Article 509 › 4

The report referred to in paragraph 3 shall consider whether, and if, to what extent standby credit facilities referred to in point (e) of Article 416(1) should be included as liquid assets in light of international development and taking into account European specificities, including the way monetary policy is performed in the Union. EBA shall in particular test the adequacy of the following criteria and the appropriate levels for such definitions: (a) minimum trade volume of the assets; (b) minimum outstanding volume of the assets; (c) transparent pricing and post-trade information; (d) credit quality steps referred to in Part Three, Title II, Chapter 2; (e) proven record of price stability; (f) average volume traded and average trade size; (g) maximum bid/ask spread; (h) remaining time to maturity; (i) minimum turnover ratio.

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