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+Article 162 3. |
Article 162 3.►M17 Where the documentation requires daily re-margining and daily revaluation and includes provisions that allow for the prompt liquidation or set off of collateral in the event of default or failure to remargin, M shall be the weighted average remaining maturity of the transactions and M shall be at least one day for: ◄
(a)
fully or nearly-fully collateralised derivative instruments listed in Annex II;
(b)
fully or nearly-fully collateralised margin lending transactions;
(c)
repurchase transactions, securities or commodities lending or borrowing transactions. In addition, for qualifying short-term exposures which are not part of the institution's ongoing financing of the obligor, M shall be at least one-day. Qualifying short term exposures shall include the following:
(a)
exposures to institutions or investment firms arising from the settlement of foreign exchange obligations;
(b)
self-liquidating short-term trade finance transactions and corporate purchased receivables, provided that the respective exposures have a residual maturity of up to one year;
(c)
exposures arising from settlement of securities purchases and sales within the usual delivery period or two business days;
(d)
exposures arising from cash settlements by wire transfer and settlements of electronic payment transactions and prepaid cost, including overdrafts arising from failed transactions that do not exceed a short, fixed agreed number of business days;
(e)
issued as well as confirmed letters of credit that are short term, that is, they have a maturity below one year, and are self-liquidating. 1. Übersicht
1.1 Referenzen1.2 Identifizierte Anforderungen1.3 Zugehörige Standards2. Identifizierte Anforderungen
3. Zugehörige Standards
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