(b)

the credit institution may cover the deficit of liquid assets in a currency with credit facilities from the central bank in a Member State or third country of that currency, provided that the facility complies with all the following requirements: it is contractually irrevocably committed for the next 30 calendar days; it is priced with a fee which is payable regardless of the amount, if any, drawn down against that facility; the fee is set in an amount such that the net yield on the assets used to secure the facility must not be higher than the net yield on a representative portfolio of liquidity assets, after adjusting for any material differences in credit risk.

← art_19__para_1__point_a__text_1 · All articles · art_19__para_1__point_b__text_1 →

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