Liquidity Management Clause Samples
Liquidity Management. (1) Within thirty (30) days of this Order, the Board shall develop and submit for a prior written determination of no supervisory objection, a written liquidity program to ensure the Bank maintains liquidity at a level that is sufficient to sustain the Bank’s current operations and to withstand any anticipated or extraordinary demand against its funding base, to include at a minimum:
(a) measures to maintain sufficient on-balance sheet liquidity;
(b) the establishment of additional back-up funding sources;
(c) policies and procedures to ensure the implementation of adequate liquidity planning tools, to include:
(i) specific balance sheet liquidity targets that are consistent with the tools used to measure performance; and
(ii) reasonable risk limits to control the level of liquidity risk that incorporate forward-looking risk measurements and liability concentration limits such as limits on the amount of funds that may be sourced from any individual customer or groups of customers, or liability concentration limits by instrument.
(d) a contingency funding plan, updated quarterly and presented to the Board for approval at least annually, which ensures the Bank can remain liquidity solvent through stressed environments and that includes, at a minimum:
(i) management’s best estimate of balance sheet changes that may result from a liquidity or credit event;
(ii) specific terms or events that trigger enactment of the plan;
(iii) necessary management information systems and reporting criteria for use in crisis situations;
(iv) management responsibilities for enacting the plan and for taking specific actions once enacted; and
(v) prioritization of all sources of funding for the various scenarios including asset side funding, liability side funding, and off-balance sheet funding.
(2) After the OCC has advised the Bank that it does not take supervisory objection to the liquidity program required by this Article, the Board shall immediately implement, and shall thereafter ensure adherence to its terms.
Liquidity Management. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank an acceptable written plan designed to improve management of the Bank’s liquidity position and funds management practices. The plan shall, at a minimum, address, consider, and include:
Liquidity Management. The Manager shall employ a liquidity management system to assess the consistency of the ICAV’s investment policy, liquidity profile and redemption policy.
Liquidity Management. (1) Within sixty (60) days, the Board shall develop and implement an asset liquidity enhancement plan designed to increase the amount of asset liquidity maintained by the Bank. Among other things, the plan shall include the timeline and means by which the Bank will lower and thereafter maintain its loan to deposit ratio (net of brokered deposits) to no greater than 85%.
(2) A copy of the Board’s asset liquidity enhancement plan shall be submitted to the Assistant Deputy Comptroller for review and prior determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the plan.
(3) The Board or a designated committee comprised of Board members shall review the Bank’s liquidity on a monthly basis. Such reviews shall consider:
(a) a maturity schedule of certificates of deposit, including large uninsured deposits;
(b) the volatility of demand deposits including escrow deposits;
(c) the amount and type of loan commitments and standby letters of credit;
(d) an analysis of the continuing availability and volatility of present funding sources;
(e) an analysis of the impact of decreased cash flow from the Bank’s loan portfolio resulting from delinquent and non-performing loans; and
(f) an analysis of the impact of decreased cash flow from the sale of loans or loan participations.
(4) The Board shall take appropriate action to ensure adequate sources of liquidity in relation to the Bank’s needs. Monthly reports shall set forth minimum liquidity requirements and sources. Copies of these reports shall be forwarded monthly to the Assistant Deputy Comptroller.
Liquidity Management. Within forty-five (45) days, the Association shall revise its liquidity and funds management policy (Liquidity Management Policy) to address all corrective actions set forth in the 2010 ▇▇▇ relating to liquidity and funds management. The Liquidity Management Policy shall comply with all applicable laws, regulations and regulatory guidance.
Liquidity Management. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank an acceptable written contingency funding plan that, at a minimum, identifies available sources of liquidity and includes adverse scenario planning.
Liquidity Management. Taking into account the investment strategy set out in the section "Investment Objective and Investment Policy" in the Special Part of the Prospectus, the Fund's liquidity profile is as follows: The liquidity profile of a Fund is determined by its structure in terms of the assets and liabilities of the Fund and the investor structure of the Fund. The liquidity profile of the fund thus results from the totality of this information. With regard to the assets and liabilities of the Fund, the liquidity profile of the Fund is based on the liquidity assessment of each investment and its share in the portfolio. For this purpose, various factors such as stock market turnover, creditworthiness or type of instrument and, if applicable, a qualitative assessment are taken into account for each investment instrument. The Company has set redemption policies as described in the section "Redemption of Shares". The Company monitors liquidity risks at the level of the Fund in a multi-stage process. This generates liquidity information both for the underlying investment instruments in the fund and for cash inflows and outflows. In addition to ongoing monitoring of the liquidity situation using key figures, scenario-based simulations are carried out. They examine how different assumptions about the liquidity of assets in the fund affect the ability to service simulated cash outflows. On the basis of both quantitative and qualitative factors, an overall assessment of the liquidity risk of the fund is then made. The Company regularly reviews these principles and updates them accordingly. The Company sets adequate limits for liquidity and illiquidity for the Fund. Temporary fluctuations are possible. The Company applies liquidity provisions and has implemented a liquidity monitoring process to assess the quantitative and qualitative risks of positions and intended investments that materially affect the liquidity profile of the Fund's asset portfolio. The purpose of these procedures is to provide the company with existing and constantly updated knowledge and experience of the liquidity of the assets in which the Fund invests or intends to invest. including, where appropriate, trading volumes and price sensitivity and, as appropriate, the spreads of individual assets under normal and exceptional liquidity conditions. The Company regularly conducts stress tests in accordance with legal requirements, currently at least once a year, with which it can assess the liquidity risks of the...
