liquidity

Christmas, when markets are closed and banks are tidying their year-end balance sheets, is always a time of sparse liquidity.

But speculative money in an economy awash with liquidity after two years of stimulus is surely at the root of it.

He said the company's intention was to "ensure the liquidity of the assets" and "maximise the value of the portfolio of assets" .

If that happened, the bank would be forced to put up billions in extra collateral, eating into its liquidity.

Some also have plenty of liquidity: Harrah's has cash and unused bank facilities equivalent to two years of interest payments.

The liquidity and daily trading make it a suitable vehicle for that market, he says.

to a thin cake batter to be dilute, to ensure liquidity in the pot, and do not spread the batter with a spatula.

The bank's trading platform, known as Sigma X, has grown into a significant supplier of liquidity in the US, where it was launched in 2005.

In reply, the chancellor welcomed the plan, which he said could bring liquidity to the financial markets and help companies to borrow.

Silver Lake and its investment partners will no doubt need liquidity of their own one day, but that could mean five or six years from now.

In emerging markets especially, liquidity tends to be lower and volatility can soar in times of stress.

He added that the liquidity of the company is secured at least until the end of this year.

Instead of restructuring, policymakers have been trying to wash away the consequences of the bursting bubble with liquidity.

He said the bank would pursue "strong monetary easing" and provide liquidity to financial markets.

A bank or investor has good funding liquidity if it has enough available funding from its own capital or from (collateralised) loans.

Because of the interconnected nature of finance, one institution's liquidity crisis can swiftly be transmitted around the system.

It might be able to strengthen its liquidity position with a bond issue.

From the perspective of liquidity, the value of corporate social responsibility disclosure to the investors had not been verified.

Globally, there does not seem to be an exit strategy in place to drain this liquidity from the system.

"People are paying attention to how much impact high commodity prices have had on companies, as well as liquidity issues. "

The Bank of Japan called an emergency meeting Aug. 30 to pump more liquidity into the economy, also an attempt to curb the yen's rise.

A subsequent regulatory filing, however, showed that about half the money was being used for existing shareholder liquidity.

The likelihood of a "W" also seems far-fetched without the sort of liquidity crisis seen last autumn.

They have pumped large amounts of liquidity into the system over the past fortnight, and continued to do so this week.

However, the reason causing the excessive liquidity is so complex that the money policy is unable to achieve the expected goal.

"We may be about to turn the corner and see a reversal, with liquidity becoming less available, " he says.

Its difficulties had begun a week earlier as rumours began to circulate that it was short of liquidity .

Liquidity - Just like an individual stock, a mutual fund allows you to request that your shares be converted into cash at any time.

Banks have been able make up for some of that lost liquidity by borrowing at the European Central Bank.

Fueled in part by this massive injection of liquidity, housing prices that had started dropping due to the recession began to soar again.

As a bank, the European financial stability facility would be able to access ECB liquidity in a refinancing crisis.

An average loan-to-deposit ratio of 65%, as of June, would seem to imply at least a 13. 5% cushion of ready liquidity still in the system.

But one of the side effects of all that liquidity in the markets was inflation.

This liquidity injection was designed to ensure that money markets continued to function and did not succumb to a credit freeze.

The RBI said it had made arrangements to provide adequate liquidity to ICICI to meet the demands of its account holders.

With the authorities squezing the property market to control prices, the liquidity is bound to bubble up to the surface in other sectors.

The shareholders argue that the bank was a going concern and had a strong asset base, albeit hit by short-term liquidity problems.

Wheatley said the hitch was a lack of available liquidity of the currency outside China.

It is often considered a measure of the "liquidity of the business. "

"It is our intention not to be in a liquidity trap" , he said.

Using exchange and interest rates as well as the bank reserve requirement ratio to ensure liquidity in the banking system.

Its $82bn in excess liquidity put the bank in a strong position and he could raise more capital by issuing preferred shares.

