direct ec european parliament council june amend articl council direct eec take pursuit busi credit institut articl annex ii iii council direct eec solvenc ratio credit institut articl annex ii council direct eec capit adequaci invest firm credit institut european parliament council european union regard treati establish european commun sentenc articl thereof regard propos commiss regard opinion econom social committe act accord procedur refer articl treati council direct eec decemb coordin law regul administr provis relat take pursuit busi credit institut exchang inform compet author author bodi member state member state direct conclus member state cooper agreement provid exchang inform compet author countri ground consist authoris conclud agreement exchang inform countri extend includ exchang inform author bodi countri provid inform disclos subject guarante profession secreci council direct eec decemb solvenc ratio credit institut weight asset balanc sheet item degre credit risk church religi commun constitut form legal person public law rais tax accord law confer repres credit risk similar region govern local author consist afford compet author possibl treat claim church religi commun claim region govern local author church religi commun rais tax option appli weight claim region govern local author extend claim church religi commun basi rais tax commiss direct ec march adapt council direct eec solvenc ratio credit institut technic definit multilater develop bank includ european invest fund definit fund constitut uniqu structur cooper europ order contribut strengthen intern market promot econom recoveri europ further econom social cohes mean articl direct eec weight appli unpaid portion capit subscrib european invest fund credit institut capit european invest fund reserv subscript financi institut limit paid outset annual payment paid remain conting liabil member fund regard european council state object creat fund encourag commerci bank particip particip penalis appli weight unpaid portion subscrib capit annex direct eec deal classif balanc sheet item classifi item full risk appli weight articl direct lai balanc sheet item carri explicit guarante weight incur behalf guarantor counterparti potenti exposur aris balanc sheet transact fulli complet secur satisfact compet author asset item recognis collater paragraph weight appli depend collater question clear counter otc deriv instrument provid clear hous act central counterparti plai import role member state recognis benefit clear term reduct credit risk relat system risk prudenti treatment credit risk current potenti futur exposur aris clear otc deriv contract fulli collateralis risk build clear hous exposur market post collater elimin order clear otc deriv grant transit period prudenti treatment exchang trade deriv compet author satisfi level initi margin variat margin requir qualiti level protect provid post collater account case guarante secur real collater mean articl respect balanc sheet item sureti guarante charact credit substitut mean point articl direct eec weight appli asset constitut claim zone central govern central bank explicitli guarante asset secur collater form zone central govern central bank secur mean articl direct member state condit appli weight asset constitut claim region govern local author claim parti balanc sheet item held behalf parti guarante region govern local author articl direct eec lai member state appli weight asset item secur satisfact compet author collater form secur issu zone region govern local author collater form secur issu region govern local author member state regard guarante region govern local author mean articl view allow compet author appli weight asset balanc sheet item secur collater subject condit laid paragraph annex ii direct eec lai treatment balanc sheet item commonli refer otc deriv instrument interest foreign exchang rate context calcul credit institut capit requir articl articl articl articl articl direct annex thereto accord work intern forum bank supervisor refin aspect stringent supervisori treatment credit risk inher otc deriv instrument extens compulsori capit cover otc deriv instrument underli interest foreign exchang rate possibl take account risk reduc effect contractu net agreement recognis compet author calcul capit requir potenti futur credit risk inher otc deriv instrument internation activ credit institut group credit institut wide rang countri compet commun credit institut rule adopt wider intern level result refin supervisori treatment otc deriv instrument refin result compulsori capit cover take account risk reduc effect supervisorili recognis contractu net agreement potenti futur credit risk commun credit institut similar refin supervisori treatment otc deriv instrument includ possibl take account risk reduc effect supervisorili recognis contractu net agreement potenti futur credit risk achiev amend direct eec ensur level plai field credit institut invest firm compet commun consist supervisori treatment respect activ area otc deriv instrument achiev adapt council direct eec march capit adequaci invest firm credit institut direct mean attain object sought achiev object adopt direct articl direct eec articl replac member state conclud cooper agreement provid exchang inform compet author countri author bodi countri defin paragraph inform disclos subject guarante profession secreci equival refer articl exchang inform purpos perform supervisori task author bodi mention inform origin member state disclos express agreement compet author disclos sole purpos author gave agreement articl direct eec amend articl amend paragraph indent ad quot recognis exchang quot exchang recognis compet author function regularli ii rule issu approv author home countri exchang defin condit oper exchang condit access exchang condit satisfi contract effect dealt exchang iii clear mechan contract list annex iii subject