CRR › Article 309
Article 309 Own funds requirements for pre-funded contributions to the default fund of a non-qualifying CCP and for unfunded contributions to a non-qualifying CCP
official text, verbatim
1
An institution shall apply the following formula to calculate the own funds requirement for the exposures arising from its pre-funded contributions to the default fund of a non-qualifying CCP and from unfunded contributions to such CCP:
K = DF + UC
where:
| K | = | the own funds requirement; |
| DF | = | the pre-funded contributions to the default fund of a non-qualifying CCP; and |
| UC | = | the unfunded contributions to the default fund of a non-qualifying CCP. |
2
An institution shall calculate the risk-weighted exposure amounts for exposures arising from that institution's contribution to the default fund of a non-qualifying CCP for the purposes of Article 92(3) as the own funds requirement, calculated in accordance with paragraph 1 of this Article, multiplied by 12,5.”;