Article 428ay | CRR | Regulation 575/2013

Article 428ay - 85 % required stable funding factor

Article 428ay

85 % required stable funding factor

The following assets and off-balance-sheet items shall be subject to a 85 % required stable funding factor:

(a)

any assets and off-balance-sheet items, including cash, posted as initial margin for derivative contracts or posted as contribution to the default fund of a CCP, unless those assets would be assigned a higher required stable funding factor in accordance with Article 428az if held unencumbered, in which case the higher required stable funding factor that would apply to those assets if they were held unencumbered shall apply;

(b)

unencumbered loans with a residual maturity of one year or more, excluding loans to financial customers, which are not past due for more than 90 days;

(c)

trade finance on-balance-sheet related products, with a residual maturity of one year or more;

(d)

unencumbered securities with a residual maturity of one year or more that are not in default in accordance with Article 178 and that are not eligible as liquid assets pursuant to the delegated act referred to in Article 460(1);

(e)

unencumbered exchange-traded equities that are not eligible as level 2B assets pursuant to the delegated act referred to in Article 460(1);

(f)

physically traded commodities, including gold but excluding commodity derivatives.

PART ONE - GENERAL PROVISIONS (Article 1-24)

PART TWO - OWN FUNDS AND ELIGIBLE LIABILITIES (Article 25-91)

PART THREE - CAPITAL REQUIREMENTS (Article 92-386)

PART FOUR - LARGE EXPOSURES (Article 387-403)

PART FIVE - EXPOSURES TO TRANSFERRED CREDIT RISK (Article 404-410)

PART SIX - LIQUIDITY (Article 411-428az)

TITLE I - DEFINITIONS AND LIQUIDITY REQUIREMENTS (Article 411-414)

TITLE II - LIQUIDITY REPORTING (Article 415-426)

TITLE III - REPORTING ON STABLE FUNDING (Article 427-428)

TITLE IV - THE NET STABLE FUNDING RATIO (Article 428a-428h)

CHAPTER 3 - Available stable funding (Article 428i-428o)

CHAPTER 4 - Required stable funding (Article 428p-428ah)

CHAPTER 5 - Derogation for small and non-complex institutions (Article 428ai)

CHAPTER 6 - Available stable funding for the simplified calculation of the net stable funding ratio (Article 428aj-428ap)

CHAPTER 7 - Required stable funding for the simplified calculation of the net stable funding ratio (Article 428aq-428az)

Section 1 - General provisions (Article 428aq-428ar)

Section 2 - Required stable funding factors (Article 428as-428az)Article 428as - 0 % required stable funding factor Article 428at - 5 % required stable funding factor Article 428au - 10 % required stable funding factor Article 428av - 20 % required stable funding factor Article 428aw - 50 % required stable funding factor Article 428ax - 55 % required stable funding factor Article 428ay - 85 % required stable funding factor Article 428az - 100 % required stable funding factor

PART SEVEN - LEVERAGE (Article 429-429g)

PART SEVEN A - REPORTING REQUIREMENTS (Article 430-430c)

PART EIGHT - DISCLOSURE BY INSTITUTIONS (Article 431-455)

PART NINE - DELEGATED AND IMPLEMENTING ACTS (Article 456-464)

PART TEN - TRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS (Article 465-520)

PART ELEVEN - FINAL PROVISIONS (Article 521)

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Level 2 legal acts

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Article 428ay - 85 % required stable funding factor

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