+Article 15 3.

Article 15 3.

The liabilities referred to in paragraph 2 shall include:

(a) 

the obligations for the payment of the principal amount of outstanding covered bonds;

(b) 

the obligations for the payment of any interest on outstanding covered bonds;

(c) 

the payment obligations attached to derivative contracts held in accordance with Article 11; and

(d) 

the expected costs related to maintenance and administration for the winding-down of the covered bond programme.

For the purposes of point (d) of the first subparagraph, Member States may allow a lump sum calculation.

1. Ħarsa ġenerali

,

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards