Article 17
General provisions
1.
For the purposes of the prudential requirements relating to the credit risk arising from the provision of banking-type ancillary services by a CSD-banking service provider in respect of each securities settlement system, as referred to in Article 59(3) and (5) of Regulation (EU) No 909/2014, a CSD-banking service provider shall comply with all requirements set out in this Chapter on monitoring, measuring, management, reporting and public disclosure of credit risk with regard to the following:
(a)
intraday credit risk and overnight credit risk;
(b)
relevant collateral and other equivalent financial resources used in relation to the risks referred to in point (a);
(c)
potential residual credit exposures;
(d)
reimbursement procedures and sanctioning rates.
2.
For the purposes of the prudential requirements relating to the liquidity risk arising from the provision of banking-type ancillary services by a CSD-banking service provider in respect of each securities settlement system as referred to in Article 59(4) of Regulation (EU) No 909/2014, a CSD-banking service provider shall comply with all of the following:
(a)
the requirements of Section 2 for the monitoring, measuring, management, reporting and public disclosure of liquidity risks;
(b)
the requirements of Regulation (EU) No 575/2013 on monitoring, measuring, management, reporting and public disclosure of other liquidity risks than those covered by point (a).