49. When assessing whether the expression ‘deposits’ is met, competent authorities should focus …

When assessing whether the expression ‘deposits’ is met, competent authorities should focus their attention at least on ensuring that they are:

• a. a sum of fiat currency in whatever form (such as coins, notes, scriptural money, etc.);
• b. repayable on demand or at a contractually agreed point in time and with or without interest or a premium;
• c. received from third parties (legal or natural persons);
• d. received in the course of carrying on the activity by way of business.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/