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+Article 36 12. |
Article 36 12.Where use of mark-to-market as referred to in paragraph 11 of this Article is not possible or the market data is not of sufficiently good quality, the reserve asset shall be valued conservatively by using mark-to-model, as defined in Article 2, point (9), of Regulation (EU) 2017/1131. The model shall accurately estimate the intrinsic value of the reserve asset, based on all of the following up-to-date key factors:
(a)
the volume and turnover in the market of that reserve asset;
(b)
the size of the reserve of assets;
(c)
the market risk, interest rate risk and credit risk attached to the reserve asset. When using mark-to-model, the amortised cost method, as defined in Article 2, point (10), of Regulation (EU) 2017/1131, shall not be used. 1. Prezentare generală
1.1 Referințe1.2 Cerințe identificate1.3 Standarde asociate2. Cerințe identificate
3. Standarde asociate
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