in force 2025-01-01 MODIFIED+103 −95§
Amended by Regulation (EU) 2024/1623 32024R1623 · Regulation (EU) 2024/2987 32024R2987 · Regulation (EU) 2024/2795 32024R2795
applies from: unchanged
The cross-reference for calculating exposure value moved from Article 111(1) to Article 111(2), and the rule for a commitment extending another commitment now points to Article 111(3) instead of Article 166(9), with the referenced item described as an off-balance-sheet item rather than a commitment.
Paragraph 3 no longer bases the 10% conversion factor on low-risk off-balance-sheet items referred to in point (d) of Article 111(1), but instead derogates from Article 495d and applies that factor to off-balance-sheet items in the form of unconditionally cancellable commitments.
Cited: Art. 429f, v1 · Art. 429f, v2
text before / after
02013R0575-20240709 → 02013R0575-20250101
Article 429f
Calculation of the exposure value of off-balance-sheet items
1. Institutions shall calculate, in accordance with Article 111(1), 111(2), the exposure value of off-balance-sheet items, excluding the derivative contracts listed in Annex II, credit derivatives, securities financing transactions and the positions referred to in Article 429d.
Where a commitment refers to the extension of another commitment, off-balance-sheet item, Article 166(9) 111(3) shall apply.
2. By way of derogation from paragraph 1, institutions may reduce the credit exposure equivalent amount of an off-balance-sheet item by the corresponding amount of specific credit risk adjustments. The calculation shall be subject to a floor of zero.
3. By way of derogation from paragraph 1 of this Article, Article 495d, institutions shall apply a conversion factor of 10 % to low-risk off-balance-sheet items referred to in point (d) the form of Article 111(1). unconditionally cancellable commitments.