+Article 13 6

Article 13 6

6.   A SIPS operator settling one-sided payments in euro shall hold, or ensure that participants hold, additional liquid resources, in accordance with paragraph 4, point (b), in the ways referred to in paragraph 5 or with a creditworthy commercial bank in one or more of the following instruments:

(a)

committed lines of credit;

(b)

committed foreign exchange swaps;

(c)

committed repos;

(d)

assets meeting the requirements of Article 12(1), which are held by a custodian;

(e)

investments.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards