Version in force , Modified +496 −373§
Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2021/558 32021R0558 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2020/873 32020R0873 on EUR-Lex (external, EUR-Lex)
Not in every listWhat this means
Found in the text, but not every source lists it — the text comparison found this change; the EU's own amendment metadata does not list it. The source that does not name it is the EU's own amendment metadata. Both are shown; neither is overruled.
Explanation, written by a model and checked against the cited text
The heading changed from Treatment of collateral to Calculation of the risk position, and the article's subject matter changed accordingly.
The earlier text set out rules for treating collateral received from or posted with a counterparty as short or long positions due on the determination date, while the later text instead defines a formula for the risk position of each transaction in a netting set, expressed as the product of a supervisory delta, an adjusted notional amount, and a maturity factor, referencing Articles 279a, 279b and 279c for those components.
Cited: Art. 279, v1 (external, EUR-Lex) · Art. 279, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
texts differ too much for an inline diff; shown separately
Previous version, in force 28 December 2020 02013R0575-20201228
Article 279 Treatment of collateral For the determination of risk positions, institutions shall treat collateral as follows: (a) collateral received from a counterparty shall be treated as an obligation to the counterparty under a derivative contract (short position) that is due on the day the determination is made; (b) collateral posted with the counterparty shall be treated as a claim on the counterparty (long position) that is due on the day the determination is made.
this version, in force 28 June 2021 02013R0575-20210629
Article 279 Calculation of the risk position For the purpose of calculating the risk category add-ons referred to in Articles 280a to 280f, institutions shall calculate the risk position of each transaction of a netting set as follows: RiskPosition = δ · AdjNot · MF where: δ the supervisory delta of the transaction calculated in accordance with the formula laid down in Article 279a; AdjNot the adjusted notional amount of the transaction calculated in accordance with Article 279b; and MF the maturity factor of the transaction calculated in accordance with the formula laid down in Article 279c.