EBU Single Rulebook Q&A 25 June 2019 2019_4805 Large Exposures treatment of Nostro Accounts used for correspondent banking

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European Union · · · 15-05-2020

Do Nostro Accounts used for correspondent banking activities always meet the exclusion criteria specified under Article 390(6) CRR?To the extent that a low amount of exposure is always left in the same accounts, as a buffer to avoid going overdrawn as a result of the correspondent banking activity, would this be eligible for the exclusions as well? If yes, under which circumstances?

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