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New version applies from 14/05/2024. 25 provisions change. Later versions: 17/07/2025. Article 7 changes in this version: compare with the current text.

Article 7 - Floating rate instruments

Article 7
Floating rate instruments

Institutions shall allocate the notional repricing cash flows deriving from non-trading book positions in floating rate instruments to the relevant repricing time buckets referred to in point 1 of the Annex by repricing date, as follows:

(a)

cash flows deriving from interest payments other than payments of the spread component up to the next repricing date, as per the contractual agreement;

(b)

the remaining principal amount, as per the contractual agreement;

(c)

spread components up to the final contractual maturity, irrespective of any repricing of the non-amortised principal, except where those spread components are excluded in accordance with Article 5(2), second subparagraph.

Official text · consolidated version 24/04/2024 (no longer in force) Open full page ↗
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