EBA · 2022_6591 Rejected question

Scope of CCP liabilities in Article 44(2)f

Regulation
Directive 2014/59/EU (BRRD)
Article
44, para. 2
Topic
Other topics
Submitted by
Credit institution
Submitted
2022-09-26
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Question

What is included under 'CCP liabilities' in Article 44(2)f. Does this include liabilities from trade exposure as defined in art 4(1)91 of the CRR (‘trade exposure’ means a current exposure, including a variation margin due to the clearing member but not yet received, and any potential future exposure of a clearing member or a client, to a CCP arising from contracts and transactions listed in points (a), (b) and (c) of Article 301(1), as well as initial margin)? Does this include posted initial margin, or default fund contribution.

Background

We receive questions from the SRB regarding out CCP trade exposure and the bail-in status thereof.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2022_6591

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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