Authorised Firm must manage its intra-day liquidity positions prudently to ensure that it is able to meet its settlement and payment obligations in a timely manner under business as usual and stressed conditions, in all material currencies and active markets.
(2) For the purposes of (1), an
Authorised Firm must be reasonably able to:
(a) identify and prioritise the most time critical payment and settlement obligations;
(b) measure daily gross liquidity inflows and outflows and any potential funding gaps;
(c) identify cash flow timings and shortfalls at different points in time during the day;
(d) manage the timing of cash outflows to give priority to time critical payments; and
(e) obtain sufficient intra-day funding, including intra-day liquidity facilities from correspondent banks or Central Banks.
Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]