LM-12.4.12
Past version: Effective from 01 Aug 2018 to 31 Dec 2019
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Table (1) below summarizes the components of each of the ASF categories and the associated maximum ASF factor to be applied in calculating a bank's total amount of available stable funding.
Table 1: Summary of Liability Categories and Associated ASF Factors
| ASF Factor | Components of ASF Category |
| 100% |
• Total regulatory capital (excluding Tier 2 instruments with a residual maturity of less than 1 year);
• Other capital instruments and liabilities with an effective residual maturity of 1 year or more;
• Deferred tax liabilities with a residual maturity of 1 year or greater; and
• Minority interest with a residual maturity of 1 year or more.
|
| 95% | Stable demand deposits, saving deposits and term deposits with a residual maturity of less than 1 year provided by retail and small business customers. |
| 90% | Less stable demand deposits, saving deposits and term deposits with a residual maturity of less than 1 year provided by retail and small business customers. |
| 50% |
• Funding with a residual maturity of less than 1 year provided by non-financial corporate customers;
• Operational deposits;
• Funding with a residual maturity of less than 1 year from sovereigns, PSEs, and multilateral and national development banks, Bahrain's Social Insurance Organization and GCC PIFs (where the PIF is a controller of the bank);
• Other secured or unsecured funding with a residual maturity between 6 months and less than 1 year not included in the above categories, including funding provided by central banks and financial institutions;
• Deferred tax liabilities with a residual maturity of between 6 months and less than 1 year; and
• Minority interest with residual maturity between 6 months and less than 1 year. |
| ASF Factor | Components of ASF Category |
| 0% |
• All other liabilities and equity not included in the above categories, including liabilities without a stated maturity (with a specific treatment for deferred tax liabilities and minority interests);
• NSFR derivative liabilities net of NSFR derivative assets if NSFR derivative liabilities are greater than NSFR derivative assets; and
• 'Trade date' payables arising from purchases of financial instruments, foreign currencies and commodities. |
August 2018