| 11. | "People aren't going to attend an auction of liquid securities if they have to pay full price,"
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| 12. | Brown's Houston-based broker, John Isaac Epley, that it wanted to invest only in low-risk, highly liquid securities.
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| 13. | The investors who eventually came out flocked to short-term government bonds, considered the safest and most liquid securities.
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| 14. | Roche dividend right certificates, its most liquid securities, fell 340 francs to 13, 005 francs in early trading.
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| 15. | The funds most badly hurt were those investing in the least liquid securities and using the most leverage.
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| 16. | Roche dividend right certificates, its most liquid securities, fell 465 francs to 12, 880 francs at midday trading.
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| 17. | Traders speculated that some Asian investors are selling the short term and most liquid securities to bolster currency reserves.
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| 18. | Others, like money market funds, that may hold only the safest, most liquid securities may also have to sell.
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| 19. | Mutual funds like Federated need to own liquid securities because they must be able to redeem investors'shares for cash.
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| 20. | And on the other side it creates a liquid security that can be owned by people on the outside.
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