Additional liquidity outflows corresponding to collateral needs resulting from the impact of an adverse market scenario.

Pursuant to Article 423(3) of Regulation (EU) No 575/2013, institutions are to add an additional outflow corresponding to collateral needs that would result from the impact of an adverse market scenario on the institution's derivatives transactions if material.  Should this be extended to include financing transactions if an outflow corresponding to collateral needs from the impact of an adverse market scenario is deemed material by an institution?

Article 23, Paragraph 3 of the Delegated Regulation (EU) 2015/61 states that “The credit institution shall add an additional outflow corresponding to collateral needs that would result from the impact of an adverse market scenario on the credit institution's derivatives transactions if material. This calculation shall be made in accordance with Commission Delegated Regulation (EU) 2017/208”. Commission Delegated Regulation (EU) 2017/208 states that “Given considerations of materiality, there is an urgency to specify an additional outflow corresponding to collateral needs that would result from the impact of an adverse market scenario on the institution's derivatives transactions while the materiality of collateral needs that would result from the impact of an adverse market scenario on the institution's financing transactions and other contracts will be considered in a next step”.  Should institutions reflect an additional outflow corresponding to collateral needs that would result from the impact of an adverse market scenario on the institution's financing transactions if deemed material (in accordance with the materiality threshold outlined in Article 1 of Commission Delegated Regulation (EU) 2017/208)?