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# Article 4

**Commission Delegated Regulation (EU) No 152/2013 · binding · OJ L 52, 23.2.2013 · dated 19 Dec 2012 [in force]**

*In force · Commission Delegated Regulation (EU) No 152/2013, OJ L 52, 23.2.2013 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2013/152/oj/eng)*

Capital requirements for credit risk, counterparty credit risk and market risk which are not already covered by specific financial resources as referred to in [Articles 41](../../articles/41.md) to 44 of Regulation (EU) No 648/2012

1. <a id="art-4-p-1"></a>A CCP shall calculate its capital requirements referred to in Article 1 as the sum of 8 % of its risk-weighted exposure amounts for credit and counterparty credit risk and its capital requirements for market risk calculated in accordance with Directives 2006/48/EC and 2006/49/EC, subject to the restrictions provided in paragraphs 2 to 5.

2. <a id="art-4-p-2"></a>For the calculation of capital requirements for market risk which is not already covered by specific financial resources as referred to in [Articles 41](../../articles/41.md) to 44 of Regulation (EU) No 648/2012, a CCP shall use the methods provided for in Annexes I to IV to Directive 2006/49/EC.

3. <a id="art-4-p-3"></a>For the calculation of the risk-weighted exposure amounts for credit risk which is not already covered by specific financial resources as referred to in [Articles 41](../../articles/41.md) to 44 of Regulation (EU) No 648/2012, a CCP shall apply the Standardised Approach for credit risk provided for in Articles 78 to 83 of Directive 2006/48/EC.

4. <a id="art-4-p-4"></a>For the calculation of the risk-weighted exposure amounts for counterparty credit risk which is not already covered by specific financial resources as referred to in [Articles 41](../../articles/41.md) to 44 of Regulation (EU) No 648/2012, a CCP shall use the Mark-to-market Method provided for in Annex III, part 3 to Directive 2006/48/EC and the Financial Collateral Comprehensive Method applying supervisory volatility adjustments provided for in Annex VIII, Part 3 to Directive 2006/48/EC.

5. <a id="art-4-p-5"></a>Where all the conditions referred to in [Articles 52](../../articles/52.md) and [53](../../articles/53.md) of Regulation (EU) No 648/2012 are not fulfilled and where a CCP does not use its own resources, the CCP shall apply a risk weight of 1 250 % to its exposure stemming from contributions to the default fund of another CCP and a risk weight of 2 % to its trade exposures with another CCP.