Liquidity

Liquidity

1. 4.1.1. Sources

   • Internal
     • Cash Generated from operations
     • Cash generated from disposals of assets
   • of Short term funds
   • of Long term funds
   • of Short term investments

2. 4.1.2 Principles

   • Borrowing
     • AFDC
   • Investments
     • SLY

3. 4.2.1.3 Identifying LR (Def, Identif, Classif)

   • Classifying Liquiduty
     • Operational
     • Strategic
     • Internal resources
     • External resources
   • Sources
     • Global, industry-wide, firm-specific
     • Classifying
       • Direct/indirect
       • Continuous/discreet

4. Assessing risks to

   • Liquidity
   • Classification

5. Managing

   • Policy
     • Issues
       • Capital Structure
       • Credit rating
       • Headroom
       • Bank relationships Debt/facility profile Extent of cash buffer Central control Protecting cash investments
     • Policies

6. Implementing

   • Short term responses
     • Operational risks
     • Strategic cash
     • Internal resources
     • External resources
   • Long term responses

7. Evaluating

   • Short / Medium
     • Do cashflow forecasts
     • Sensitivity / scenario
   • Long term
     • Do cashflow forecasts
     • Sensitivity / scenario