MIR 4.7.22

A Recognised Clearing House must:

(a) determine the amount of its minimum liquid resources;
(b) maintain sufficient liquid resources to be able to effect same-day, intra-day or multi-day settlement, as applicable, of its payment obligations with a high degree of confidence under a wide range of potential stress scenarios;
(c) ensure that all resources held for the purposes of meeting its minimum liquid resource requirement are available when needed;
(d) have a well-documented rationale to support the amount and form of total liquid resources it maintains for the purposes of (b) and (c); and
(e) have appropriate arrangements in order to be able to maintain, on an on-going basis, such amount and form of its total liquid resources.