8.1.1.4 Calculation of UA fully invested in Liquid Assets

1. The application identifies the underlying asset of the fund as quick asset by checking the following conditions.
   • Eligible HQLA

     The application captures this information by using the Eligible HQLA flag.

   • Active Secondary Market

     The application checks if the UA fund is invested in assets that are traded in secondary markets using the Active Secondary Market flag.

   • Exchange Traded Commodities

     Identifies if the UA fund is invested in exchange traded commodities

   • Balances with banks with residential maturity/callable period within 30 days

     Identifies the deposits with residual maturity within 30 days or if the callable period for the deposit is within 30 days.

     If the underlying asset of the fund meets the above conditions then the application will mark the underlying asset as quick asset.

2. If the conditions in Step (1) is fulfilled for all the underlying assets of the fund, then the application updates the value of the flag as “Yes” else “No”.