Chapter 4 Credit risk mitigation (arts. 192-241)

Section 1 Definitions and general requirements (arts. 192-194)
Applicable
Article 192 Definitions
Applicable
Article 193 Principles for recognising the effect of credit risk mitigation techniques
Applicable
Article 194 Principles governing the eligibility of credit risk mitigation techniques
Section 2 Eligible forms of credit risk mitigation (arts. 195-204a)
Sub-section 1 Funded credit protection (arts. 195-200)
Applicable
Article 195 On-balance sheet netting
Applicable
Article 196 Master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions
Amended
Article 197 Eligibility of collateral under all approaches and methods
Applicable
Article 198 Additional eligibility of collateral under the Financial Collateral Comprehensive Method
Amended
Article 199 Additional eligibility for collateral under the IRB Approach
Applicable
Article 200 Other funded credit protection
Sub-section 2 Unfunded credit protection (arts. 201-203)
Applicable
Article 201 Eligibility of protection providers under all approaches
Applicable
Article 202 Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)
Applicable
Article 203 Eligibility of guarantees as unfunded credit protection
Sub-section 3 Types of derivatives (arts. 204-204a)
Applicable
Article 204 Eligible types of credit derivatives
Inserted
Article 204a Eligible types of equity derivatives
Section 3 Requirements (arts. 205-217)
Sub-section 1 Funded credit protection (arts. 205-212)
Applicable
Article 205 Requirements for on-balance sheet netting agreements other than master netting agreements referred to in Article 206
Applicable
Article 206 Requirements for master netting agreements covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market driven transactions
Applicable
Article 207 Requirements for financial collateral
Applicable
Article 208 Requirements for immovable property collateral
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Article 209 Requirements for receivables
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Article 210 Requirements for other physical collateral
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Article 211 Requirements for treating lease exposures as collateralised
Applicable
Article 212 Requirements for other funded credit protection
Sub-section 2 Unfunded credit protection and credit linked notes (arts. 213-217)
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Article 213 Requirements common to guarantees and credit derivatives
Applicable
Article 214 Sovereign and other public sector counter-guarantees
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Article 215 Additional requirements for guarantees
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Article 216 Additional requirements for credit derivatives
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Article 217 Requirements to qualify for the treatment set out in Article 153(3)
Section 4 Calculating the effects of credit risk mitigation (arts. 218-236)
Sub-section 1 Funded credit protection (arts. 218-232)
Applicable
Article 218 Credit linked notes
Applicable
Article 219 On-balance sheet netting
Applicable
Article 220 Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements
Applicable
Article 221 Using the internal models approach for master netting agreements
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Article 222 Financial Collateral Simple Method
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Article 223 Financial Collateral Comprehensive Method
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Article 224 Supervisory volatility adjustment under the Financial Collateral Comprehensive Method
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Article 225 Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method
Applicable
Article 226 Scaling up of volatility adjustment under the Financial Collateral Comprehensive Method
Applicable
Article 227 Conditions for applying a 0 % volatility adjustment under the Financial Collateral Comprehensive Method
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Article 228 Calculating risk-weighted exposure amounts and expected loss amounts under the Financial Collateral Comprehensive method
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Article 229 Valuation principles for other eligible collateral under the IRB Approach
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Article 230 Calculating risk-weighted exposure amounts and expected loss amounts for other eligible collateral under the IRB Approach
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Article 231 Calculating risk-weighted exposure amounts and expected loss amounts in the case of mixed pools of collateral
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Article 232 Other funded credit protection
Sub-section 2 Unfunded credit protection (arts. 233-236)
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Article 233 Valuation
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Article 234 Calculating risk-weighted exposure amounts and expected loss amounts in the event of partial protection and tranching
Applicable
Article 235 Calculating risk-weighted exposure amounts under the Standardised Approach
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Article 236 Calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach
Section 5 Maturity mismatches (arts. 237-239)
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Article 237 Maturity mismatch
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Article 238 Maturity of credit protection
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Article 239 Valuation of protection
Section 6 Basket CRM techniques (arts. 240-241)
Applicable
Article 240 First-to-default credit derivatives
Applicable
Article 241 Nth-to-default credit derivatives