Article 286 › 3

An institution using the IMM shall ensure that its CCR management framework accounts to the satisfaction of the competent authority for the liquidity risks of all of the following: (a) potential incoming margin calls in the context of exchanges of variation margin or other margin types, such as initial or independent margin, under adverse market shocks; (b) potential incoming calls for the return of excess collateral posted by counterparties; (c) calls resulting from a potential downgrade of its own external credit quality assessment. An institution shall ensure that the nature and horizon of collateral re-use is consistent with its liquidity needs and does not jeopardise its ability to post or return collateral in a timely manner.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04