Article 429f
Calculation of the exposure value of off-balance-sheet items
                     1.  
                     
                  Institutions shall calculate, in accordance with Article 111(2), the exposure value of off-balance-sheet items, excluding the derivative contracts listed in Annex II, credit derivatives, securities financing transactions and the positions referred to in Article 429d.
                  Where a commitment refers to the extension of another off-balance-sheet item, Article 111(3) shall apply.
                     2.  
                     
                  By way of derogation from paragraph 1, institutions may reduce the credit exposure equivalent amount of an off-balance-sheet item by the corresponding amount of specific credit risk adjustments. The calculation shall be subject to a floor of zero.
                  
                     3.  
                     
By way of derogation from Article 495d, institutions shall apply a conversion factor of 10 % to off-balance-sheet items in the form of unconditionally cancellable commitments.