3.
For on-balance sheet netting agreements — other than master netting agreements covering repurchase transactions, securities or commodities lending or borrowing transactions and/or other capital market-driven transactions — to be recognised for the purposes of Articles 90 to 93, the following conditions shall be satisfied: they must be legally effective and enforceable in all relevant jurisdictions, including in the event of the insolvency or bankruptcy of a counterparty; the credit institution must be able to determine at any time those assets and liabilities that are subject to the on-balance sheet netting agreement; the credit institution must monitor and control the risks associated with the termination of the credit protection; and the credit institution must monitor and control the relevant exposures on a net basis.
← 1.1. On-balance sheet netting agreements (other than master netting agreements covering repurchase transactions, securities or commodities lending or borrowing transactions and/or other capital market-driven transactions). · All articles · anx_VIII__cpt_2__cpt_1__cpt_1__point_3__text_1 →
Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.