Article 429f Calculation of the exposure value of off-balance-sheet items

1. Overview

Summary	Regulation
Article 429f 1.	Institutions shall calculate, in accordance with Article 111(2), the exposure value of off-balance-sheet items, excluding the derivative contracts listed in Annex II, credit derivatives, securities financing transactions and the positions referred to in Article 429d. Where a commitment refers to the extension of another off-balance-sheet item, Article 111(3) shall apply.
Article 429f 2.	By way of derogation from paragraph 1, institutions may reduce the credit exposure equivalent amount of an off-balance-sheet item by the corresponding amount of specific credit risk adjustments. The calculation shall be subject to a floor of zero.
Article 429f 3.	By way of derogation from Article 495d, institutions shall apply a conversion factor of 10 % to off-balance-sheet items in the form of unconditionally cancellable commitments.

Requirements
Source	Requirement

Standards
Source	Requirement