# Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance), Article 38: Cash collateral

Extent: E+W+S+N.I.

For the purposes of Article 46(1) of Regulation (EU) No 648/2012, highly liquid collateral in the form of cash shall be denominated in one of the following:
(a) a currency for which the CCP can demonstrate to the competent authorities that it is able to adequately manage the risk;
(b) a currency in which the CCP clears transactions, in the limit of the collateral required to cover the CCP’s exposures in that currency.

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Source: https://www.legislation.gov.uk/eur/2013/153/article/38 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-153/article-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.