1. Where there are insufficient liquid assets in a given currency for credit institutions to meet the liquidity coverage ratio laid down in Article 4, one or more of the following provisions shall apply:
(a) the requirement on currency consistency set out in Article 8(6) shall not apply in relation to that currency;
(b) the credit institution may cover the deficit of liquid assets in a currency with credit facilities from the central bank in a Member State or third country of that currency, provided that the facility complies with all the following requirements:
(i) it is contractually irrevocably committed for the next 30 calendar days;
(ii) it is priced with a fee which is payable regardless of the amount, if any, drawn down against that facility;
(iii) the fee is set in an amount such that the net yield on the assets used to secure the facility must not be higher than the net yield on a representative portfolio of liquidity assets, after adjusting for any material differences in cre
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