{
  "url": "https://openlegislation.uk/eu-regulation-2017-390/article-24",
  "json_url": "https://openlegislation.uk/eu-regulation-2017-390/article-24.json",
  "legislation": "eur/2017/390",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2017-390",
  "path": "article/24",
  "kind": "article",
  "number": "24",
  "heading": "Credit limits",
  "text": "For the purposes of managing intraday credit risk, and where setting the credit limits to an individual borrowing participant at the group level, a CSD-banking service provider shall comply with all of the following:\n(a) assess the creditworthiness of the borrowing participant based on a methodology that does not exclusively rely on external opinions;\n(b) verify the compliance of collateral and other equivalent financial resources provided by a participant to cover intraday credit exposures, with the requirements set out in Articles 9 and 15, respectively;\n(c) set the credit limits to a borrowing participant based on the multiple relationships that the CSD-banking service provider has with the borrowing participant, including where the CSD-banking service provider provides more than one banking-type ancillary service among those referred to in Section C of the Annex to Regulation (EU) No 909/2014 to the same participant;\n(d) take into account the level of qualifying liquid resources in accordance with Article 34;\n(e) review the credit limits to a borrowing participant with the view to ensuring both of the following:\n(i) where the creditworthiness of a borrowing participant decreases, that the credit limits are reviewed or reduced;\n(ii) where the value of collateral provided by a borrowing participant decreases, that the credit availability is reduced.\n(f) review the credit lines granted to borrowing participants at least annually based on their actual usage of credit;\n(g) ensure that the amount of overnight credit exposures is integrated in the usage of the credit limit granted to the participant;\n(h) ensure that the amount of overnight credit not yet reimbursed is included in the intraday exposures of the next day and is capped by the credit limit.",
  "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/eur/2017/390/article/24",
    "retrieved_at": "2026-11-01T14:45:08.893870+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."
}