Principles for Doing Business at Lloyd's
Principle 9: Liquidity – Principles for Doing Business at Lloyd's

Principles for Doing Business at Lloyd's P9.5: 9.5 Thorough liquidity contingency plans

Liquidity contingency plans are thorough: step-by-step actions with timing, decision process, roles, costs and applicability to scenarios; a defined invocation process linked to appetite and early warning indicators; contractual actions separated from aspirational ones; a credible assessment of management actions in a systemic event; periodic testing of assumptions and committed facilities.

Maintained by Gerard Blokdyk

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