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Banking Rule Book
Text applicable on 9 Jan 2024Consolidated version of 9 Jan 2024Earlier versionUpcoming changefrom 9 Jul 2024Unofficial text · authentic on EUR-Lex (opens in a new tab)

CRR Article 64 — as applicable on 9 Jan 2024 (version of 9 Jan 2024)

Article 64(4) was not found in this version; showing Article 64.

Article 64

Amortisation of Tier 2 instruments

On this provision: 1 EBA Q&A

Amendment details· last amended 27 Jun 2019
Versions of this provision:28 Jun 201327 Jun 2019

Last amended 27 Jun 2019 by Regulation (EU) 2019/876 of 20 May 2019.

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1.

The full amount of Tier 2 instruments with a residual maturity of more than five years shall qualify as Tier 2 items.

2.

The extent to which Tier 2 instruments qualify as Tier 2 items during the final five years of maturity of the instruments is calculated by multiplying the result derived from the calculation referred to in point (a) by the amount referred to in point (b) as follows:

(a)

the carrying amount of the instruments on the first day of the final five-year period of their contractual maturity divided by the number of days in that period;

(b)

the number of remaining days of contractual maturity of the instruments.