guidelines and SOPs based on the circumstances of the situation that requires a CO to carry out Cash Operations