17 CFR § 37.1305
Liquidity of financial resources
April 15, 2021
The financial resources allocated by the swap execution facility to meet the requirements of §37.1301 shall include unencumbered, liquid financial assets (i.e., cash and/or highly liquid securities) equal to at least six months' operating costs. If any portion of such financial resources is not sufficiently liquid, the swap execution facility may take into account a committed line of credit or similar facility for the purpose of meeting this requirement.