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 2014LM-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 thestock liquidity ratio . They must be:(a) Free from encumbrances; and(b) Freely available and payable.January 2014