Annexes to SEC(2011)950 - Executive summary of the impact assessment - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
dossier | SEC(2011)950 - Executive summary of the impact assessment. |
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document | SEC(2011)950 ![]() |
date | July 20, 2011 |
[11] While the rationale behind a repo contract is borrowing or lending of cash, in securities financing, the purpose is to temporarily obtain a security for other purposes such as covering short positions.
[12] An entity that interposes itself between counterparties to contracts traded within one or more financial markets, becoming the buyer to every seller and the seller to every buyer.
[13] A choice given to competent authorities or MS on how to comply with a given provision, selecting from a range of alternatives.
[14] A choice given to competent authorities or MS as to whether apply a given provision.
[15] Of this figure, €37 billion (measured in Tier 1 capital) is attributable to CRD III proposal.