# Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance), Article 21: Monitoring intraday credit exposures

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

For the purposes of monitoring intraday credit risk, a CSD- banking service provider shall, in particular:
(a) monitor on an ongoing basis, through an automatic reporting system, the intraday credit exposures arising from the banking-type ancillary services referred to in Section C of the Annex to Regulation (EU) No 909/2014;
(b) maintain, for a period of at least 10 years, a record of the daily intraday peak and average intraday credit exposures arising from banking-type ancillary services referred to in Section C of the Annex to Regulation (EU) No 909/2014;
(c) record the intraday credit exposures stemming from each entity on which intraday credit exposures are incurred, including the following:
(i) issuers;
(ii) participants to the securities settlement system operated by a CSD, at entity and group levels;
(iii) CSDs with interoperable links;
(iv) banks and other financial institutions used to make or receive payments;
(d) fully describe how the credit risk management framework takes into account the interdependencies and the multiple relationships that a CSD-banking service provider may have with each of the entities referred to in point (c);
(e) specify, for each counterparty, how the CSD-banking service provider monitors the concentration of its intraday credit exposures, including its exposures to the entities of the groups comprising the entities listed in point (c);
(f) specify how the CSD-banking service provider assesses the adequacy of the haircuts applied to the collateral collected;
(g) specify how the CSD-banking service provider monitors the collateral coverage of the credit exposures and the coverage of credit exposures with other equivalent financial resources.

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Source: https://www.legislation.gov.uk/eur/2017/390/article/21 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-390/article-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.