Asset Allocation & Risk

What is liquidity risk?

Polska wersja tej strony jest w przygotowaniu. Do tego czasu treść jest wyświetlana po angielsku.

Liquidity risk is the risk of being unable to sell or redeem an asset in time and at a fair price when you need to.

The criteria for investment product risk grades require liquidity risk to be stated in the product description in 3 levels, according to whether early redemption is possible and at what cost: 'early redemption not possible', 'costs incurred on early redemption' and 'early redemption permitted'. Even if a product's structure places no restrictions on redemption, liquidity risk can increase if there is no market in which to trade it or trading is thin.

Source: BNB Asset Management Investment Solicitation Guidelines (amended 2024-04-26), Appendix 3: Guidelines for Determining the Risk Grade of Investment Products
Last updated: 14.10.2026

This answer is general financial information as of 14.10.2026, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.