daili margin requir provid protect opinion compet author paragraph subparagraph ad compet author includ concept region govern local author church religi commun constitut form legal person public law rais tax accord legisl confer case option set articl appli articl sentenc replac case balanc sheet item refer articl potenti cost replac contract event counterparti default calcul mean method set annex ii articl amend paragraph sentenc ad portion unpaid capit subscrib european invest fund weight paragraph replac method set annex ii appli balanc sheet item list annex iii contract trade recognis exchang foreign exchang contract contract gold origin matur calendar dai decemb compet author member state exempt applic method set annex ii counter otc contract clear clear hous act legal counterparti particip fulli collateralis daili basi exposur present clear hous provid protect cover current exposur potenti futur exposur compet author satisfi post collater level protect collater compli paragraph risk build clear hous exposur market post collater elimin member state inform commiss make option paragraph subparagraph ad member state appli weight balanc sheet item sureti guarante charact credit substitut fulli guarante satisfact compet author mortgag meet condit set paragraph subject guarantor direct collater articl amend paragraph ad word local author secur satisfact compet author concern collater form secur issu region govern local author paragraph ad word includ collater form secur articl replac prejudic articl member state appli weight asset item secur satisfact compet author concern collater form secur issu zone region govern local author deposit zone credit institut lend institut certif deposit similar instrument issu credit institut annex ii iii amend replac accord part annex direct articl direct eec amend articl replac quot counter otc deriv instrument quot balanc sheet item subparagraph articl direct eec method set annex ii direct appli annex ii point replac order calcul capit requir otc deriv instrument institut appli articl ii direct eec risk weight appli relev counterparti determin accord articl direct decemb compet author member state exempt applic method set annex ii otc contract clear clear hous act legal counterparti particip fulli collateralis daili basi exposur present clear hous provid protect cover current exposur potenti futur exposur compet author satisfi post collater level protect collater compli articl direct eec risk build clear hous exposur market post collater elimin member state inform commiss make option articl member state bring forc law regul administr provis compli direct month date entri forc forthwith inform commiss thereof member state adopt measur refer direct accompani refer occas offici public method make refer laid member state member state commun commiss text main provis domest law adopt field govern direct articl direct enter forc dai public offici journal european commun articl direct address member state luxembourg june european parliament presid gil robl council presid cunningham oj oj oj opinion european parliament april oj council common posit march oj decis european parliament april oj council decis oj direct amend direct ec oj oj direct amend direct ec page offici journal oj oj annex annex ii direct eec amend head replac annex ii treatment balanc sheet item point replac choic method measur credit risk contract list point annex iii credit institut choos subject consent compet author method set credit institut compli articl direct eec method set measur credit risk contract list point annex iii credit institut method set point tabl replac gt tabl gt purpos calcul potenti futur exposur accord step compet author credit institut decemb appli percentag prescrib tabl provid institut make option set articl direct eec contract mean point annex iii gt tabl gt tabl head row column replac contract foreign exchang rate gold point paragraph ad end method compet author ensur notion amount account yardstick risk inher contract instanc contract multipl cash flow notion amount adjust order account effect multipl risk structur contract point paragraph ad compet author recognis risk reduc contractu net agreement cover foreign exchang contract origin matur calendar dai written option similar balanc sheet item annex appli bear neglig credit risk depend posit neg market contract inclus net agreement result increas decreas capit requir compet author oblig credit institut consist treatment point ii paragraph introductori word paragraph indent replac ii net agreement applic method step current replac cost contract includ net agreement obtain take account actual hypothet net replac cost result agreement case net lead net oblig credit institut calcul net replac cost current replac cost calcul quot quot step figur potenti futur credit exposur contract includ net agreement reduc equat pcere pcegross ngr pcegrosswher gt tabl gt calcul potenti futur credit exposur formula perfectli match contract includ net agreement account singl contract notion princip equival net receipt perfectli match contract forward foreign exchang contract similar contract notion princip equival cash flow cash flow fall due date fulli partli currenc applic method step perfectli match contract includ net agreement account singl contract notion princip equival net receipt notion princip amount multipli percentag tabl annex iii direct eec replac annex iii type balanc sheet item interest rate contract singl currenc interest rate swap basi swap forward rate agreement interest rate futur interest rate option purchas contract similar natur foreign exchang contract contract gold cross currenc interest rate swap forward foreign exchang contract currenc futur currenc option purchas contract similar natur contract gold natur similar contract natur similar point refer item indic equiti preciou metal gold commod preciou metal contract similar natur