Article 3 · Commission Delegated Regulation (EU) 2023/1651

Contents

(a) the availability of existing funding sources and the acces…
(b) whether such funding sources are secured or unsecured;
(c) the currency of such funding sources;
(d) the amount of unencumbered assets that would be available…
(e) the different maturities of such funding sources according…
(f) the risk of disruption to the investment firm’s daily cash…
(g) other committed but undrawn funding sources provided to th…

Article 3Assessment of liquidity risk stemming from funding#

When assessing the availability and quality of the funding sources of an investment firm, competent authorities shall consider all of the following:

(a)the availability of existing funding sources and the access to pre-arranged emergency funding sources;

(b)whether such funding sources are secured or unsecured;

(c)the currency of such funding sources;

(d)the amount of unencumbered assets that would be available to obtain secured funding;

(e)the different maturities of such funding sources according to their closest maturity date and the earliest date that they can contractually be called upon;

(f)the risk of disruption to the investment firm’s daily cash flows caused by an interruption in the investment firm’s credit facilities;

(g)other committed but undrawn funding sources provided to the investment firm.