Past version: effective from 21/10/2015 - 20/10/2015
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(1) The Regulator may allow an Authorised Person to recognise as cash inflow, access to a Parent entity's funds via a committed funding facility if the Authorised Person is a Subsidiary of a foreign bank. In such instances, the committed funding facility from the Parent entity must meet both of the following criteria:
(a) the facility must be an irrevocable commitment and must be appropriately documented; and
(b) the facility must be quantified.
(2) A committed funding facility from a Parent entity referred to in (1) can be recognised as a cash inflow only from day 16 of the LCR scenario. The cash inflow from a Parent entity can be sufficient in size to cover only net cash outflows against items with a maturity or next call date between days 16 and 30 of the LCR.