Posted 9 September, 2022 | Category : .
The SCF is required to comply at all times an over-collateralization ratio on privileged resources by assets, including sums receivable under forward financial instruments benefiting from the privilege defined in Article L. 513-11, at least equal to 105%, under the conditions set by order of the Minister for the Economy.
In calculating this ratio, when its assets include loans guaranteed under Articles L. 211-36 to L. 211-40, L. 313-23 to L. 313-35 and L. 313-42 to L . 313-49, and except in the case of liquid assets and short-term exposures to credit institutions, the société de crédit foncier does not take into account these receivables but rather the assets received by way of guarantee, pledge or full ownership.
Furthermore, for the calculation of this ratio, the SCF considers, under conditions and limits defined by order of the Minister of Economy, corporate exposures belonging to the same consolidated group as that company within the meaning of Article L. 233-16 of the Commercial Code.
Unsecured claims found to be in default in accordance with Article 178 of Regulation (EU) No 575/2013 of 26 June 2013 may not contribute to the calculation of the coverage ratio.
Assets that contribute to compliance with the coverage ratio defined in the first paragraph above the 100% level shall not be subject to the limits on exposures to credit institutions set out in Article R. 513-6 and shall not be taken into account for the purpose of calculating those limits.