Financing ensured in an equivalent manner

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.