7.5 Information on intraday liquidity risk management

Where appropriate, on the set-up of intraday liquidity risk management, competent authorities should ensure that they receive from institutions the following:

• a. description of the criteria and tools for measuring and monitoring intraday liquidity risks;
• b. description of the escalation procedures for the purpose of intraday liquidity shortfalls which ensure that payments due and settlement obligations are met on a timely basis under both ‘business as usual’ and stressed conditions.

7.5.2 Operational documentation

Where appropriate, on the implementation of intraday liquidity risk management, competent authorities should ensure that they receive from institutions the following:

• a. quantitative overview of intraday liquidity risk over the past year at an appropriate frequency;
• b. the total number of missed payments and an overview with explanation of material payments missed or material obligations not met by the institution in a timely manner.