Canadian Forces Central Fund (CFCF)

Major programs sponsored by the CFCF include:

• The NPP Consolidated Insurance Program (CIP)
  The NPP CIP provides insurance coverage to all NPP activities of the Canadian Forces Regular Force through the purchase of central policies, including the following: property; commercial general liability, automobile, umbrella and excess liability, environmental impairment liability directors and officers and group accident covering property losses and liability claims. 
   
  A-FN-105 Chapter 11 explains the coverage provided and other details concerning the NPP CIP. It outlines the procedures for making a claim under the program, provides information for reporting changes in insurable risks, registration of vehicles, and reporting of accidents that may result in a claim. *It is important to note that because of the complexity of insurance coverage and the number of different situations that can arise, it is not possible to cover all circumstances in Chapter 11. Units should contact the Budget and Risk Manager for clarification of any matter or circumstance where there is doubt about coverage under the NPP CIP.
• Canadian Forces Central Fund Loans
  Loans are available to CANEX and Base/Wing/Units for working capital, furnishings and equipment and construction of NPP facilities. Loan terms vary from six months to 20 years at a fixed interest rate.
• Consolidated Bank Account (CBA)
  The Finance Division maintains and reconciles a main bank account for which all disbursements including payroll, supplier payments and deposits are made.  Deposits for revenue received are done at a local bank and then funds are transferred to the main bank account to offset disbursements through CFCF.
• Canadian Forces Central Fund Investments
  CFCF investments consist of both CFCF liquid assets and all other NPP entities’ share of the CBA balance that are not returned to meet the day-to-day operations cash requirements. The CFCF investments are governed by the NPP Board through the NPP Investment Committee.
• CFCF External Trust Investments
  The CFCF has extended the opportunity for Regimental Funds and other such organizations that have ties to the CFCF, to invest with the CFCF as external trust investment accounts.