EBA · 2021_6085 Final Q&A

ASF applicable to payables (accruals) in the NSFR

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
428j, 428k, 428l, 428o
Topic
Liquidity risk
Submitted by
Competent authority
Submitted
2021-07-13
Answered
2022-09-30
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

What should be the available stable funding factor applicable to payables (accruals)?

Background

Accounts payable (AP) is an account on the liability side of the institutions’ balance sheets that represents obligations to pay off  (usually) short-term debt to its suppliers. While some debts to suppliers have a fixed calendar window to pay off the amount due, others may set only a maximum calendar days/months to be paid.

Answer

If the short-term obligation has a stated maturity, the institution should apply Articles 428k and 428l from Regulation (EU) 575/2013 as amended (CRR), based on the counterparty and the maturity. In this specific case, which refers to liability to suppliers (i.e., non-banking activity), paragraph 3, points (d) and (d) of the cited provisions respectively apply. If the obligation has no stated maturity, a 0% ASF factor applies, conform to Article 428k(1) CRR.

Original source: European Banking Authority, Q&A ID 2021_6085

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.

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