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+Article 197 4. |
Article 197 4.An institution may use debt securities that are issued by other institutions or investment firms and that do not have a credit assessment by an ECAI as eligible collateral where those debt securities fulfil all the following criteria:
(a)
they are listed on a recognised exchange;
(b)
they qualify as senior debt;
(c)
all other rated issues by the issuing institution of the same seniority have a credit assessment by an ECAI which has been determined by EBA to be associated with credit quality step 3 or above under the rules for the risk weighting of exposures to institutions or short term exposures under Chapter 2;
(d)
the lending institution has no information to suggest that the issue would justify a credit assessment below that indicated in point (c);
(e)
the market liquidity of the instrument is sufficient for these purposes. 1. Prezentare generală
1.1 Referințe1.2 Cerințe identificate1.3 Standarde asociate2. Cerințe identificate
3. Standarde asociate
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