‹ LM-1.2.5 Qualifying Liabilities › 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 ‹ LM-1.2.5 Qualifying Liabilities ›