+Articolul 275 Costul de înlocuire
---+Article 275 1.
---+Article 275 2.
---+Article 275 3.
|
Articolul 275 Costul de înlocuire
1. Prezentare generală
| Titlu |
Reglementare |
|
Article 275 1.
|
Institutions shall calculate the replacement cost RC for netting sets that are not subject to a margin agreement, in accordance with the following formula:
RC = max{CMV – NICA, 0}
|
|
Article 275 2.
|
Institutions shall calculate the replacement cost for single netting sets that are subject to a margin agreement in accordance with the following formula:
RC = max{CMV – VM – NICA, TH + MTA – NICA, 0}
where:
|
RC
|
=
|
the replacement cost;
|
|
VM
|
=
|
the volatility-adjusted value of the net variation margin received or posted, as applicable, to the netting set on a regular basis to mitigate changes in the netting set's CMV;
|
|
TH
|
=
|
the margin threshold applicable to the netting set under the margin agreement below which the institution cannot call for collateral; and
|
|
MTA
|
=
|
the minimum transfer amount applicable to the netting set under the margin agreement.
|
|
|
Article 275 3.
|
Institutions shall calculate the replacement cost for multiple netting sets that are subject to the same margin agreement in accordance with the following formula:
where:
|
RC
|
=
|
the replacement cost;
|
|
i
|
=
|
the index that denotes the netting sets that are subject to the single margin agreement;
|
|
CMVi
|
=
|
the CMV of netting set i;
|
|
VMMA
|
=
|
the sum of the volatility-adjusted value of collateral received or posted, as applicable, to multiple netting sets on a regular basis to mitigate changes in their CMV; and
|
|
NICAMA
|
=
|
the sum of the volatility-adjusted value of collateral received or posted, as applicable, to multiple netting sets other than VMMA.
|
For the purposes of the first subparagraph, NICAMA may be calculated at trade level, at netting set level or at the level of all the netting sets to which the margin agreement applies depending on the level at which the margin agreement applies.
|
,
1.1 Referințe
1.2 Cerințe identificate
1.3 Standarde asociate
2. Cerințe identificate
3. Standarde asociate
- Builddate: 01.01.2027 00:00:00 -Doknr: CELEX:32013R0575
- EULAW -
EN: Legal acts of the European Union from EUR-Lex, https://eur-lex.europa.eu/. © European Union. Re-use is authorised by Decision 2011/833/EU, provided the source is acknowledged; the consolidated texts are licensed under CC BY 4.0 (EUR-Lex legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the legislation published in the Official Journal of the European Union is deemed authentic.
DE: Rechtsakte der Europäischen Union aus EUR-Lex, https://eur-lex.europa.eu/. © Europäische Union. Weiterverwendung nach Beschluss 2011/833/EU mit Quellenangabe gestattet; die konsolidierten Fassungen stehen unter CC BY 4.0 (Rechtlicher Hinweis von EUR-Lex). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Verbindlich sind allein die im Amtsblatt der Europäischen Union veröffentlichten Rechtsakte.
|