Version in force , Modified +163 −87§
Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The revised article adds a new paragraph 1 stating that the full amount of Tier 2 instruments with a residual maturity of more than five years qualifies as Tier 2 items, a statement not present before.
The former single paragraph is renumbered as paragraph 2, and its calculation basis changes from the nominal amount of the instruments or subordinated loans to the carrying amount of the instruments, with references to calendar days replaced by references to days and the reference to subordinated loans removed from point (b).
Cited: Art. 64, v2 (external, EUR-Lex) · Art. 64, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 26 April 2019 02013R0575-20190426 → this version, in force 27 June 2019 02013R0575-20190627
Article 64
Amortisation of Tier 2 instruments
1. The full amount of Tier 2 instruments with a residual maturity of more than five years shall qualify as Tier 2 items.
2. The extent to which Tier 2 instruments qualify as Tier 2 items during the final five years of maturity of the instruments is calculated by multiplying the result derived from the calculation referred to in point (a) by the amount referred to in point (b) as follows:
(a) the nominal carrying amount of the instruments or subordinated loans on the first day of the final five year five-year period of their contractual maturity divided by the number of calendar days in that period;
(b) the number of remaining calendar days of contractual maturity of the instruments or subordinated loans. instruments.