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Article 428ad - 50 % required stable funding factor

Article 428ad

50 % required stable funding factor

The following assets shall be subject to a 50 % required stable funding factor:

(a) 

unencumbered assets that are eligible as level 2B assets pursuant to the delegated act referred to in Article 460(1), excluding level 2B securitisations and high quality covered bonds pursuant to that delegated act, regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act;

(b) 

deposits held by the institution in another financial institution that fulfil the criteria for operational deposits as set out in the delegated act referred to in Article 460(1);

(c) 

monies due from transactions with a residual maturity of less than one year with:

(i) 

the central government of a Member State or of a third country;

(ii) 

regional governments or local authorities in a Member State or in a third country;

(iii) 

public sector entities of a Member State or of a third country;

(iv) 

multilateral development banks referred to in Article 117(2) and international organisations referred to in Article 118;

(v) 

non-financial corporates, retail customers and SMEs;

(vi) 

credit unions authorised by a competent authority, personal investment companies and clients that are deposit brokers to the extent that those assets do not fall under point (b) of this paragraph;

(d) 

monies due from transactions with a residual maturity of at least six months but less than one year with:

(i) 

the European Central Bank or the central bank of a Member State;

(ii) 

the central bank of a third country;

(e) 

trade finance on-balance-sheet related products with a residual maturity of at least six months but less than one year;

(f) 

assets encumbered for a residual maturity of at least six months but less than one year, except where those assets would be assigned a higher required stable funding factor in accordance with Articles 428ae to 428ah if they were held unencumbered, in which case the higher required stable funding factor that would apply to those assets if they were held unencumbered shall apply;

(g) 

any other assets with a residual maturity of less than one year, unless otherwise specified in Articles 428r to 428ac.

In force

Version from: 08/07/2022

Amendment History