The bank's liquidity position is very strong, with liquid assets of close to €9bn at year-end 2007.

There will be benefits to banks' liquidity positions but that's not the same as a benefit to the real economy.

The firm responded bearishly, by increasing its liquidity position to 41% at year end.

Net equity exposure at year end was 70%, with a 6% bullion and 24% liquidity position.

In a conference call with analysts yesterday, the company reassured investors that its cash and liquidity positions were sound.

In the industry this factor is called an insurer's "liquidity position."

Skopbank's liquidity position finally collapsed on September 19, 1991, when other banks would not buy its money market debt papers at all.

Salomon said in a statement regarding the filing that the firm's liquidity position was still strong.

The market is given the estimate of the liquidity position for the coming day's business at 9.45 a.m. on their information screens.

This worsened its liquidity position, which had hitherto started to deteriorate.