Does the 85 % required stable funding factor apply to assets encumbered for a residual maturity of one year or more in a cover pool funded by Covered bonds issued directly in the market, as well as to the assets underlying self-issued Covered bonds used as collateral for long term ECB funding or SFT with the market?

With reference to the Article 428ag (h) of Regulation EU 2019/876, in the context of Covered bonds that comply with Article 52(4) of Directive 2009/65/EC or requirements as set out in Article 129(4) or (5) of the Regulation, the 85% of RSF factor could be applied to all assets encumbered for a residual maturity of over one year in a cover pool funded by covered bonds issued for funding directly to investors in the market, as well as also to those assets underlying the retained Covered bonds that are used as guarantee for long term ECB funding or Repo transactions. 

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