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Article 21 - Monitoring intraday credit exposures

Comparing 10/03/2017 → 30/03/2017: 0 added, 0 removed, 11 changed Close comparison

For the purposes of monitoring intraday credit risk, a CSD- banking service provider shall, in particular:

((a))(a) monitor on an ongoing basis, through an automatic reporting system, the intraday credit exposures arising from the banking-type ancillary services referred to in Section C of the Annex to Regulation (EU) No 909/2014;

((b))(b) maintain, for a period of at least 10 years, a record of the daily intraday peak and average intraday credit exposures arising from banking-type ancillary services referred to in Section C of the Annex to Regulation (EU) No 909/2014;

((c))(c) record the intraday credit exposures stemming from each entity on which intraday credit exposures are incurred, including the following:

((i))(i) issuers;

((ii))(ii) participants to the securities settlement system operated by a CSD, at entity and group levels;

((iii))(iii) CSDs with interoperable links;

((iv))(iv) banks and other financial institutions used to make or receive payments;

((d))(d) fully describe how the credit risk management framework takes into account the interdependencies and the multiple relationships that a CSD-banking service provider may have with each of the entities referred to in point (c);

((e))(e) specify, for each counterparty, how the CSD-banking service provider monitors the concentration of its intraday credit exposures, including its exposures to the entities of the groups comprising the entities listed in point (c);

((f))(f) specify how the CSD-banking service provider assesses the adequacy of the haircuts applied to the collateral collected;

((g))(g) specify how the CSD-banking service provider monitors the collateral coverage of the credit exposures and the coverage of credit exposures with other equivalent financial resources.

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