Art. 132c
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
Treatment of off-balance-sheet exposures to CIUs
6 changes recorded across 6 events, newest first.
in force 2025-01-01 MODIFIED+93 −23§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
In paragraph 2, the description of the discount factor used to calculate the exposure value of a minimum value commitment was changed from a default risk-free discount factor to a discount factor derived from a risk-free rate pursuant to Article 325l(2) or (3), as applicable.
Cited: Art. 132c, v1 · Art. 132c, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 132c
Treatment of off-balance-sheet exposures to CIUs
1. Institutions shall calculate the risk-weighted exposure amount for their off-balance-sheet items with the potential to be converted into exposures in the form of units or shares in a CIU by multiplying the exposure values of those exposures calculated in accordance with Article 111, with the following risk weight:
(a) for all exposures for which institutions use one of the approaches set out in Article 132a:
RW*iRWAEiE*iAiEQi
where:
RW*i
the risk weight;
i
the index denoting the CIU:
RWAEi
the amount calculated in accordance with Article 132a for a CIUi;
E*i
the exposure value of the exposures of CIUi;
Ai
the accounting value of assets of CIUi; and
EQi
the accounting value of the equity of CIUi.
(b) for all other exposures, RW*i1250 %.
2. Institutions shall calculate the exposure value of a minimum value commitment that meets the conditions set out in paragraph 3 of this Article as the discounted present value of the guaranteed amount using a default discount factor that is derived from a risk-free discount factor. rate pursuant to Article 325l(2) or (3), as applicable. Institutions may reduce the exposure value of the minimum value commitment by any losses recognised with respect to the minimum value commitment under the applicable accounting standard.
Institutions shall calculate the risk-weighted exposure amount for off-balance-sheet exposures arising from minimum value … 321 unchanged words … limit the potential for a further reduction of the excess in other ways;
(e) the ultimate direct or indirect beneficiary of the minimum value commitment is typically a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU.;
in force 2024-07-09 MODIFIED§
Amended by Regulation (EU) 2024/1623 32024R1623
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2023-06-28 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
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in force 2021-06-28 INSERTED§
Amended by Regulation (EU) 2019/2033 32019R2033 · Regulation (EU) 2019/876 32019R0876 · Regulation (EU) 2021/558 32021R0558 · Regulation (EU) 2020/873 32020R0873
applies from: unknown (an inserted provision states its own application date only in prose)
This is an entirely new provision setting out how institutions calculate the risk-weighted exposure amount for off-balance-sheet items that could convert into exposures in units or shares of a CIU, including a specific formula for exposures under the approaches of Article 132a and a flat 1250% risk weight for other exposures.
It also introduces rules for calculating the exposure value and risk-weighted exposure amount of minimum value commitments, using a discounted present value of the guaranteed amount and a 20% conversion factor combined with the risk weight under Article 132 or 152, subject to the conditions listed in paragraph 3.
Paragraph 3 sets out the five cumulative conditions that must be met for a minimum value commitment to be treated under this new calculation method, covering the nature of the commitment, the type of CIU involved, market value coverage of the threshold, ability to influence the underlying exposures, and the typical retail nature of the ultimate beneficiary.
Cited: Art. 132c, v2
text before / after, on the event page →
in force 2020-12-28 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →
in force 2019-06-27 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
text before / after, on the event page →