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Funding Strategy
To service the financial requirements of the State of Victoria, TCV maintains four key funding programs. TCV’s Domestic Inscribed Stock program is the cornerstone of the Corporation’s funding strategy. TCV seeks to maintain at least five lines of stock with a minimum of $A1.5 - 2.0 billion per issue. TCV supplements its Domestic Inscribed Stock with three other programs: a $US3 billion Euro Medium Term Note (EMTN) program, a $A5 billion Euro Commercial Paper (ECP) program and a $A5 billion Domestic Promissory Note program. Activity in each program is predominantly facilitated by a dealer panel.
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