5.

The composition of the liquidity buffer after taking into account the unwind of any secured funding transaction, secured lending transaction, asset exchange or collateralised derivatives transaction and the application of the above caps in accordance with Article 17 shall be determined as follows: a″ (the adjusted non-covered bond level 1 asset amount after cap application) = a (the adjusted non-covered bond level 1 asset amount before cap application) b″ (the adjusted covered bond level 1asset amount after cap application) = MIN(b, a70/30) where b = the adjusted covered bond level 1 asset amount before cap application c″ (the adjusted level 2A asset amount after cap application) = MIN(c, (a + b″)40/60, MAX(a70/30 – b″, 0)) where c = the adjusted level 2A asset amount before cap application d″ (the adjusted level 2B asset amount after cap application) = MIN (d, (a + b″ + c″)15/85, MAX((a + b″)40/60 – c″, 0), MAX(70/30a – b″ – c″, 0)) Where d = the adjusted level 2B asset amount before cap application)

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Source: EUR-Lex (Cellar) · retrieved 2026-11-06 · Text as adopted (Official Journal); later amendments are not incorporated in this text.