An institution shall calculate the own funds requirement to cover the exposure arising from its pre-funded contribution as follows:
where:
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Ki
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=
|
the own funds requirement;
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|
i
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=
|
the index denoting the clearing member;
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|
KCCP
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=
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the hypothetical capital of the QCCP communicated to the institution by the QCCP in accordance with Article 50c of Regulation (EU) No 648/2012;
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|
DFi
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=
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the pre-funded contribution;
|
|
DFCCP
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=
|
the pre-funded financial resources of the CCP communicated to the institution by the CCP in accordance with Article 50c of Regulation (EU) No 648/2012; and
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|
DFCM
|
=
|
the sum of pre-funded contributions of all clearing members of the QCCP communicated to the institution by the QCCP in accordance with Article 50c of Regulation (EU) No 648/2012.
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