F1ANNEX VIIINTERNAL RATINGS BASED APPROACH
Annotations:
Amendments (Textual)
F1PART 2PD, LGD and Maturity
F11.EXPOSURES TO CORPORATES, INSTITUTIONS AND CENTRAL GOVERNMENTS AND CENTRAL BANKS
F11.3.Maturity
F112.
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F113.Credit institutions permitted to use own LGDs and/or own conversion factors for exposures to corporates, institutions or central governments and central banks shall calculate M for each of these exposures as set out in (a) to (e) and subject to points 14 to 16. In all cases, M shall be no greater than 5 years:
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F114.Notwithstanding point 13(a), (b), (c), (d) and (e), M shall be at least one-day for:
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F115.
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F116.
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Repealed by Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (Text with EEA relevance).