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Deriving the Liquidity category

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).

		IG1	IG2	IG3	IG4	IG5	IG6	IG7	IG8	IG9
		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
AT01	Bond	I	I	III	IV	II	II	II	II	IV
AT02	MTN	I	I	III	IV	II	II	II	II	IV
AT03	T-bill / CP/ CD	I	I	III	IV	II	II	II	II	IV
AT09	Jumbo Pfandbriefe-style	N/A	N/A	N/A	II	N/A	N/A	N/A	II	II
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”.