The argument for it would have to be, instead, that it would be desirable to reduce the liquidity of markets in this way.

China for several months was busily trying to tamp down on liquidity to keep inflation in check.

Liquidity Risk - As the Deposit is not transferable, you may not withdraw the Deposit prior to its maturity without the consent of the Bank.

I know from actual experience that in fighting a war on the financial front one of the worst things is to provide liquidity to the enemy.

Incentive to leave: There was lots of talk yesterday about preemptively structuring founder liquidity.

Mr Cohen used to be a sizeable shareholder of Sotheby's and is still an important provider of liquidity to art buyers.

And excess liquidity (read: too much money chasing too few goods) is at least partly to blame for China's rising-prices problem.

There are signs that it is ready to provide longer-term liquidity (up to one year) to banks and to ease interest rates.

It must also manage liquidity in the bubble-prone domestic economy while trying to micromanage lending in the state-owned banking sector.

Liquidity problem is one of the major difficulties that the financial world has not been able to conquer yet.

Last week the company raised $25bn in emergency funding from three of Japan's largest banks while saying it had "sufficient liquidity" .

As well, keep in mind that this week is a holiday shortened week in the U. S. and due to this, liquidity may suffer in the marketplace.

Should it have compelled the bank to insure itself against the risk of a disruption to its liquidity?

LP pressure: If I'm a limited partner in VC funds, here would be my question about founder liquidity: "Hey, why don't we get a little too? "

Regulators and bankers fear that this "mark-to-market" approach is helping to turn a liquidity crisis into a solvency one.

Wu said, the market liquidity of asset liquidity is all about.

Frequently, emergency liquidity support and blanket guarantees have been used to contain these crises, not always successfully.

"Excess liquidity in private equity has created temptation like there has never been temptation before, " he says.

Experts said the giant liquidity operation might not be enough to end the extreme stress in the market.

Since the draft regulations came out last month, bankers have been warning that it would hit liquidity from equities to corporate bonds.

"Citi has a very strong capital and liquidity position, " a spokesman said, adding that the bank was "focused on executing our strategy" .

And all this while short-term liquidity, in the form of Shibor, the main Shanghai interbank rate, continues to tighten.

Trying to discipline banks after the fact by withholding liquidity risked damaging the economy.

'The current abundant liquidity and low interest rates will not last forever, ' he said. 'Neither will rising property prices. '

Forex Liquidity is also alleged to have been unable to produce required financial documentation regarding its assets and liabilities.

The four traded shares among themselves to "produce a false picture of the depth and liquidity" of the hotel operator, according to the SFC.

Simplify the production process, easy to use, good liquidity and instant of the product.

The enormous amount of liquidity sloshing around the system was directed at acquiring existing properties rather than building new ones.

It would have been impossible, he insists, to conceal such massive lending to one institution within a more general liquidity provision.

'The bank will, while pursuing strong monetary easing, continue to provide ample liquidity to the financial markets, ' Mr. Shirakawa said.

But liquidity, or at least the perception of it, has a downside.

Investors are watching to see whether the US Federal Reserve will also provide additional liquidity into the US system.

Allowing peripheral eurozone governments to address their current liquidity crisis should be the ultimate goal of any such mechanism.

"There is still no liquidity, " he said. "Banks are not lending. This has still not been sorted. "

Japan's central bank seems to have stilled talk of financial panic with huge injections of liquidity.

Liquidity is certainly good for markets, but we recently learned from painful experience that it is also possible to have too much of it.

Liquidity risk is the risk that an entity may be unable to meet a financial commitment to a customer, creditor, or investor when due.

When investing in assets that cannot be readily sold, as in the case of many bank loans, they incur liquidity risks.

Zhou said the high inflation is a result of excessive liquidity in the global market and rising international commodity prices.

Now that the economy is contracting, the Fed won't be able to funnel the excess liquidity into equities or other similar assets.

Liquidity is beginning to wane, and will continue to do so through the London session and into New York.

