Versions

 

MIR 4.7.28

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

For the purposes of meeting the minimum liquid resource requirement referred to in Rule 4.7.22, a Recognised Clearing House's qualifying liquid assets/resources may include:

(a) cash held in appropriate currencies at a central bank in its or other relevant jurisdiction, or at creditworthy commercial banks;
(b) committed lines of credit;
(c) committed foreign exchange swaps;
(d) committed repos; and
(e) highly marketable collateral held in custody and investments that are readily available and convertible into cash with prearranged and highly reliable funding arrangements, even in extreme but plausible market conditions.