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Retour au sommaire ⬅️ | ➡️ Article 2 – Determination of the percentage level of the additional amount of the CCP’s pre-funded dedicated own resources
Article 1 - Calculation and allocation of the additional amount of the CCP’s pre-funded dedicated own resources
1.
CCPs shall calculate the additional amount of pre-funded dedicated own resources referred to in 2021 by multiplying the risk-based capital requirements calculated in accordance with 2012 and Commission Delegated Regulation (EU) No 152/2013
with the percentage level ‘P’ of the additional amount of the CCPs’ pre-funded dedicated own resources determined in accordance with Article 2.
2.
CCPs shall review the determination of the percentage level and the additional amount of pre-funded dedicated own resources calculated in accordance with paragraph 1 following every material change to their risk-based capital requirements calculated in accordance with 2012, and at least once a year.
3.
CCPs that decide to voluntarily apply the maximum 25 % percentage to calculate the additional amount of pre-funded dedicated own resources referred to in 2021 shall not be required to determine the percentage level referred to in Article 2 of this Regulation.
4.
CCPs that have established more than one default fund for the different classes of financial instruments they clear, shall allocate the additional amount of pre-funded dedicated own resources calculated in accordance with paragraph 1 to each of the default funds in proportion to the size of each default fund. CCPs shall indicate the allocation separately in their balance sheets. CCPs shall use the additional amounts allocated to a default fund for defaults arising in the market segments to which the default fund refers. In the case of a non-default event, CCPs shall allocate the full amount of the additional amount of pre-funded dedicated own resources calculated in accordance with paragraph 1 against the losses incurred as a result of the non-default event.