The remaining maturity is determined by the maximum remaining time that the obligor is permitted to take to fully discharge its contractual obligations. Identifying this maximum remaining time for exposures with an undefined maturity requires considering both the maximum period until a cancellation by the institution would become effective and the maximum period that the obligor is permitted to take, after cancellation has become effective, to fully discharge its contractual obligations. If the total of these two periods is three months or less, the condition of a residual maturity of three months or less is met. Besides the residual maturity, for application of Article 119(2) of the Regulation (EU) No. 575/2013, it is also required that the exposure be denominated and funded in the national currency of the borrower.