• Liquid Assets

    • LM-1.2.5

      For purposes of Paragraph LM-1.2.3, liquid assets are defined as:

      (a) Cash and unencumbered current accounts with financial institutions;
      (b) Placements with financial institutions maturing within one month;
      (c) Exchange traded financial instruments;
      (d) GCC government securities;
      (e) Other sovereign bonds and bills up to one year maturity, carrying a minimum rating of AA-; and
      (f) Accounts receivable due within one month.
      January 2014

    • LM-1.2.6

      The liquid assets noted under Paragraph LM-1.2.5 must also meet the following requirements to be included in the calculation of the stock liquidity ratio. They must be:

      (a) Free from encumbrances; and
      (b) Freely available and payable.
      January 2014