Article 122 | CRR | Regulation 575/2013

Updated 28/09/2023

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Version from: 28/06/2023

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There is currently no level 2 legal act based on or specifying Article 122.

Article 122 - Exposures to corporates

Article 122

Exposures to corporates

Exposures for which a credit assessment by a nominated ECAI is available shall be assigned a risk weight in accordance with Table 6 which corresponds to the credit assessment of the ECAI in accordance with Article 136.

Table 6

Credit quality step	1	2	3	4	5	6
Risk weight	20 %	50 %	100 %	100 %	150 %	150 %

Exposures for which such a credit assessment is not available shall be assigned a 100 % risk weight or the risk weight of exposures to the central government of the jurisdiction in which the corporate is incorporated, whichever is the higher.

Recitals

PART ONE - GENERAL PROVISIONS (Article 1-24)

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

PART THREE - CAPITAL REQUIREMENTS (Article 92-386)

TITLE I - GENERAL REQUIREMENTS, VALUATION AND REPORTING (Article 92-106)

TITLE II - CAPITAL REQUIREMENTS FOR CREDIT RISK (Article 107-311)

CHAPTER 1 - General principles (Article 107-110)

CHAPTER 2 - Standardised approach (Article 111-141)

Section 1 - General principles (Article 111-113)

Section 2 - Risk weights (Article 114-134)Article 114 - Exposures to central governments or central banks IAQ&A Article 115 - Exposures to regional governments or local authorities IAQ&AGL Article 116 - Exposures to public sector entities IAQ&A Article 117 - Exposures to multilateral development banks Q&A Article 118 - Exposures to international organisations Q&A Article 119 - Exposures to institutions Q&A Article 120 - Exposures to rated institutions Q&A Article 121 - Exposures to unrated institutions Q&A Article 122 - Exposures to corporates Q&A Article 123 - Retail exposures Q&A Article 124 - Exposures secured by mortgages on immovable property RTSQ&A Article 125 - Exposures fully and completely secured by mortgages on residential property RTSQ&A Article 126 - Exposures fully and completely secured by mortgages on commercial immovable property RTSQ&A Article 127 - Exposures in default RTSQ&AGL Article 128 - Items associated with particular high risk Q&AGL Article 129 - Exposures in the form of covered bonds Q&A Article 130 - Items representing securitisation positions Article 131 - Exposures to institutions and corporates with a short-term credit assessment Q&A Article 132 - Own funds requirements for exposures in the form of units or shares in CIUs Q&A Article 132a - Approaches for calculating risk-weighted exposure amounts of CIUs RTSQ&A Article 132b - Exclusions from the approaches for calculating risk-weighted exposure amounts of CIUs Article 132c - Treatment of off-balance-sheet exposures to CIUs Q&A Article 133 - Equity exposures Q&A Article 134 - Other items Q&A

Section 3 - Recognition and mapping of credit risk assessment (Article 135-137)

Section 4 - Use of the ECAI credit assessments for the determination of risk weights (Article 138-141)

CHAPTER 3 - Internal Ratings Based Approach (Article 142-191)

CHAPTER 4 - Credit risk mitigation (Article 192-241)

CHAPTER 5 - Securitisation (Article 242-270e)

CHAPTER 6 - Counterparty credit risk (Article 271-311)

TITLE III - OWN FUNDS REQUIREMENTS FOR OPERATIONAL RISK (Article 312-324)

TITLE IV - OWN FUNDS REQUIREMENTS FOR MARKET RISK (Article 325-377)

TITLE V - OWN FUNDS REQUIREMENTS FOR SETTLEMENT RISK (Article 378-380)

TITLE VI - OWN FUNDS REQUIREMENTS FOR CREDIT VALUATION ADJUSTMENT RISK (Article 381-386)

PART FOUR - LARGE EXPOSURES (Article 387-403)

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

PART SIX - LIQUIDITY (Article 411-428az)

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)

ANNEX I Q&A ANNEX II RTSDAQ&A ANNEX III ITSQ&A ANNEX IV Q&A

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Article 122 - Exposures to corporates

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