(212)

Article 429f is amended as follows: paragraph 1 is replaced by the following: ‘1. Institutions shall calculate, in accordance with Article 111(2), the exposure value of off-balance-sheet items, excluding the derivative contracts listed in Annex II, credit derivatives, securities financing transactions and the positions referred to in Article 429d. Where a commitment refers to the extension of another off-balance-sheet item, Article 111(3) shall apply.’ ; paragraph 3 is replaced by the following: ‘3. By way of derogation from Article 495d, institutions shall apply a conversion factor of 10 % to off-balance-sheet items in the form of unconditionally cancellable commitments.’ ;

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.