(1) This article applies for the purpose of determining the minimum consolidated requirement for each resolution group.
(2) The Bank must determine the minimum consolidated requirement, and is solely responsible for the determination.
(3) [deleted]
(4) The amount of each group institution's total liabilities must include total liabilities under any derivative contracts held by the institution.
(5) An assessment of total liabilities under a derivative contract must take account of the rights of the parties to the contract to set off or net under a netting arrangement.
(6) An eligible liability must be excluded from the amount of the group institution's own funds and eligible liabilities if -
(a) the instrument that creates the liability is not issued or fully paid up;
(b) the liability is owed to, or secured or guaranteed by, the institution itself;
(c) the purchase of the instrument that creates the liability was funded directly or indirectly by the institution itself;
(d) the liabilit
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