Commission Delegated Regulation (EU) 2017/390Show full title

Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)

Article 34U.K.Qualifying liquid resources

A CSD-banking service provider shall mitigate corresponding liquidity risks, including intraday liquidity risks, in each currency by using any of the following qualifying liquid resources:

(a)

cash deposited at a central bank of issue;

(b)

available cash deposited at one of the creditworthy financial institutions identified in Article 38(1);

(c)

committed lines of credit or similar agreements;

(d)

assets that fulfil the requirements of Article 10 and Article 11(1) of this Regulation applicable to collateral, or financial instruments compliant with the Delegated Regulation (EU) 2017/392, that are readily available and convertible into cash with prearranged and highly reliable funding arrangements in accordance with Article 38 of this Regulation;

(e)

the collateral referred to in Article 10 and Article 11(1).