EBU Single Rulebook Q&A 4 September 2025 2025_7576 Application of Article 207(2) of the CRR to financial collateral under the counterparty credit risk framework

For recognising received financial collateral when calculating the exposure value under the counterparty credit risk (CCR) framework, does Article 207(2) CRR – which requires that the credit quality of the obligor and the value of the collateral shall not have a material positive correlation – apply?