Alert thresholds | |||||||
Underlying Risk | Key risk indicator | Actual value | Previous value | Trend over the period | Normal situation | Alarming situation | Critical situation |
Insufficient unbundling of tasks between approval, execution and recording of investment accounts | The number of anomalies detected by internal controllers, internal or external auditors, etc.) | 0 | 1 | ≥2 | |||
Sub-optimized cash management: Surplus not invested, insufficient liquidity | Theoretical return of assets not invested | ≤1% of the total investment returns | ]1%; 5%[ of the total investment returns | ≥5% of the total investment returns | |||
Liquidity exceedance ratio | ≤20% of the total securities portfolio | ]20%; 25%[ of the total securities portfolio | ≥25% of the total securities portfolio | ||||
Inaccurate asset valuation | The number of anomalies detected by internal controllers, internal or external auditors, market authority etc.) | 0 | 1 | ≥2 | |||
Issuer risk: Overexposure to a given issuer | Issuer ratio | ≤20% of the total securities portfolio | ]20%; 25%[ of the total securities portfolio | ≥25% of the total securities portfolio | |||
Noncompliance with the pre-established investment policy | Yield spread between strategic portfolio and existing one | >0% | <0% | <−5% | |||
Unfunded asset’s depreciation | The number of anomalies detected by internal controllers, internal or external auditors, market authority etc.) | 0 | 1 | ≥2 | |||
Unrecorded depreciation value | ≤1% of the securities portfolio | ]1%; 3%[ of the securities portfolio | ≥3% of the securities portfolio | ||||
Exceedance of the borrowing limit | Borrowing ratio | ≤10% of the securities portfolio | ]10%; 15%[ of the securities portfolio | ≥15% of the securities portfolio |