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Application provision

1.1 This Part applies to a CRR firm.



A firm must actively manage collateral positions.



A firm must distinguish between pledged and unencumbered assets that are available at all times, in particular during emergency situations. A firm must also take into account the legal entity in which assets reside, the country where assets are legally recorded either in a register or in an account as well as their eligibility and must monitor how assets can be mobilised in a timely manner.

Additional Notes

[Note: Art. 86(5) of the CRD]