
Explanation:
Total payments (along with total receipts) is a basic metric used for tracking and understanding gross intraday flows. The other options (client intraday credit usage, intraday credit relative to tier 1 capital, and daily maximum intraday liquidity usage) are metrics specifically designed for quantifying and monitoring actual intraday liquidity risk levels.
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20.8.3. Each of the following is a measure for quantifying and/or monitoring risk levels EXCEPT which is a measure for understanding intraday flows?
A
Total payments
B
Client intraday credit usage
C
Intraday credit relative to tier 1 capital
D
Daily maximum intraday liquidity usage