CMS Sept 2022

Internal Use Only

Liquidity Measurement & Management Process

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Internal Use Only

Examples of Liquidity Stress Events Idiosyncratic • AQ deterioration • Consistent operating losses • Rising reputational risk • Inability to access funding lines • Credit rating downgrade • PCA downgrade • Deposit run/rapid redemption of time deposits • Collateral requirement changes Systemic • Funding markets cease to function • Bond market fluctuations • Inability to sell/securitize assets • Negative news • Credit rating downgrade • Significant funding vehicles cost changes

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