Skip to the text
In this act Article 38 of 62
Text as of 29 Nov 2022 · Consolidated version of 7 March 2024 · Same wording as today’s text.Today’s text

Article 38 — Cash collateral

Financial servicesLevel 2RTSEMIRIn forceVerifiedOfficial source

For the purposes of Article 46(1) of Regulation (EU) No 648/2012, highly liquid collateral in the form of cash shall be denominated in one of the following:

38(a)
(a)a currency for which the CCP can demonstrate to the competent authorities that it is able to adequately manage the risk;
Copy link
38(b)
(b)a currency in which the CCP clears transactions, in the limit of the collateral required to cover the CCP’s exposures in that currency.
Copy link