EBA · 2014_1103 Final Q&A

What day count convention is to be used in Regulation (EU) No 575/2013 (CRR) Art.116 (3)

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
116, para. (3)
Topic
Credit risk
Submitted by
Other
Submitted
2014-04-24
Answered
2014-10-03
Answer provided by
ESAs (EBA, ESMA, EIOPA)
Browse ECB SSM Register → More Q&As on this regulation →

Question

What day count convention is to be used in Regulation (EU) No 575/2013 (CRR) Article 116 (3) ?

Background

There are some different day count conventions discribing a 'three month runtime', What exact convention is to use in the sense of Regulation (EU) No 575/2013 (CRR) Article 116 (3) ?

Answer

In the absence of Regulation (EU) No 575/2013 (CRR) prescribing any day count convention, the actual exact number of days should be used when an institution needs to convert into days a specific number of weeks, months or years referenced in the CRR. For the purpose of Article 116(3) CRR, "three months or less" means within three calendar months, or, if converted into days, within the exact number of days of these three calendar months. By way of example, a loan granted on 1 January must have an original maturity date on or before 31 March of the same year in order to qualify for the 20% risk weight. Similarly, a loan granted on 25 August must have an original maturity date on or before 24 November of the same year in order to qualify for the 20% risk weight.

Original source: European Banking Authority, Q&A ID 2014_1103

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Applicability of the transitional period under Article 124(3) of Regulation (EU) No. 575/2013

Answered 2014-01-31

Scaling of gross JTD amounts of securitisation tranches with a maturity less than one year

Answered 2025-04-11

How should IRB-institutions exclude exposures according to art 140.4?

Answered 2014-03-21

LCR outflow to report for shorts under Article 423(4) of Regulation (EU) No. 575/2013 (CRR)

Answered 2014-02-21

Conversion of the total amount owed to institution from national currency to EUR

Answered 2014-05-28

More Q&As on this topic

Application of the currency mismatch treatment to self-employed individuals (natural persons carrying out an economic activity) under Article 123a CRR.

Answered 2026-07-31

Requirements for the purpose of treating exposures secured by mortgages on immovable property as duly secured from an RWA computation perspective under CRR Article 124(2) of the CRR.

Answered 2026-05-08

Use of credit assessments by ECAIs not in scope of Regulation (EC) No 1060/2009.

Answered 2026-03-13

US Hard test: adequacy of considering US charge-off rates corresponding to loss rates for exposures secured by residential property or commercial immovable property situated within the territory of the US

Answered 2026-02-27

Application of the SME definition in specific cases

Answered 2025-11-28

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.