- Question ID
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2021_6085
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Liquidity risk
- Article
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428j, 428k, 428l, 428o
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
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-
- Type of submitter
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Competent authority
- Subject matter
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ASF applicable to payables (accruals) in the NSFR
- Question
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What should be the available stable funding factor applicable to payables (accruals)?
- Background on the question
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Accounts payable (AP) is an account on the liability side of the institutions’ balance sheets that represents obligations to pay off (usually) short-term debt to its suppliers.
While some debts to suppliers have a fixed calendar window to pay off the amount due, others may set only a maximum calendar days/months to be paid.
- Submission date
- Final publishing date
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- Final answer
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If the short-term obligation has a stated maturity, the institution should apply Articles 428k and 428l from Regulation (EU) 575/2013 as amended (CRR), based on the counterparty and the maturity. In this specific case, which refers to liability to suppliers (i.e., non-banking activity), paragraph 3, points (d) and (d) of the cited provisions respectively apply.
If the obligation has no stated maturity, a 0% ASF factor applies, conform to Article 428k(1) CRR.
- Status
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Final Q&A
- Answer prepared by
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Answer prepared by the EBA.