Consider the following four definitions related to liquidity risk:

• Liquidity risk: The event that in the future the bank receives smaller than expected amounts of cash flows to meet its payment obligations.

• Funding cost risk: The event that in the future the bank has to pay greater than expected cost (spread) above the risk-free rate to receive funds from sources of liquidity that are available.

• Liquidity generation capacity: The ability of a bank to generate positive cash flows, beyond contractual ones, from the sources of liquidity available in the balance sheet and off the balance sheet at a given date.

• Cash flow at Risk (CFaR): The amount of economic losses due to the fact that on a given date the algebraic sum of positive and negative cash flows and of existing cash available at that date, is different from some (desired) expected level.

About these definitions, which of the following statements is TRUE?