+Artikolu 3 Sorsi tad-dejta tas-suq
---+Article 3 1.
---+Article 3 2.
---+Article 3 3.

Artikolu 3 Sorsi tad-dejta tas-suq

Artikolu 3

Sorsi tad-dejta tas-suq

1.  Meta l-istituzzjonijiet jikkalkulaw l-AVA bbażati fuq informazzjoni tas-suq, huma jikkunsidraw l-istess firxa ta' dejta tas-suq bħad-dejta użata fl-istess proċess tal-verifika indipendenti tal-prezzijiet (“VIP”) imsemmija fl-Artikolu 105(8) tar-Regolament (UE) Nru 575/2013, skont kif ikun rilevanti, soġġett għall-aġġustamenti deskritti f'dan l-Artikolu.

2.  L-istituzzjonijiet jikkunsidraw firxa sħiħa ta' sorsi ta' dejta tas-suq disponibbli u kredibbli sabiex jiġi ddeterminat il-valur prudenti inkluż kull waħda minn dawn li ġejjin, fejn rilevanti:

(a) 

skambju ta' prezzijiet f'suq likwidu;

(b) 

kummerċ fi strumenti eżatt l-istess jew simili ħafna, jew minn rekords tal-istituzzjoni stess jew, fejn disponibbli, negozji mis-suq;

(c) 

kwoti negozjabbli minn brokers u parteċipanti oħra fis-suq;

(d) 

kunsens tad-dejta tas-servizzi;

(e) 

kwotazzjonijiet tal-brokers indikattivi;

(f) 

valutazzjonijiet kollaterali tal-kontroparti.

3.  Għal każijiet fejn jiġi applikat approċċ ibbażat fuq kompetenza għall-fini tal-Artikoli 9, 10 u 11, il-metodi alternattivi u sorsi ta' informazzjoni jiġu kkunsidrati, inkluż kull wieħed minn dawn li ġejjin, fejn rilevanti:

(a) 

l-użu ta' dejta proxy bbażata fuq strumenti simili li għalihom hemm biżżejjed dejta disponibbli;

(b) 

l-applikazzjoni ta' bidliet prudenti għal inputs ta' valutazzjoni;

(c) 

l-identifikazzjoni ta' limiti naturali għall-valur ta' strument.

1. Ħarsa ġenerali

,
Article 3 1.
Where institutions calculate AVAs based on market data, they shall consider the same range of market data as the data used in the independent price verification (‘IPV’) process referred to in Article 105(8) of Regulation (EU) No 575/2013, as relevant, subject to the adjustments described in this Article.
Article 3 2.

Institutions shall consider a full range of available and reliable market data sources to determine a prudent value including each of the following, where relevant:

(a) 

exchange prices in a liquid market;

(b) 

trades in the exact same or very similar instrument, either from the institution's own records or, where available, trades from across the market;

(c) 

tradable quotes from brokers and other market participants;

(d) 

consensus service data;

(e) 

indicative broker quotes;

(f) 

counterparty collateral valuations.
Article 3 3.

For cases where an expert-based approach is applied for the purpose of Articles 9, 10 and 11, alternative methods and sources of information shall be considered. including each of the following, where relevant:

(a) 

the use of proxy data based on similar instruments for which sufficient data is available;

(b) 

the application of prudent shifts to valuation inputs;

(c) 

the identification of natural bounds to the value of an instrument.

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards
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