+Guidelines on payment commitments (EBA/GL/2015/09)
---+3. EBA Guidelines on payment commitments under Directive 2014/49/EU on deposit guarantee schemes
------+Status of these guidelines
------+Reporting Requirements
------+Title I - Subject matter, scope and definitions
---------+1. Article 10(3), subparagraph 2, of Directive 2014/49/EU of the European Parliament and of the …
---------+2. These guidelines are addressed to: a) DGSs and designated authorities, as defined in point (1) …
---------+3. If the operation of the DGS is administered by a private entity, designated authorities should …
---------+4. Resolution authorities should inform designated authorities that when exercising their powers in …
---------+5. For the purpose of these guidelines the following definitions apply: i. ‘payment commitments’ …
------+Title II - Guidance on Payment Commitments
------+Part 1 – General considerations
---------+6. Directive 2014/49/EU aims to ‘harmonise the methods of financing of DGSs’ , via a mix of ex-ante …
---------+7. Pursuant to Article 10(3) of Directive 2014/49/EU, the available financial means to be taken …
---------+8. This provision implies an obligation for Member States to provide the designated authorities or …
---------+9. Designated authorities should verify that Payment Commitment Arrangements and Financial …
------+Part 2 – The Payment Commitment Arrangement
---------+10. The admissibility of payment commitments should be conditional upon the conclusion of …
---------+11. The Payment Commitment Arrangement should at least include the following elements: a) the …
---------+12. These guidelines are without prejudice to the possibility that, in accordance with national …
------+Part 3 – The Financial Collateral Arrangement
---------+13. In order to safeguard the DGS’s creditor position, a Financial Collateral Arrangement should …
------+Part 4 – Delivery of the collateral by the collateral provider to the DGS
---------+14. Under the financial collateral arrangement, the DGS should ensure that the credit institution …
---------+15. Such delivery by the credit institution to the DGS should be fulfilled by means of crediting …
------+Part 5 – Criteria to verify that the collateral is unencumbered by any third-party rights
---------+16. Point (13) of Article 2(1) of Directive 2014/49/EU provides that the collateral must be …
---------+17. The assets provided under a financial collateral arrangement must be legally realisable without …
---------+18. For that purpose, the financial collateral arrangement should provide that credit institutions …
------+Part 6 – Criteria for eligibility and management of collateral
---------+19. Pursuant to Directive 2014/49/EU, DGSs should only accept low-risk assets as collateral to …
---------+20. DGSs or designated authorities should also provide exposure limits, ensuring that for each …
---------+21. DGSs should limit their exposure to debt, whether public or private, the value of which is …
---------+22. In addition, DGSs and designated authorities should address in an adequate manner the …
---------+23. The management of collateral may be performed by the DGS itself, or by a third party as part of …
------+Part 7 – Haircut
---------+24. DGSs or designated authorities should always apply a haircut to the value of the low-risk …
---------+25. DGSs or designated authorities should ensure that the haircut reflects the credit, market and …
---------+26. The application of haircuts should also be based on a quantification of expected losses and the …
---------+27. While a variety of haircutting schedules and methodologies are possible, the haircut schedule …
---------+28. DGSs or designated authorities should ensure that the value of the low-risk assets is …
---------+29. Furthermore, the haircut-adjusted market value of the low-risk assets provided as collateral …
---------+30. In any event, DGSs or designated authorities are not precluded from imposing on member …
------+Part 8 – Prudential Treatment
---------+31. The prudential treatment of payment commitments should aim to ensure there is a level playing …
---------+32. Where the accounting treatment results in the payment commitment being fully reflected on the …
---------+33. Where, in contrast, the accounting treatment results in the payment commitment and the …
------+Title III- Final Provisions and Implementation
------+Date of application
---------+34. DGSs and designated authorities should implement these guidelines by incorporating them in …
 English - European Union - Financial Industry -

Guidelines on payment commitments (EBA/GL/2015/09)

Guidelines on payment commitments (EBA/GL/2015/09)

https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/depositor-protection/guidelines-payment-commitments – PDF

1. Overview

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3. EBA Guidelines on payment commitments under Directive 2014/49/EU on deposit guarantee schemes

3. EBA Guidelines on payment commitments under Directive 2014/49/EU on deposit guarantee schemes

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA -

    EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

    DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.