Art. 159a · Non-application of PD, LGD and CCF input floors

Version in force 1 January 2025, Inserted +527 −0§

Amended by Regulation (EU) 2024/1623 32024R1623 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2987 32024R2987 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2024/2795 32024R2795 on EUR-Lex (external, EUR-Lex)

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Explanation, written by a model and checked against the cited text

This is a new provision, Article 159a, stating that for the purposes of Chapter 3, and specifically Articles 160(1), 161(4), 164(4) and 166(8c), the PD, LGD and CCF input floors do not apply to the portion of an exposure covered by an eligible guarantee provided by a central government, a central bank or the ECB.

The same new text specifies that the remaining portion of the exposure not covered by that guarantee remains subject to the PD, LGD and CCF input floors concerned.

Cited: Art. 159a, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 159a
Non-application of PD, LGD and CCF input floors
For the purposes of Chapter 3, and in particular with regard to Articles 160(1), 161(4), 164(4) and 166(8c), where an exposure is covered by an eligible guarantee provided by a central government or central bank or by the ECB, the PD, LGD and CCF input floors shall not apply to the part of the exposure covered by that guarantee. However, the part of the exposure that is not covered by that guarantee shall be subject to the PD, LGD and CCF input floors concerned.