AI Summary of Article 428ad 50 % required stable funding factor
The specified assets are mandated to adhere to a 50% required stable funding factor. This includes unencumbered assets classified as level 2B, operational deposits in other financial institutions, and various receivables with residual maturities under one year from entities such as central governments and SMEs.
Furthermore, assets with residual maturities between six months and one year, including trade finance products and certain encumbered assets, fall under this requirement. Any asset not specified elsewhere must also comply unless stated otherwise in the relevant Articles.
Article 428ad 50 % required stable funding factor
The following assets shall be subject to a 50 % required stable funding factor:
(a) unencumbered assets that are eligible as level 2B assets pursuant to the delegated act referred to in Article 460(1), excluding level 2B securitisations and high quality covered bonds pursuant to that delegated act, regardless of whether they comply with the operational requirements and with the requirements on the composition of the liquidity buffer as set out in that delegated act;
(b) deposits held by the institution in another financial institution that fulfil the criteria for operational deposits as set out in the delegated act referred to in Article 460(1);
(c) monies due from transactions with a residual maturity of less than one year with:
(i) the central government of a Member State or of a third country;
(ii) regional governments or local authorities in a Member State or in a third country;