- Question ID
-
2014_1050
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Credit risk
- Article
-
Article 501
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
n.a.
- Type of submitter
-
Credit institution
- Subject matter
-
SME supporting factor
- Question
-
Can you please confirm whether the SME supporting factor can be applied to derivative exposure and Repo exposure?
- Background on the question
-
Trying to complete the COREP return and we need confirmation as to whether the SME supporting factor can be applied to derivative and Repo exposure.
- Submission date
- Final publishing date
-
- Final answer
-
Article 501(2)(a) of Regulation (EU) No 575/2013 (CRR) states that the SME supporting factor applies to exposures included in the retail, corporates or secured by mortgages on immovable property classes, subject to satisfaction of all other criteria set out in that Article. Whether an exposure qualifies for inclusion in the retail, corporates or secured by mortgages on immovable property class depends on the features of the relevant exposure meeting the criteria set out in the retail, corporates or secured by mortgages on immovable property provisions, as the case may be. This also applies to the case of derivatives and repurchase agreements.
See further Q&A 704.
- Status
-
Final Q&A
- Answer prepared by
-
Answer prepared by the EBA.
- Note to Q&A
-
Update 26.03.2021: This Q&A has not yet been reviewed by the EBA in the light of the changes introduced to Regulation (EU) No 575/2013 (CRR).
Update 28.10.2021: This Q&A has been reviewed in the light of the changes introduced to Regulation (EU) No 575/2013 (CRR) and continues to be relevant.