1. Subject to prior approval of the competent authorities, an institution may treat an asset and a liability as interdependent, provided that all the following conditions are met:
(a) the institution acts solely as a pass-through unit to channel the funding from the liability into the corresponding interdependent asset;
(b) the individual interdependent assets and liabilities are clearly identifiable and have the same principal amount;
(c) the asset and interdependent liability have substantially matched maturities, with a maximum delay of 20 days between the maturity of the asset and the maturity of the liability;
(d) the interdependent liability has been requested pursuant to a legal, regulatory or contractual commitment and is not used to fund other assets;
(e) the principal payment f lows from the asset are not used for other purposes than repaying the interdependent liability;
(f) the counterparties for each pair of interdependent assets and liabilities are not the same.
2. Assets
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