Article 429f Calculation of the Exposure Value of Off-balance Sheet Items
1.
Institutions shall calculate, in accordance with Article 111(1) of the CRR, the exposure value of off-balance-sheet items, excluding derivative contracts listed in Annex II of the CRR, credit derivatives, securities financing transactions and positions referred to in Article 429d of this Chapter.
Where a commitment refers to the extension of another commitment, Article 166(9) of the CRR shall apply.
- 01/01/2022
2.
By way of derogation from paragraph 1, institutions may reduce the credit exposure equivalent amount of an off-balance-sheet item by the corresponding amount of specific credit risk adjustments. The calculation shall be subject to a floor of zero.
- 01/01/2022
3.
By way of derogation from paragraph 1 of this Article, institutions shall apply a conversion factor of 10% to low-risk off-balance-sheet items referred to in point (d) of Article 111(1) of the CRR.
- 01/01/2022