Liquidity Risk Management Program. All fees and expenses related to the Funds maintaining a liquidity risk management program in compliance with Rule 22e-4 under the 1940 Act including compensating third-party service providers for providing liquidity analysis and classification of portfolio securities and other information necessary to operate the liquidity risk management program; and
Liquidity Risk Management Program. (1) Provide oversight of the Liquidity Risk Management Program of the Xxxx Xxxxxxx Group of Funds to ensure that processes are operating effectively and appropriately to manage liquidity risk;
(2) Review and approve portfolio position liquidity classifications in accordance to SEC Rule 22e-4;
(3) Monitor fund events and news regarding potential liquidity events on a daily basis;
(4) Manage liquidity event escalation with internal stakeholders and JH Board members as situations require; and
(5) Provide materials and discuss with the Liquidity Risk Management Committee to meet the requirements of the Committee charter and Liquidity Risk Management Policy.
Liquidity Risk Management Program. Service Provider will maintain the fund’s Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. In connection with the foregoing, Service Provider shall provide the following services: ● Help develop and implement the Trust’s written LRMP. ● Provide daily monitoring under the LRMP and provide a LRMP Administrator ● Prepare monthly and quarterly reporting and the annual report to the Board, including collecting and incorporating any investment adviser prepared reports ● Provide data from the Fund’s books and records ● Monitor the Fund’s highly liquid investment minimum, if applicable, and each Fund’s level of illiquid investments (15% limit) ● Assist with arranging Board notifications. ● Assist in the preparation of Form N-LIQUID. ● Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. Ultimus will provide assistance in the adoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The LRMP shall include the following services:
Liquidity Risk Management Program. (1) Within sixty (60) days, the Board shall revise and maintain a comprehensive liquidity risk management program that assesses, on an ongoing basis, the Bank's current and projected funding needs, and ensures that sufficient funds or access to funds exist to meet those needs. Such a program must include effective methods to achieve and maintain sufficient liquidity and to measure and monitor liquidity risk, to include at a minimum:
(a) strategies to maintain sufficient liquidity at reasonable costs including, but not limited to, the following:
(i) better diversification of funding sources, reducing reliance on high-cost providers;
(ii) reducing rollover risk;
(iii) increasing liquidity through such actions as obtaining additional capital, placing limits on asset growth, aggressive collection of problem loans and recovery of charged-off assets, and asset sales; and
(iv) monitoring the projected impact on reputation, economic and credit conditions in the Bank's market(s).
(b) the preparation of liquidity reports which shall be reviewed by the Board on at least a monthly basis, to include, at a minimum, the following:
(i) a certificate of deposit maturity schedule, including separate line items for brokered deposits and uninsured deposits, depicting maturities on a weekly basis for the next two months and monthly for the following four months, which schedule shall be updated at least weekly;
(ii) a schedule of all funding obligations, including money market accounts, unfunded loan commitments, outstanding lines of credit and outstanding letters of credit, showing the obligations that can be drawn immediately, and on a weekly basis for the next two months and monthly for the following four months, which schedule shall be prepared and updated at least weekly; and
(iii) a listing of funding sources, prepared and updated on a weekly basis for the next two months and monthly for the following four months, including federal funds sold; unpledged assets and assets available for sale; and borrowing lines by lender, including original amount, remaining availability, type and book value of collateral pledged, terms, and maturity date, if applicable.
(c) a monthly sources and uses of funds report for a minimum period of six months, updated monthly, that reflects known and projected changes in asset and liability accounts, and the assumptions used in developing the projections; and
(d) a contingency funding plan that, on a monthly basis, forecasts funding needs and fund...
Liquidity Risk Management Program. Ultimus will provide assistance in the adoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The LRMP shall include the following services: · Develop and implement the Trust’s written LRMP. · Perform an in-depth evaluation of the adequacy of the adviser’s written LRMP to ensure compatibility with the Trust’s LRMP. · Assist with the preparation of periodic reporting and annual report to the Board, including collecting and incorporating investment adviser reports. · Provide data from the Fund’s books and records · Assist in monitoring the Fund’s highly liquid investment minimum, if applicable, and each Fund’s level of illiquid investments (15% limit). · Assist with arranging Board notifications. · Assist in the preparation of Form N-LIQUID. · Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. The Trust or the Fund agrees to pay Ultimus: (i) a one-time implementation fee (payable in six equal installments) of $[REDACTED] per investment adviser, commencing with the initial compliance date, for providing assistance in connection with the adoption of the Trust’s Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4; (ii) an annual fee, based on the schedule below, for providing assistance in connection with the maintenance of the Trust’s LRMP; and (iii) other related fees.
Liquidity Risk Management Program. Ultimus will provide assistance in the adoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the Investment Company Act. The LRMP shall include the following services: • Assist in the development and implementation of the Fund’s written LRMP. • Perform an in-depth evaluation of the adequacy of the adviser’s written LRMP to ensure compatibility with the Fund’s LRMP. • Provide data from the Fund’s books and records • Assist in monitoring the Fund’s highly liquid investment minimum, if applicable, and the Fund’s level of illiquid investments (15% limit). • Assist with arranging Board notifications. • Assist in the preparation of Form N-LIQUID. • Add adviser’s liquidity risk discussion to shareholder reports.
Liquidity Risk Management Program. Within thirty (30) days, the Association shall submit to the Regional Director revisions to the Association’s liquidity risk management program, acceptable to the Regional Director, that enhance the Association’s continuous identification and monitoring of its current and projected funding needs and its access to sufficient funds to meet those needs. Such revisions to measure and monitor liquidity risk and to achieve and maintain sufficient liquidity shall include at a minimum:
Liquidity Risk Management Program. (1) Within sixty (60) days, the Board shall revise and maintain a comprehensive liquidity risk management plan which assesses, on an ongoing basis, the Bank’s current and projected funding needs, and ensures that sufficient funds or access to funds exist to meet those needs. Such a plan must include effective methods to achieve and maintain sufficient liquidity and to measure and monitor liquidity risk, to include at a minimum:
(a) strategies to maintain sufficient liquidity at reasonable costs including, but not limited to, the following:
(i) reducing balance sheet leverage;
(ii) better diversification of funding sources, reducing the Bank’s high reliance upon wholesale fund providers;
(iii) reducing rollover risk;
(iv) increasing and maintaining adequate short-term asset liquidity; and
(v) increasing liquidity through such actions as obtaining additional capital, placing limits on asset growth, aggressive collection of problem loans and recovery of charged-off assets, and asset sales.
(2) The Board shall submit a copy of the comprehensive liquidity risk management plan to the Assistant Deputy Comptroller.
(3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.
