+Article 325w 3.

Article 325w 3.

For the purposes of the calculation set out in paragraphs 1 and 2, the LGD for debt instruments to be applied by institutions shall be the following:

(a) 

exposures to non-senior debt instruments shall be assigned an LGD of 100 %;

(b) 

exposures to senior debt instruments shall be assigned an LGD of 75 %;

(c) 

exposures to covered bonds, as referred to in Article 129, shall be assigned an LGD of 25 %.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards