What should be the available stable funding factor applicable to payables (accruals)?
Accounts payable (AP) is an account on the liability side of the institutions’ balance sheets that represents obligations to pay off (usually) short-term debt to its suppliers.
While some debts to suppliers have a fixed calendar window to pay off the amount due, others may set only a maximum calendar days/months to be paid.
If the short-term obligation has a stated maturity, the institution should apply Articles 428k and 428l from Regulation (EU) 575/2013 as amended (CRR), based on the counterparty and the maturity. In this specific case, which refers to liability to suppliers (i.e., non-banking activity), paragraph 3, points (d) and (d) of the cited provisions respectively apply.
If the obligation has no stated maturity, a 0% ASF factor applies, conform to Article 428k(1) CRR.