Open on EUR-Lex ↗

Article 34 - Qualifying liquid resources

Article 34
Qualifying liquid resources

A CSD-banking service provider shall mitigate corresponding liquidity risks, including intraday liquidity risks, in each currency by using any of the following qualifying liquid resources:

((a))

cash deposited at a central bank of issue;

((b))

available cash deposited at one of the creditworthy financial institutions identified in Article 38(1);

((c))

committed lines of credit or similar agreements;

((d))

assets that fulfil the requirements of Article 10 and Article 11(1) of this Regulation applicable to collateral, or financial instruments compliant with the Delegated Regulation (EU) 2017/392, that are readily available and convertible into cash with prearranged and highly reliable funding arrangements in accordance with Article 38 of this Regulation;

((e))

the collateral referred to in Article 10 and Article 11(1).

Official text · the act as published Open full page ↗
4 queries · page built in 5 msInventory f82bbfa3