Code of Federal Regulations (alpha)

CFR /  Title 17  /  Part 37  /  Sec. 37.1305 Liquidity of financial resources.

The financial resources allocated by the swap execution facility to meet the requirements of Sec. 37.1301 shall include unencumbered, liquid financial assets (i.e., cash and/or highly liquid securities) equal to at least six months' operating costs. If any portion of such financial resources is not sufficiently liquid, the swap execution facility may take into account a committed line of credit or similar facility for the purpose of meeting this requirement.