Analysts said Russia was experiencing a liquidity crunch of the type that has affected western markets for more than a year.

2008, everybody was looking around for cash. Berkshire was one of the few places that was actually providing liquidity.

At present, the market tends to reasonable valuation levels, with easy monetary policy introduced, the market will inject more liquidity.

Institutions should also be required to carry a significant liquidity reserve at all times, insuring against extreme events.

As well keep in mind that tomorrow in Asia Japan will be out for the Labor Thanksgiving day holiday, and thus, liquidity may suffer.

The scale of the TSLF raises concerns that the Fed, in its attempt to reduce liquidity risk, is taking on too much credit risk.

That's where the action is. These stocks' liquidity is very high, and their volatility tends to be good.

Economies that issue reserve currencies are managing international liquidity without a sense of the collective good.

Western companies are reporting to investors who would generally rather they strengthened their liquidity and did not do anything too risky.

Discretionary liquidity The amount of liquidity held by the Bank above the minimum prescribed .

But it is now signalling it has sufficient liquidity to function for a while, even if GM seeks Chapter 11.

indeed, a self-fulfilling run on Italy and Spain's public debt at this point is almost certain, if this liquidity support is not provided.

'Liquidity has really dried up in the marketplace, ' Mr. Mackay said, but 'markets that embrace reform will develop deeper capital markets.

And this omits the contribution to global liquidity of the Bank of Japan, whose low interest rates are fuelling the "carry trade" .

But no one should expect that this will seriously affect the supply of liquidity from the state-run banking sector.

However, much of the good news has come as a result of extraordinary levels of liquidity pouring into opportunities around the globe.

The Indian Government has stated that it may provide temporary direct or indirect liquidity support to the company.

"The depths, the liquidity, the flexibility of the financial markets has increased greatly, " he said.

manage cash to ensure adequate facilities are in place in order to guarantee proper liquidity of the project and of the entity.

In a speech, Merkel sharply criticized the recent liquidity policy of the Fed, calling for a return to what she called 'sensibility.

The liquidity is a very important indicator to test the quality of the stock market, and decides whether the market is mature or not.

The biggest of these is the repeated attempt to address solvency problems through liquidity policies.

Second, there is an acceptance, finally, that the problem, certainly in the case of Greece, is one of solvency not liquidity.

it put liquidity in the banks that let them meet their requirements. Otherwise, they would have to be put out of business.

And banks' liquidity problems are largely the result of money funds' recent reluctance to hold their debt.

The liquidity of subprime-mortgage securities was at the heart of the credit crisis.

President Bush says some of the actions include boosting liquidity in the markets and cracking down on abuse of practices in the markets.

Don't ask where the money for all this liquidity injection comes from, though.

To offset this extra liquidity, the bank "sterilized" the increase in foreign reserves by selling securities to banks.

But it did not provide the "firewall" to address the short-term liquidity needs that the markets wanted.

To offer liquidity at a penal rate, when Greece has no access to the market, would worsen its solvency problem.

Exchange controls exist but with so much liquidity sloshing around China at the moment, approval has become easier to get.

Liquidity did not seem particularly tight in recent days, possibly because fiscal deposits were quickly deployed.

True, such growth would bring with it earlier interest rates hikes and a quicker end to liquidity-pumping exercises by central banks.

Central banks have made a start, mainly by unwinding the emergency liquidity facilities with which they fought financial panic.

Things we used to say were verboten are now considered an acceptable risk-return trade-off as liquidity and hedging markets have developed.

Like most of the people they regulated, the central bankers did not factor in the full effects of a liquidity squeeze.

As Greenspan kept up his effectiveness, financial markets became used to the effectiveness of his liquidity policy.

The liquidity of Internet stocks persuaded investors to buy them in the belief they would be able to sell out in time.

Banks in some countries have had trouble securing liquidity in recent weeks and that pressure is going to mount.

As long-term investors, they offer liquidity when others pull out of the market.

