Cap. 575 Art. 35Swapsand hedging transactions. 575. 13

(1) The Minister shall have the power and authority on behalf of the Government to engage in swaps and other hedging transactions provided that such transactions support the objectives of debt management strategy to mitigate currency and, or interest rate risks:

Provided that in the exercise of his powers the Minister shall have regard to the recommendation of the Committee.

(2) The Treasury Department shall execute such transactions under this article and appropriately account and monitor such exposures.