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.”;