Short-term funding and liquidity management
Highly active on the money market
KfW ensures the liquidity of the entire KfW Group via the global money and capital markets. KfW is one of the world's most active players in the money market, particularly through its , which serve short-term borrowing and are important for liquidity management for the entire KfW Group.
KfW holds financial assets for group-wide management of liquidity through a liquidity portfolio, for which it invests exclusively in fixed-income securities with a good credit rating (investment grade). When selecting investments for the liquidity portfolio, KfW considers the issuers’ sustainability assessment based on environmental, social and governance (ESG) criteria in addition to their credit rating.
The information contained in this online Annual Report 2016 is based on KfW’s Financial Report 2016, which you can download Should this online Annual Report 2016, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2016 takes priority.