能否翻译一下4

问题如下：

Which of the following is NOT the common sources of intraday liquidity?

选项：

A.

Cash balances: Deposits at central bank and at a correspondent bank’s accounts.

B.

Incoming flows from payments and financial market utilities

C.

Liquid assets: This pool of assets includes money market instruments, time deposits, banker's acceptances, and high-quality, short-term government debt

D.

High-yield assets held by banks: mortgages, PE fund.

解释：

考点：对Uses and Sources of Intraday Liquidity的理解

答案：选项D不属于Common sources of intraday liquidity.

解析：

要作为Common sources of intraday liquidity需要有较好的流动性，D选项的Mortgages和PE Fund属于流动性较差的资产，无法作为Common sources of Intraday liquidity。

可以作为Common sources of intraday liquidity的有：

1、Cash balances: Deposits at central bank and at a correspondent bank’s accounts.

2、Incoming funds flow: Incoming flows from payments and financial market utilities (FMU) settlements are the largest intraday funding in normal market function.

3、Intraday credit: Central banks serve as a large source of intraday credit for the banking system and their borrowing terms vary across jurisdictions.

4、FMUs and other banks may also provide intraday credit: Interbank daylight overdraft are generally uncommitted. FMUs extend daylight credit by allowing a participant to enter trades/transactions during the day while potentially accumulating a large settlement position that must be met at end of day.

5、Liquid assets: This pool of assets includes money market instruments, time deposits, banker's acceptances, and high-quality, short-term government debt.

6、Overnight borrowings. Fed funds, London Interbank Offered Rate (LIBOR), and Eurodollar deposits.

7、Other term funding: Similar to overnight borrowing.