+Article 7 2b.

Article 7 2b.

Where liquid assets that are held in the cover pool liquidity buffer are not deemed to be unencumbered pursuant to paragraph 2a of this Article, they shall nonetheless be deemed to be unencumbered during the 30 calendar day stress period, laid down in Article 4, where all of the following conditions are met:

(a) 

the covered bond issuer is, by provisions of national law, required to have all its assets attached to covered bonds issuances;

(b) 

the liquid assets are attached as non-mandatory overcollateralisation to a covered bond issuance;

(c) 

the liquid assets meet all other requirements laid down in Title II of this Regulation;

(d) 

the amount of liquid assets deemed to be unencumbered under this paragraph does not exceed the total amount of net liquidity outflows, as calculated under Title III of this Regulation.

1. Visão geral

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1.1 Referências

1.2 Requisitos identificados

1.3 Normas relacionadas

2. Requisitos identificados

Requisitos

3. Normas relacionadas

Normas