i. Example of First Liquidity Stress

Effective from 2020-10-17 - Oct 16 2020
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An unforeseen, name-specific, liquidity stress in which:

	-	Financial market participants and retail depositors consider that in the short-term the bank will be or is likely to be unable to meet its liabilities as they fall due.
	-	The bank's counterparties reduce the amount of intra-day credit which they are willing to extend to it.
	-	The bank ceases to have access to foreign currency spot and swap markets.
	-	Over the longer-term, the bank's obligations linked to its credit rating crystallize as a result of a reduction in that credit rating. For the purpose, a bank must assume that the initial, short-term, period of stress lasts for at least two weeks.