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Capital Requirements Regulation (CRR)
Article 309

Article 309 - Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP

Status
In force
Selected consolidated version from
30/09/2021
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Article 309

Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP

1.  

An institution shall apply the following formula to calculate the own funds requirement for the exposures arising from its pre-funded contributions to the default fund of a non-qualifying CCP and from unfunded contributions to such CCP:

K = DF + UC
where:

K

=

the own funds requirement;

DF

=

the pre-funded contributions to the default fund of a non-qualifying CCP; and

UC

=

the unfunded contributions to the default fund of a non-qualifying CCP.

2.  
An institution shall calculate the risk-weighted exposure amounts for exposures arising from that institution's contribution to the default fund of a non-qualifying CCP for the purposes of Article 92(3) as the own funds requirement, calculated in accordance with paragraph 1 of this Article, multiplied by 12,5.”;

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