Unsecured wholesale funding:
Past version: effective from 21/10/2015 - 20/10/2015
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8. Unsecured wholesale funding should consist of liabilities and general obligations raised from non-natural Persons (i.e. legal entities, including sole proprietorships and Partnerships) and not collateralised by legal rights to specifically designated assets owned by the Authorised Person accepting the Deposit in the case of bankruptcy, insolvency, liquidation or resolution. Obligations related to Derivative contracts should be excluded from this category.
9. The wholesale funding included in the LCR should consist of all funding that is callable within the LCR's period of 30 days or that has its earliest possible contractual maturity date within this period (such as maturing term Deposits and unsecured debt Securities), as well as funding with an undetermined maturity. This should include all funding with Options that are exercisable at the investor's discretion within the 30-day period.
10. Wholesale funding that is callable by the funds provider subject to a contractually defined and binding notice period longer than the 30-day period should not be included.
11. Unsecured wholesale funding provided by small and medium-sized enterprise customers should be treated as Deposits from individuals where:
a. the Deposits and other extensions of funds made by non-financial small and medium-sized enterprise customers are managed as retail accounts and are generally considered as having similar Liquidity Risk characteristics to retail accounts; and
b. the total aggregated funding raised from a small and medium-sized enterprise customer is less than $1 million (on a consolidated basis where applicable).