Art. 428v · 10 % required stable funding factor

Version in force 28 June 2021, Inserted +593 −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 provision is new, adding Article 428v, which lists three categories of assets and off-balance-sheet items that are assigned a 10% required stable funding factor.

The categories cover monies due from transactions with financial customers of less than six months' residual maturity (excluding certain items referenced elsewhere), trade finance on-balance-sheet related products of less than six months' residual maturity, and trade finance off-balance-sheet related products under Annex I with a residual maturity of one year or more.

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

v1 is the previous version, v2 this one.

Article 428v
10 % required stable funding factor
The following assets and off-balance-sheet items shall be subject to a 10 % required stable funding factor:
(a) monies due from transactions with financial customers that have a residual maturity of less than six months other than those referred to in point (g) of Article 428r(1) and in point (b) of Article 428s(1);
(b) trade finance on-balance-sheet related products with a residual maturity of less than six months;
(c) trade finance off-balance-sheet related products as referred to in Annex I with a residual maturity of one year or more.