China's regulators are encouraging foreign-listed Chinese companies to list domestically to help soak up the excess liquidity.

A second vehicle would be set up to solve the liquidity problems in AIG's securities-lending business.

One of the best explanations is given by Andrew Smithers, the City of London economist, in his report World Liquidity.

"Lehman was telling the world that it had excess liquidity and we knew they couldn't be better than we were, " one said.

And in that case any further increase in the money supply will have no effect; the economy will, in fact, be in the liquidity trap.

The system had to be adjusted to utilise Japan's over-the-counter options market, which has more liquidity than the listed one.

Liquidity refers to the ease with which assets can be converted to cash in the normal course of business.

In addition to credit policy , liquidity is tightening . The yuan story has been sort of like a striptease show.

President Medvedev said the Russian government would ensure liquidity on the domestic market.

But those half-hearted measures were no match for corporate profit growth, low interest rates and all that liquidity.

Rather than abating, this trend is likely to continue, and possibly worsen, as liquidity gets tighter over the next few months.

In fact, all that excess liquidity Chinese banks have on their balance sheets is really part of the problem.

The market is enjoying high levels of liquidity, a store of investor cash and generally positive economic numbers, he said.

Among the reasons: liquidity injections by central banks, especially the US Federal Reserve, have erred on the side of overkill.

Meanwhile, punt the money in other parts of the world that are benefiting from all the extra liquidity.

Our fair value range includes a 30% discount to account for the company's lack of liquidity and its decreased earnings visibility.

At least one foreign bank in the region has been asked to make a formal commitment to provide liquidity if its local unit gets into trouble.

Global liquidity is such that money is pouring into any investment with the potential to produce a quick return.

Impossible. When you take fund managers out to drinks, they tell you what matters: underlying liquidity, and government policy!

And were the ECB ready to provide unlimited liquidity to solvent states, as it does for banks, it might not have to buy so many dodgy bonds.

The least bad option would be for the ECB to ensure liquidity for solvent governments and financial institutions, without limit.

Into the current liquidity crisis meeting of the bank treasurers Subject.

He said Taiwan offered cheaper listing costs, high liquidity and reasonable regulations.

Liquidity Risk financial institutions as part of the day-to-day management, and its importance should not be overlooked.

First, in conjunction with the Bank of England, we have acted to provide sufficient short-term liquidity.

Now, with liquidity again pouring in, policy makers are trying to find additional ways to stem the tide.

A business meeting was held to discuss correspondence from a major stock holder in regard to the liquidity of the company's assets.

When banks started to cut off the company's access to liquidity, he borrowed money against his personal wealth.

Another question is whether the size and liquidity of the market are large enough to prevent destabilising overshooting in the market price.

Germany's move could cut liquidity in debt markets, particularly for states with big fiscal problems, she said.

"Indeed, it is because these anxieties are rampant that some banks face difficulties in maintaining liquidity, " he said.

It is hard (although not impossible) for governments to be subject to the kind of liquidity crisis that hit the banks in the autumn of 2008.

First, their houses would be worth less and be harder to sell, thus cutting into their sense of security and liquidity.

In the case of a blip in the market , SIVs and conduits are supported by liquidity facilities from highly rated, mainstream banks .

a strong dollar could effectively mean a tightening of liquidity , at a time when the world economy is already slowing.

The bulk, the peak of their trades, all occurred when there supposedly was no liquidity in the market. And what did the market do?

A narrowing of the trade surplus, which has been a major source of excess liquidity, would support the fight against inflation.

For bulls, this is all part and parcel of being a paid-up member of the global economy: growth and liquidity cycles wax and wane.

This unraveling may not occur for a while, as easy money and excessive global liquidity can push asset prices higher for a while.

Other firms give investors greater access, via their websites, to up-to-date information about returns, leverage and liquidity.

Kamal Naqvi, director in commodities at Credit Suisse, said the market could see "liquidity shift very quickly" .

"We've got more to do in the liquidity area. It is the pressing, short-term issue that we're facing, " he said.

