17. Where the DGS has an outstanding liability, and taking into account the minimum requirement …

Where the DGS has an outstanding liability, and taking into account the minimum requirement under paragraph 16, the DGS should set the periodic target level in order to raise enough contributions in a forward-looking manner so that the resulting levels of qualified available financial means (QAFM) and other available financial means (other AFM) are sufficient for servicing the outstanding liabilities as soon as these liabilities are due, as well as for reaching the target level at the deadline, set out in Article 10(2) of the DGSD. When setting the periodic target level, the DGS should ensure both of the following:

• a. that the foreseeable servicing of the liability does not lead to undershooting vis-à-vis the funding path of QAFM that follows from the application of paragraph 16; and
• b. that by the time the target level has to be reached again in accordance with Article 10(2) of the DGSD, the foreseeable servicing of the liability does not, on its own, reduce the DGS’s QAFM below the target level.

1. Overview

1.1 References

• Article 10 2.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

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