+Article 35 1.

Article 35 1.

Assets issued by credit institutions which benefit from a guarantee from the central government of a Member State shall qualify as level 1 assets only where the guarantee:

(a) 

was granted or committed to for a maximum amount prior to 30 June 2014;

(b) 

is a direct, explicit, irrevocable and unconditional guarantee and covers the failure to pay principal and interest when due.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards