Burginvest

Asset-side Liquidity

資産サイドの流動性 Structure ✓ Verified Citations Practitioner-derived
<Definition> Asset-side liquidity refers to the property of a held asset that allows it to be converted into cash, when needed, within a reasonable amount of time and at reasonable cost. Holding an asset and being able to convert it into cash when needed are not the same thing: assets range from cash, which is immediately usable as funds, to assets that can only be converted into cash by being sold in a market or pledged as collateral, and the ease of that conversion differs from asset to asset.
Definition of Asset-side LiquidityHolding an asset and being able to convert it to cash when needed are not the same thing, shown as a flow from holding, through conversion, to Asset-side Liquidity Holding an asset - Equities - Bonds - Loans - Other financial assets Converting to cash Can it meet a funding need when required? Asset-side Liquidity The ability to convert assets to cash and meet funding needs when required
日本語
＜定義＞ 資産サイドの流動性とは、保有する資産を、必要なときに、合理的な時間とコストで現金化できる性質をいう。資産を保有していることと、その資産を必要な時に資金化できることは同じではなく、現金のように直ちに資金として利用できる資産から、市場で売却したり担保として差し入れたりして初めて資金化できる資産まで、資金化の容易さは資産ごとに異なる。

<Mechanism>

Mechanism of Asset-side Liquidity, centered on the Balance SheetA funding need arising from the ASSETS side of the balance sheet, running through which asset, in which market, and at what price and speed it can be sold, to how market liquidity determines the realizable amount, time, and price impact Balance Sheet ASSETS Cash Securities Loans Other assets LIABILITIES Deposits Borrowing Other funding Equity Funding need arises Converting the asset to cash ① Which asset ② In which market ③ At what price and how quickly Market Liquidity Determines three things - Amount realizable - Time to realize it - Impact on price Holding an asset on the B/S does not guarantee it can be converted to full value in cash when needed

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