The liquidity category of an asset is determined by the combination of asset type and issuer group. The actual liquidity category assignments are regularly reviewed from a risk perspective. The below specified values are valid as of 1 January 2011, as specified in Guideline ECB/2010/13, art. 3 (3).
|Central Bank||Central Government||Corporate and other issuers||Credit Institution (excluding agencies)||Regional/Local government||Supranational Issuer||Agency - non credit institution||Agency - credit institution||Financial corporations other than credit institutions|
|AT03||T-bill / CP/ CD||I||I||III||IV||II||II||II||II||IV|
|AT10||Non-jumbo covered bonds||N/A||N/A||N/A||III||N/A||N/A||N/A||II||III|
|AT11||Other securitised assets / ABS / MBS||N/A||N/A||N/A||N/A||N/A||N/A||N/A||N/A||V|
Following a decision by the Governing Council on 07/08/08 a new Issuer Group IG9 has been introduced. It is used for “Financial corporations other than credit institutions”.