7
Management of Collateral
7.1
A firm must actively manage collateral positions.
- 01/10/2015
7.2
A firm must distinguish between pledged and unencumbered assets that are available at all times, in particular during emergency situations. A firm must also take into account the legal entity in which assets reside, the country where assets are legally recorded either in a register or in an account as well as their eligibility and must monitor how assets can be mobilised in a timely manner.
[Note: Art. 86(5) of the CRD]
- 01/10/2015