Article 1, Point (c) · Commission Delegated Regulation (EU) 2023/451

Contents

(a) whether there are any inconsistencies between the CCP’s ca…
(b) whether the recovery plan duly accounts for the additional…
(c) whether, considering the types of products cleared, the me…
(d) whether the measures in the recovery plan are duly tested…
(e) whether the measures in the recovery plan and the tools re…
(f) whether the recovery plan sets out arrangements to address…
(g) whether the measures in the recovery plan take into accoun…
(h) whether the recovery plan envisages to use standing centra…

(c)whether, considering the types of products cleared, the measures in the recovery plan are well designed, feasible, credible and suitable for the CCP to:

(i)restore the CCP’s matched book and capital;

(ii)replenish pre-funded resources;

(iii)maintain access to sufficient sources of liquidity;

(iv)maintain or restore the financial viability and soundness of the CCP by undertaking certain recovery tools or measures, including loss allocation tools such as recovery cash calls, reduction in value of gains payable by the CCP to non-defaulting clearing members, position allocation and other liquidity actions;