The following assets shall be subject to a 50 % required stable funding factor:
(a) secured and unsecured loans with a residual maturity of less than one year and provided that they are encumbered less than one year;
(b) any other assets with a residual maturity of less than one year, unless otherwise specified in Articles 428as to 428av;
(c) assets encumbered for a residual maturity of at least six months but less than one year, except where those assets would be assigned a higher required stable funding factor in accordance with Articles 428ax, 428ay and 428az if they were held unencumbered, in which case the higher required stable funding factor that would apply to those assets if they were held unencumbered shall apply.