And it must insist that as a bare minimum the system has enough capital and liquidity to absorb a crisis as bad as the last one.

However, China did not suffer a liquidity shortage and credit crunch. Its monetary multiplier has been more or less stable.

When Lehman collapsed, so did confidence and bank liquidity, and this was the tipping point of the global collapse.

The problem, in other words, is not a sudden inability to manage liquidity, but a temporary suspension of liquidity-management discipline.

Fannie and Freddie passed the crucial test of liquidity, which SAFE demands of any investment on its books.

When those funds suddenly stopped buying paper, the banks' liquidity lines to these vehicles abruptly came into force.

Thus, once the panic recedes and this excess demand for liquidity shrinks, central banks can and will mop up all this excess liquidity.

But last week's China-driven action could be a taste of things to come if liquidity was the primary catalyst.

In addition, the accord did not allow for the evaporation of liquidity that prevented the banks from financing their businesses.

With so many Americans relying on their credit cards as a major source of liquidity, it would be equivalent to a major pay cut.

The next step was the run on the big US broker-dealers: first Bear Stearns lost its liquidity in days.

The crisis broke out on the background of excess global liquidity and increased inflation pressure.

S. central bank would make when it decides to drain some of the liquidity it pumped into the economy during the financial crisis.

Such a central hub would improve liquidity and foster innovation in commodity-based financial products, bankers say.

Still, Moody's at the time warned that the company's delay reflected its 'very high liquidity and financial risk.

Even with reserves worth 25% of GDP, South Korea had to turn to the Fed for an emergency liquidity line of dollars.

Some ECB rate-setters seem to suggest that a liquidity trap can be avoided simply by not reducing interest rates.

But all three had reasonable liquidity and could have hunkered down for at least another year.

Liquidity is the ease with which an investment can be sold and turned into money.

It would be the reversal of the pre crisis situation that kept global interest rates low and economies flush with liquidity.

A quicker, more powerful alternative would be for the ECB to stand behind solvent sovereigns with unconditional and unlimited liquidity.

What, more precisely, should a central bank do when liquidity dries up in important markets?

Aid must be increased, currency swaps need to be extended and the IMF must expand the scope of its short-term liquidity facility.

Given these recurrent tensions in the market, how might future liquidity shocks be prevented or, at least, coped with?

That would be a solvency problem, but banks could be spared the liquidity panic that hit their Western peers.

The company said the liquidity crunch in China offers a "golden time" for its expansion in the nation.

Central bank liquidity is not, of course, the only factor that has driven prices higher, particularly in the stock markets.

Shanghai recorded its lowest close for seven months amid concerns that liquidity might be drained by forthcoming share listings.

These reserves provide a buffer for banks when liquidity dries up in financial markets.

General panic hits solvency rather than liquidity, (though the two shade in to one another and cannot really be separated).

But part of the explanation could also be cyclical, notably abundant liquidity, low borrowings by companies and high risk appetites.

Businesses suffering from falling demand and a shortage of liquidity have been under pressure to cut their personnel costs .

Some investors worry about a recent decline in bank deposits, a trend that could strain banks' liquidity if it continues.

Analysts say that both policies are aimed at withdrawing liquidity and currency appreciation would be consistent with those moves.

Today, we are announcing another critical piece of our plan to increase the flow of credit and expand liquidity.

Keynes disliked the "fetish of liquidity" but accepted that it was necessary to persuade investors to take risks.

Analysts said that in common with previous such rises, it was not likely to have much effect on stock market liquidity or on bank earnings.

The ample liquidity created by years of record oil prices has left cash-flush banks looking for projects to take on to their books.

Liquidity risk is small probability event, so the point of liquidity risk management is early-warning.

Some use it for emergency financing, others for day-to-day liquidity, just as GE uses commercial-paper markets.

Global liquidity overhangs have led to rising input costs , but a recent credit binge is the main culprit .

