Article 4 Transactions Which Themselves Have Underlying Assets
1.
When assessing the underlying exposures of a transaction (transaction A) which itself has an underlying exposure to another transaction (transaction B) for the purpose of Articles 5 and 6, an institution shall treat the exposure to transaction B as replaced with the exposures underlying transaction B.
- 01/01/2022
2.
Paragraph 1 shall apply as long as the underlying exposures are exposures to transactions with underlying assets.
[Note: This rule corresponds to Article 4 of Part 2 of Regulation (EU) No 1187/2014 as it applied immediately before revocation by the Treasury.]
- 01/01/2022