10. Guiding rule 1 : When applying the bail-in tool or the writedown and conversion power at PONV …

Guiding rule 1 : When applying the bail-in tool or the writedown and conversion power at PONV the resolution authority should treat capital instruments which belong to the same category of the sequence established by Article 48 or Article 60 of the BRRD and which rank equally in insolvency in the same way, whatever their other characteristics or untriggered contractual terms governing writedown and conversion. In particular they should be written down to the same extent or subject to the same terms of conversion. If a contractual trigger event which would result in writedown or conversion of an instrument occurs before or at the same time as the application of either power, the assessment of the creditor hierarchy should reflect the effects of that writedown or conversion.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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