Article 292 › 1

An institution shall ensure the integrity of modelling process as set out in Article 284 by adopting at least the following measures: (a) the model shall reflect transaction terms and specifications in a timely, complete, and conservative fashion; (b) those terms shall include at least contract notional amounts, maturity, reference assets, margining arrangements and netting arrangements; (c) those terms and specifications shall be maintained in a database that is subject to formal and periodic audit; (d) a process for recognising netting arrangements that requires legal staff to verify that netting under those arrangements is legally enforceable; (e) the verification required by point (d) shall be entered into the database mentioned in point (c) by an independent unit; (f) the transmission of transaction terms and specification data to the EPE model shall be subject to internal audit; (g) there shall be processes for formal reconciliation between the model and source data systems to verify on an ongoing basis that transaction terms and specifications are being reflected in EPE correctly or at least conservatively.

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