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🔗 Back to Summary. 🇫🇷 French Version: 2013R0153_FR.38. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 37 – General requirements ⬅️ | ➡️ Article 39 – Financial instruments
Références LVL1 <=> LVL2
Level 1 reference(s): 2012R0648_EN.46
Article 38 - Cash collateral
For the purposes of 2012, highly liquid collateral in the form of cash shall be denominated in one of the following:
(a)
a currency for which the CCP can demonstrate to the competent authorities that it is able to adequately manage the risk;
(b)
a currency in which the CCP clears transactions, in the limit of the collateral required to cover the CCP’s exposures in that currency.