Annex II Classification of Off-Balance-Sheet Items

Full risk

• Guarantees having the character of credit substitutes,

• Acceptances,

• Endorsements on bills not bearing the name of another credit institution,

• Transactions with recourse,

• Irrevocable standby letters of credit having the character of credit substitutes,

• Assets purchased under outright forward purchase agreements,

• Forward forward deposits,

• The unpaid portion of partly-paid shares and securities,

• Other items also carrying full risk.

Medium risk

• Documentary credits issued and confirmed (see also medium/low risk),

• Warranties and indemnities (including tender, performance, customs and tax bonds) and guarantees not having the character of credit substitutes,

• Asset sale and repurchase agreements as defined in Article 12(3) and (5) of Directive 86/635/EEC,

• Irrevocable standby letters of credit not having the character of credit substitutes,

• Undrawn credit facilities (agreements to lend, purchase securities, provide guarantees or acceptance facilities)