+Article 429b 3.

Article 429b 3.

By way of derogation from paragraph 2 of this Article, a cash pooling arrangement that does not meet the condition set out in point (b) of that paragraph, but meets the condition set out in point (a) of that paragraph, does not violate the condition set out in point (b) of Article 429(7), provided that the arrangement meets all the following conditions:

(a) 

the institution has a legally enforceable right to set off the balances of the original accounts through the transfer into a single account at any point in time;

(b) 

there are no maturity mismatches between the balances of the original accounts;

(c) 

the institution charges or pays interest based on the combined balance of the original accounts;

(d) 

the competent authority of the institution considers that the frequency by which the balances of all original accounts are transferred is adequate for the purpose of including only the combined balance of the cash pooling arrangement in the total exposure measure.

1. Übersicht

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1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards