liquidity risk
as defined in Directive 2009/138/EC of the European Parliament and of the Council of…, Article 13, point (34) (Definitions)
the risk that insurance and reinsurance undertakings are unable to realise investments and other assets in order to settle their financial obligations when they fall due
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Also defined in
- Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules… 32018R1046, Article 2, point (39)
the risk that a financial asset held in the common provisioning fund might not be sold during a certain period of time without incurring a significant loss