The risk management framework must, in the case of liquidity risk, be sufficiently robust to ensure that the central counterparty—
| (a) |
conducts comprehensive cash flow forecasting; |
| (b) |
specifies, implements and maintains appropriate limits in respect of its respective funding sources, including all relevant products, counterparties and markets; |
| (c) |
conducts robust liquidity scenario stress testing, including stress tests in respect of such specific or sector specific scenarios as may be determined by the central counterparty; |
| (d) |
develops and maintains robust and multifaceted contingency funding plans; and |
| (e) |
maintains sufficient reserves of liquid assets to meet contingent liquidity needs. |
Statistics Act, 1999
