Consideration from residual values in the LCR calculation

Article 32(1) of Commission Delegated Regulation (EU) No. 2015/61 provides that liquidity inflows be, inter alia , contractual in nature. The sale proceeds of the residual value of a leased car upon expiry of the lease are typically not contractually fixed and therefore such proceeds, even if conservatively estimated, cannot be taken into account as a contractual inflow. Liquidity inflows therefore can only be considered when the cars are effectively sold. Furthermore, the residual values of leased cars returned to the institution may not be considered to be HQLA.   DISCLAIMER This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General Financial Stability, Financial Services and Capital Markets Union) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.