Contents
- 1. A CSD-banking service provider shall determine and test th…
- 2. The CSD-banking service provider shall ensure, at least th…
- 3. The CSD-banking service provider shall have rules and proc…
- 4. Where the stress tests result in breaches to the agreed ri…
- 5. The stress testing scenarios used in the stress testing of…
- 6. The stress testing scenarios used in the stress testing of…
- 7. The scenarios used in the stress testing of liquid financi…
- 8. The CSD-banking service provider shall determine the relev…
- 9. The CSD-banking service provider shall identify and update…
8.The CSD-banking service provider shall determine the relevant currencies referred to in point (c) of Article 59(4) of Regulation (EU) No 909/2014 by applying the following steps in sequence:
(a)rank the currencies from highest to lowest based on the average of the three largest daily negative net cumulative positions, converted into euro, within a period of 12 months;
(b)consider as relevant:
(i)the most relevant Union currencies that meet the conditions specified in the Delegated Regulation (EU) 2017/392;
(ii)all remaining currencies until the corresponding aggregated amount of the average largest net negative cumulative positions measured according to (a) is equal to or exceeds 95 % for all currencies.
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