Change of Bank Account Names.

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A decision made (05/12/2008) regarding: Change of Bank Account Names.

Decision Reference: MD-S-2008-0090
Decision Summary Title :	DS - Change of Bank Name		Date of Decision Summary:	5 December 2008
Decision Summary Author:	Geoff Platts – Finance Manager		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	n/a
Written Report Title :	Change of HSBC Bank Account names		Date of Written Report:	5 December 2008
Written Report Author:	Geoff Platts – Finance Manager		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: To provide HSBC with an instruction to change bank account names from States of Jersey Employment and Social Security Committee to States of Jersey Social Security Department, with immediate effect.
Decision(s): The Minister agreed that HSBC should be instructed to change all departmental bank account names from States of Jersey Employment and Social Security Committee to States of Jersey Social Security Department.
Reason(s) for Decision: As a result of the findings and recommendations of the Clothier report in 2005, Ministerial Government has been introduced within the States of Jersey. This change resulted in the Employment and Social Security Committee being replaced by the appointed Minister. In November 2006 a decision was taken by the Minister to change the name of the Department to the Social Security Department. When the Department’s bankers, HSBC, were instructed to implement this change in relation to the name of all bank accounts held on behalf of this Department, HSBC requested that a Ministerial Decision document, supplied as official confirmation that this change of name was required. The delay in approving this change has occurred due to difficulty in agreeing exact change requirements with HSBC and the need to avoid waste of bulk cheque stationery supplies.
Resource Implications: None
Action required: Mandate signatory to write to HSBC requesting that the change of bank account name be undertaken and Ministerial Decision copy to be supplied as requested.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):