考点

问题如下：

A risk consultant has been hired by a bank to review and evaluate the bank’s current liquidity transfer pricing (LTP) policy and recommend changes to it. The consultant reviews the governance of the LTP process and prepares a report based on industry best practices. Which of the following would be a correct recommendation for the consultant to make?

选项：

A.

The real costs of the bank’s liquidity cushion are best reduced through long-term funding.

B.

LTP of contingent bank obligations, such as collateral calls and committed lines of credit, can only be conducted after the first drawdown.

C.

A pooled average cost of funds approach is the most accurate LTP formula.

D.

A liquidity transfer price should reflect the costs, benefits, and risks of the bank as a whole.

解释：

A is correct. The bank’s liquidity cushion real costs are best reduced through longterm funding.

B is incorrect. Contingent bank obligations such as collateral calls and committed lines of credit are assigned a liquidity transfer price when established.

C is incorrect. A matched-maturity marginal cost of funds approach is the most accurate transfer pricing formula.

D is incorrect. Liquidity transfer pricing should reflect the costs, benefits and risks of respective businesses.