CHAPTER 2 Liquid Assets

during a non-stress period, the facility is subject to a commitment fee on the total committed amount which is at least the greater of the following:

During a stress period, the central bank may reduce the commitment fee described in the first subparagraph of this point, provided that the minimum requirements applicable to liquidity facilities under the alternative liquidity approaches in accordance with Article 19 are met;

the facility is backed by unencumbered assets of a type specified by the central bank. The assets provided as collateral shall fulfil all of the following criteria:

the facility is compatible with the counterparty policy framework of the central bank;

the commitment term of the facility exceeds the 30 calendar day stress period referred to in Article 4;

the facility is not revoked by the central bank prior to its contractual maturity and no further credit decision is taken for as long as the credit institution concerned continues to be assessed as solvent;

there is a formal policy published by the central bank stating its decision to grant restricted-use committed liquidity facilities, the conditions governing the facility and the types of credit institutions that are eligible to apply for those facilities.