Liquidity Management. (1) The Board shall immediately develop and implement a plan to increase the liquidity of the Bank to a level that is sufficient to sustain the Bank's current operations and to withstand any anticipated or extraordinary demand against its funding base. At a minimum, the
(a) establish reasonable risk limits for the: (i) minimum amount of liquid assets as a percentage of assets; (ii) maximum use of wholesale funding as a percentage of total funding sources; (iii) maximum loan to deposit ratio; and (iv) maximum level of brokered deposits as a percentage of total funding;
(b) include a revised Contingency Liquidity Policy that is consistent with the guidance of OCC Bulletin 2010-13 and the Interagency Policy Statement on Funding and Liquidity Risk Management (March 2010).
(c) establish an updated contingency funding plan that, at a minimum, reflects:
(i) cash flow projections that include estimated deposit maturities, renewals, and outflows;
(ii) stress testing of cash flow forecasts under adverse funding scenarios to include descriptions of triggering events; and
(iii) quantitative analysis of available resources in relation to funding needs under stressed conditions, including the duration and severity impact on the Bank’s liquidity position;
(d) provide for a monthly report to the Board regarding the Bank’s liquidity risk position. The monthly report shall set forth liquidity requirements and sources.
(2) The Board shall review the Bank's liquidity on a monthly basis and shall take appropriate action to ensure adequate sources of liquidity in relation to the Bank's needs.
(3) Copies of these monthly reports shall be forwarded to the Assistant Deputy Comptroller.
Liquidity Management. (1) Within thirty (30) days, the Board shall expand the Sources and Uses Report to reflect in more detail the bank’s available sources and anticipated uses of funds. The Report shall be expanded to show:
(a) Multiple time buckets in monthly, quarterly, and annual intervals;
(b) Short-term and longer-term positions;
(c) a maturity schedule of certificates of deposit, including uninsured deposits;
(d) the volatility of demand deposits including escrow deposits;
(e) the amount and type of loan commitments and standby letters of credit;
(f) an analysis of the continuing availability and volatility of present funding sources;
(g) an analysis of the impact of decreased cash flow from the Bank's loan portfolio resulting from delinquent and non-performing loans;
(h) an analysis of the investment portfolio including the impact of interest rate risk on the value and cash flow of investments;
(i) a cost of funds analysis, which shall identify the amount of funds that exceed national market rates by at least 75 basis points and the maturity schedule of such funds.
(2) Incorporating the results of the expanded Sources and Uses report as described in paragraph (1), within thirty (30) days of such expansion, the Board shall develop and implement a plan to increase the asset liquidity of the Bank to a level that is sufficient to sustain the Bank's current operations and to withstand any anticipated or extraordinary demand against its funding base.
(3) Within ninety (90) days, the Board shall expand the Bank’s contingency funding plan to include:
(a) improving the level of sources of stable funding given the Bank’s anticipated liquidity and funding needs;
(b) numerically quantifying funding needs and sources under different stress scenarios, which represent management’s best estimate of balance sheet changes that may result from a liquidity or credit event;
(c) obtaining lines of credit from the Federal Reserve Bank under normal and stressed scenarios;
(d) obtaining lines of credit from correspondent banks under normal and stressed scenarios;
(e) an analysis of collateral available for pledging against wholesale funding lines.
(4) The Board shall take appropriate action to ensure adequate sources of liquidity in relation to the Bank's needs. Monthly reports shall set forth liquidity requirements and sources and establish a contingency plan. Copies of these reports shall be forwarded to the Assistant Deputy Comptroller in the Bank’s quarterly report to the Assistant Deputy ...
Liquidity Management. The Foundation does not normally anticipate restrictions being imposed given the substantial liquidity maintained in its investment positions. However, without advance notice the Foundation reserves the right to delay the processing of recommended grants in times of unusual investment market volatility or unusually high levels of grantmaking activity. Grants greater than $1,000,000 per fund or which reduce an existing DAF balance by more than 80% will be processed as soon as possible, with a possibility of a portion of the Fund being held back until sufficient liquidity is available. Grants to international organizations with a Section 501(c)(3) determination letter issued by the Internal Revenue Service (“IRS”) are subject to the Foundation’s standard due diligence procedure. Grants to international organizations without a Section 501(c)(3) determination issued by the IRS may also be possible after the Foundation conducts an alternative qualifying process through a third-party agency for additional fees. Contact the Foundation’s Donor Services team for more information.