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🔗 Back to Summary. 🇫🇷 French Version: 2013R0153_FR.35. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 34 – Concentration risk ⬅️ | ➡️ Article 36 – Maintenance of the amount of the CCP’s own resources to be used in the default waterfall
Références LVL1 <=> LVL2
Level 1 reference(s): 2012R0648_EN.45
Article 35 - Calculation of the amount of the CCP’s own resources to be used in the default waterfall
1.
A CCP shall keep, and indicate separately in its balance sheet, an amount of dedicated own resources for the purpose set out in 2012.
2.
A CCP shall calculate the minimum amount referred to in paragraph 1by multiplying the minimum capital, including retained earnings and reserves, held in accordance with 2012 and Commission Delegated Regulation (EU) No 152/2013 by 25 %. The CCP shall revise that minimum amount on a yearly basis.
3.
Where the CCP has established more than one default fund for the different classes of financial instruments it clears, the total dedicated own resources calculated under paragraph 1 shall be allocated to each of the default funds in proportion to the size of each default fund, to be separately indicated in its balance sheet and used for defaults arising in the different market segments to which the default funds refer to.
4.
No resources other than capital, including retained earnings and reserves, as referred to in 2012 shall be used to comply with the requirement under paragraph 1.