Art. 428at · 5 % required stable funding factor

Version in force 28 June 2021, Inserted +710 −0§

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)

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This new provision sets out a 5 % required stable funding factor for the undrawn portion of committed credit and liquidity facilities specified in the delegated act referred to in Article 460(1).

It also requires institutions to apply a 5 % required stable funding factor to the absolute fair value, gross of any collateral posted, of netting sets of derivative contracts that have a negative fair value, with fair value determined gross of any collateral posted or settlement payments and receipts related to market valuation changes.

Cited: Art. 428at, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 428at
5 % required stable funding factor
1. The undrawn portion of committed credit and liquidity facilities specified in the delegated act referred to in Article 460(1) shall be subject to a 5 % required stable funding factor.
2. For all netting sets of derivative contracts, institutions shall apply a 5 % required stable funding factor to the absolute fair value of those netting sets of derivative contracts, gross of any collateral posted, where those netting sets have a negative fair value. For the purposes of this paragraph, institutions shall determine the fair value as gross of any collateral posted or settlement payments and receipts related to market valuation changes of such contracts.