{
  "url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.2/division-4.2.2.2",
  "json_url": "https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.2/division-4.2.2/division-4.2.2.2.json",
  "legislation": "eudn/2014/341",
  "legislation_title": "Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2014-341",
  "path": "annex/division/n2/division/III/division/4/division/4.2/division/4.2.2/division/4.2.2.2",
  "kind": "division",
  "number": "4.2.2.2",
  "heading": "Additional criteria",
  "text": "Within the context of ExIB, new business must be considered at the level of individual transactions. So if a client intends to increase its cash exposure and in turn reduce its guarantee exposure by the same amount, the increased cash exposure still counts as new business.\nFinance leasing must be treated as credit financing. New business (NCB and ExIB) must therefore be fully compliant with the new business requirements under points 4.1.1 to 4.16 above.\nOperating leasing must be treated as new business within the meaning of points 4.1.1-4.1.6, having regard to the following considerations:\nMinimum rating of […] and maximum tenor as per the restrictions on new business must be observed.\nFull collateralisation is to be assumed as long as the residual value is fully covered by the carrying value, provided that the residual value is sufficiently conservative; this will be the case where the residual value corresponds to a highly probable sales value (after deduction of sales costs) of the underlying item in the financial records of the booking entity.\nAny credit engagement involving uncommitted credit lines should adhere to the new lending standards under points 4.1.1-4.1.6.\nIntragroup transactions (e.g. refinancing of local banks, leasing and other participations) and business arising out of HGAA’s liquidity management requirements shall be accounted for in the Financial Institutions segment.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2014/341/annex/division/n2/division/III/division/4/division/4.2/division/4.2.2/division/4.2.2.2",
    "retrieved_at": "2026-11-01T15:14:45.373906+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}