The following HQLA are eligible for the purpose of meeting the special liquidity requirements if:
they are not in the stock of HQLA needed for LCR compliance purposes; and
the bank can freely dispose of them over a horizon of 90 calendar days.
The caps under Article 15c paragraph 1 letters b and c shall apply for the inclusion of Level 2A and 2B assets. In individual cases, FINMA may stipulate that these assets can also be included beyond these caps. When making its decision, it shall take into account the risk arising out of the fact that these assets cannot be readily sold.
An explicit cantonal state guarantee or similar mechanism is eligible if the guarantee or mechanism:
Of the total according to the following calculation, 30 per cent may be counted as eligible assets, provided the sum is positive:
mortgage claims which are held by the bank as collateral for obtaining emergency liquidity from the SNB and which meet the SNB's conditions for such collateral;
minus the haircuts set by the SNB for the mortgage claims under letter a;
minus 5 per cent of the bank's total exposure under Article 42a CAO.
HQLA that are not included in accordance with Article 15c paragraph 8, and other HQLA under paragraphs 1 and 2 above, which are held by a branch or a consolidated entity for the purpose of meeting local liquidity requirements may be included in the bank's stock of eligible assets to the extent that this branch or entity contributes to the bank's liquidity needs arising out of the special liquidity requirements.
Eligible assets must not be simultaneously counted as cash inflows.