10.

Institutions which do not use models under point 9 may, with the approval of the competent authorities, treat as fully offsetting any positions in derivative instruments covered in points 4 to 7 which meet the following conditions at least: the positions are of the same value and denominated in the same currency; the reference rate (for floating‐rate positions) or coupon (for fixed‐rate positions) is closely matched; and the next interest‐fixing date or, for fixed coupon positions, residual maturity corresponds with the following limits: less than one month hence: same day; between one month and one year hence: within seven days; and over one year hence: within 30 days.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.