lexiara

1.

Assets issued by credit institutions which benefit from a guarantee from the central government of a Member State shall qualify as level 1 assets only where the guarantee: was granted or committed to for a maximum amount prior to 30 June 2014; is a direct, explicit, irrevocable and unconditional guarantee and covers the failure to pay principal and interest when due.

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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.