DFSA may allow an Authorised Firm to recognise as cash inflow, access to a parent entity's funds via a committed funding facility if the Authorised Firm is a subsidiary of a foreign bank. In such instances, the committed funding facility from the parent entity must meet both of the following criteria:
(a) the facility must be an irrevocable commitment and must be appropriately documented; and
(b) the facility must be quantified.
(2) A committed funding facility from a parent entity referred to in (1) can be recognised as a cash inflow only from day 16 of the LCR scenario. The cash inflow from a parent entity can be sufficient in size to cover only net cash outflows against items with a maturity or next call date between days 16 and 30 of the LCR.
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]