Question ID:
2019_5053
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Credit risk
Article:
Article 120,131 and 140
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Not applicable
Article/Paragraph:
Article 120, 131 and 140
Disclose name of institution / entity:
Yes
Name of institution / submitter:
Wolters Kluwer Financial Services
Country of incorporation / residence:
Netherlands
Type of submitter:
Other
Subject Matter:
Short-term Exposures
Question:

What does short-term in this context mean? 90 days of remaining maturity or original maturity of 1 year?

Background on the question:

Article 140 states that Short-term credit assessments may only be used for short-term asset and off-balance sheet items constituting exposures to institutions and corporates.

Article 4 (1) (80) defines trade finance positions of original maturity less than 1 year (less than 1 year or origination).
It is unclear whether the original maturity is applicable for all exposures including loans, securities etc for application of short-term assessment or 90 days of remaining maturity for all positions, except trade finance positions.

Date of submission:
18/12/2019
Published as Rejected Q&A
11/02/2022
Rationale for rejection:

Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.

If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.

For further information please refer to the press release and the updated Q&A page.

Status:
Rejected question
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