Start of Probation Period

For the purposes of Art. 17 par. 157 (b) of the draft ITS on Supervisory reporting regarding exit criteria of non-performing exposures with forbearance measures, the one year cure period starts running since the date when the forbearance measures were extended. For the sake of completeness, it should be pointed out that according to Art. 17 par. 176, a minimum 2 year probation period starting as soon as the exposure is considered as "performing", is required in order to exit from the forborne category. Therefore non performing forborne exposures shall stay in the forborne exposure category for at least 3 years (1 year at least in the non-performing forborne exposure category for the cure period stated by Art. 17 par. 157 (b) and 2 years at least in the performing forborne exposure category for the probation period required by Art. 17 par. 176).