Info
🔗 Back to Summary. 🇫🇷 French Version: 2017R0390_FR.7. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 6 – Capital requirements for business risk ⬅️ | ➡️ Article 8 – Capital surcharge resulting from the provision of intraday credit
Références LVL1 <=> LVL2
Level 1 reference(s): 2014R0909_EN.47
Article 7 - Capital requirements for winding-down or restructuring
A CSD shall calculate its capital requirements for winding down or restructuring by applying the following steps in sequence:
(a)
estimate the time span required for winding-down or restructuring for all of the stress scenarios referred to in the Annex consistently with the plan referred to in 2014;
(b)
divide the CSD’s annual gross operational expenses determined in accordance with Article 6(3) by twelve (‘monthly gross operational expenses’);
(c)
multiply the monthly gross operational expenses referred to in point (b) by the longer of the following points:
(i)
the time span referred to in point (a);
(ii)
six months.