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To monitor liquidity and funding, the Group Treasury pre- The contingency funding plan covers: the available sourc-
pares a liquidity worksheet that projects’ sources and uses es of contingent funding to supplement cash flow short-
of funds. The worksheet incorporates the impact of mod- ages; the lead times to obtain such funding; the roles and
erate risk and crisis situations. The worksheet is an integral responsibilities of those involved in the contingency plans;
component of the contingency funding plan. Although it is and the communication and escalation requirements when
unlikely that a funding crisis of any significant degree could early warning indicators signal deteriorating market con-
materialize, we consider it important to evaluate this risk ditions. Both short term and long-term funding crises are
and formulate contingency plans should one occur. addressed in the contingency funding plan.
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Annual Report & Accounts 2017
