+Financing ensured in an equivalent manner
---+12. For the purposes of Article 126a(2), point (a), of the CRR, the financing should be considered …

Financing ensured in an equivalent manner

Financing ensured in an equivalent manner

1. Overview

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12. For the purposes of Article 126a(2), point (a), of the CRR, the financing should be considered …

For the purposes of Article 126a(2), point (a), of the CRR, the financing should be considered as ensured in a manner equivalent to cash deposits subject to forfeiture where all the following conditions are met:

  • a. the purchaser or tenant paid instalments, or transferred cash to a segregated account;
  • b. the instalments or segregated cash referred to in point (a) are subject to forfeiture if the pre-sale or pre-lease contract is terminated;

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  • c. the amounts of instalments or segregated cash referred to in point (a) are substantial in accordance with the ratios referred to in paragraphs 10 and 11 of these Guidelines, for pre-sale contracts and pre-lease contracts, respectively.

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.