> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# LiquidityHorizons

> Reference for the LiquidityHorizons configuration file, which lists the five liquidity horizon values (10, 20, 40, 60, and 120 days) from MAR33.4 used in IMA Expected Shortfall calculations.

The **LiquidityHorizons.csv** file provides a list of liquidity horizons for IMA IMCC calculations from [MAR33.4](https://www.bis.org/basel_framework/chapter/MAR/33.htm?inforce=20230101\&published=20200327#paragraph_MAR_33_20230101_33_4).

## File format

| Field name        | Description                                                       |
| ----------------- | ----------------------------------------------------------------- |
| Index             | The number of the liquidity horizon                               |
| Liquidity Horizon | The liquidity horizon                                             |
| Date              | The start date that the parameter takes effect                    |
| ParameterSet      | The parameter set to which the parameter belongs (default = BCBS) |

## File values

| Index | Liquidity Horizon | Date       | ParameterSet |
| ----- | ----------------- | ---------- | ------------ |
| 1     | 10                | 2016-01-01 |              |
| 2     | 20                | 2016-01-01 |              |
| 3     | 40                | 2016-01-01 |              |
| 4     | 60                | 2016-01-01 |              |
| 5     | 120               | 2016-01-01 |              |