Article 26
Outflows with inter-dependent inflows
Subject to prior approval of the competent authority, credit institutions may calculate the liquidity outflow net of an interdependent inflow which meets all the following conditions:
(a)
the interdependent inflow is directly linked to the outflow and is not considered in the calculation of liquidity inflows in Chapter 3;
(b)
the interdependent inflow is required pursuant to a legal, regulatory or contractual commitment;
(c)
the interdependent inflow meets one of the following conditions:
(i)
it arises compulsorily before the outflow;
(ii)
it is received within 10 days and is guaranteed by the central government of a Member State.
Competent authorities shall inform the EBA which institutions benefit from the netting of outflows with interdependent inflows under this article. The EBA may request supporting documentation.