One explanation is that this simply reflects unsustainable pre-crisis growth, fuelled by imports of capital and too much domestic liquidity.

Liaison with relevant bank to minimise the company's exposure on liquidity with the right mix of short and long-term borrowings.

All this talk of liquidity prompts me to pour myself a coffee.

The main drivers of inflation appear to be domestic liquidity and prices of international commodities and agricultural products.

As lenders and investors inevitably become more discriminating, liquidity will recede and a number of problems will surface.

Liquidity, investment-driven, economic recovery expectation and macro expectation are the key assumptions of this article.

Liquidity and solvency problems are so intertwined that trying to decide whether it is one or the other is counterproductive.

This liquidity-preference, as Keynes called it, governed the price of financial securities and hence the rate of interest.

Around the region, easy credit and ample liquidity is fueling fears that real-estate prices may be rising to irrational levels.

Third, given this growth of global liquidity, long- and short-term interest rates began to fall precipitously.

But, at the moment , Wall Street is embroiled in a crisis of liquidity and credibility .

In at least one area, liquidity management, many investors learned painful lessons from the crisis.

If the economy remains stagnant, the Bank will probably be slow to remove the liquidity.

The interaction of these economic and technical changes has altered market valuations, volatility, velocity and liquidity.

In recent years, they had an advantage over international competitors in terms of funding and liquidity.

During the credit crunch, they have had more flexibility with capital and liquidity than their private-sector counterparts.

Such bond issues can provide multinational companies a new fund-raising channel at a time when credit markets elsewhere lack liquidity.

The Bank Group will also be alert to ways we can assist these clients if the credit storm and liquidity drought sweeps their way.

But it is galling that the profitability of the banks was partly founded on an excessive reliance on central banks as liquidity providers.

He adds that the only thing pushing prices higher is the expectation of price appreciation, which in turn sucks in more liquidity.

Liquidity can also suggest be (the) ease with which money can be raised in debt market (markets).

There was no eurozone liquidity crisis, Mr Trichet said.

The price of 10-year bonds collapsed, yields soared, liquidity was sucked out of the system and the recovery stalled.

The fund will not be capable of acting quickly even if its resources are expanded by giving it access to the ECB's liquidity.

But that assumes the market will believe the company's business case, that the liquidity and the investment bank will be there when needed.

There was a decrease in the commercial bank placement due to the liquidity squeeze in commercial banks.

The Company shall analyze the quality and liquidity of its assets as well as its liability situation, and make a general disclosure thereof.

Heading into the coming year our balance sheet is in good shape with strong liquidity and is well positioned to support future growth.

However, the existing performance evaluation methods of mutual fund do not consider the influence of liquidity risk.

Since the beginning of last year, China has raised the bank reserve requirement nine times to soak up liquidity.

The bank is unlikely to want to disrupt the flow of liquidity by making big changes.

Macroeconomic risks linked to excessive liquidity, inflation, asset bubbles and a cyclical rise in bad bank loans are rising significantly.

This would help prevent the economy falling into a liquidity trap, a position when monetary policy loses traction.

There's now more liquidity in the system, as well as government efforts to specifically target export sectors and give them breathing room.

"There has been a focus on banks' capital, liquidity and their mortgage exposure. "

That leaves the risk of letting too much liquidity slosh around the system.

Huang added that China's economy is facing other challenges as well - including a liquidity squeeze, climbing costs and exchange rate risks.

'Given this kind of background, global liquidity while relatively flush is not likely to generate significant global inflation, ' Liu said.

This was the significant impact of the crisis to the rural bank industry liquidity.

The Bank of Japan issued a statement promising to provide ample liquidity.

The Contingency Funding Plan ( "CFP" ) is the Company's primary liquidity and funding risk management tool.

China's policy makers could have boosted lending just as effectively with under the radar fine tuning of liquidity conditions.

Macro-economic risks linked to excessive liquidity, inflation, asset bubbles and a cyclical rise in bad bank loans are rising significantly.