> ## 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.

# ES (current ratio)

<Badge color="gray" size="lg">[ima](../tags/ima)</Badge>

|                                      |                                                                                                                                                                   |
| ------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description**                      | For each risk class and allin risk class, this is the ratio of the liquidity adjusted ES for full current set and ES for reduced current set. It is floored at 1. |
| **Hierarchies required in the view** | [Risk Classes](./risk-classes)                                                                                                                                    |
| **Reference**                        | [\[MAR33.6\]](https://www.bis.org/basel_framework/chapter/MAR/33.htm?inforce=20230101\&published=20200327#paragraph_MAR_33_20230101_33_6)                         |
| **Formula**                          | $\displaystyle \max\left(\frac{ES_{F,C}}{ES_{R,C}},1\right)$                                                                                                      |