Open on EUR-Lex ↗

Recital 11

Recital 11

(11)It is necessary to mitigate the impact of the additional pre-funded dedicated own resources on CCPs. CCPs’ investment possibilities for the maintenance of additional pre-funded dedicated own resources should therefore be partially aligned with the list of assets eligible as collateral accepted by CCPs from clearing members. That approach would still guarantee that CCPs have the appropriate framework and procedures to manage the risks associated with those assets and their liquidation in times of stress. However, some assets which are eligible as collateral should remain excluded from the list of eligible investments as they cannot be considered to be sufficiently liquid, or would expose the CCP’s own resources to excessive credit and market risk, and therefore cannot be deemed suitable for a CCP’s investment.

Official text · the act as publishedFrom the act as published (consolidated texts do not carry recitals or the preamble). Open full page ↗
7 queries · page built in 3 msInventory f82bbfa3