Question ID
2021_6085
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Liquidity risk
Article
428j, 428k, 428l, 428o
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Not applicable
Article/Paragraph
-
Type of submitter
Competent authority
Subject matter
ASF applicable to payables (accruals) in the NSFR
Question

What should be the available stable funding factor applicable to payables (accruals)?

Background on the question

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.

Submission date
Final publishing date
Final answer

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.

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

Disclaimer

The Q&A refers to the provisions in force on the day of their publication. The EBA does not systematically review published Q&As following the amendment of legislative acts. Users of the Q&A tool should therefore check the date of publication of the Q&A and whether the provisions referred to in the answer remain the same.