AI Summary of Article 72a Eligible liabilities items
The eligible liabilities items as defined under Article 72c encompass instruments that comply with specific conditions in Article 72b, excluding any that qualify as Common Equity Tier 1, Additional Tier 1, or Tier 2 items. Additionally, Tier 2 instruments with a residual maturity of at least one year are included, provided they meet necessary criteria.
However, a range of liabilities are explicitly excluded from this classification, including covered deposits, short-term liabilities, secured liabilities, and certain obligations arising from fiduciary relationships. Notably, liabilities related to employee remuneration and trade creditors critical to operational functions also fall outside the eligible framework, ensuring clarity in compliance requirements.
Article 72a Eligible liabilities items
1. Eligible liabilities items shall consist of the following, unless they fall into any of the categories of excluded liabilities laid down in paragraph 2 of this Article, and to the extent specified in Article 72c:
(a) eligible liabilities instruments where the conditions set out in Article 72b are met, to the extent that they do not qualify as Common Equity Tier 1, Additional Tier 1 or Tier 2 items;
(b) Tier 2 instruments with a residual maturity of at least one year, to the extent that they do not qualify as Tier 2 items in accordance with Article 64.
2. The following liabilities shall be excluded from eligible liabilities items:
(a) covered deposits;
(b) sight deposits and short term deposits with an original maturity of less than one year;