EBA · 2023_6857 Rejected question

Treatment of early repayment of the targeted longer-term refinancing operations (TLTROs)

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
422, para. 2
Topic
Liquidity risk
Submitted by
Credit institution
Submitted
2023-08-04
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Question

Should a 0% outflow rate be applied to the cash outflow from the early repayment of the TLTRO facility by a bank, which will occur within 30 days?

Background

Article 23, Paragraph 3 of the Delegated Regulation (EU) 2015/61 states that “By way of derogation from the first subparagraph, where the counterparty to the securities financing transactions or capital market-driven transaction is the domestic central bank of the credit institution, the outflow rate shall be 0 %”. Does this continue to apply to the early repayment of the TLTRO facility by a bank, where the repayment has been notified to the domestic Central Bank, and a cash outflow will occur within 30 days?
No answer published yet.

Original source: European Banking Authority, Q&A ID 2023_6857

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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