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