2.

The treatment set out in paragraph 1 shall apply to exposures protected by a guarantee which is counter-guaranteed by any of the following entities: a central government or central bank; a regional government or local authority; a public sector entity, claims on which are treated as claims on the central government in accordance with Article 116(4); a multilateral development bank or an international organisation, to which a 0 % risk weight is assigned under or by virtue of Articles 117(2) and 118 respectively; a public sector entity, claims on which are treated in accordance with Article 116(1) and (2).

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.