Banks’ recovery plans must include an operational plan for accessing the Central Bank's Standing Facilities, including foreign central bank standing liquidity facilities where relevant.
10.2
In respect of these standing facilities, the operational plan must include the following information:
10.2.1
Identification of the facilities, including a description of their purpose and their suitability at different stages of implementation of the recovery plan;
10.2.2
An assessment of how the Financial Institution would meet their eligibility criteria;
10.2.3
An assessment of the Financial Institution’s eligible assets and the drawing capacity against them;
10.2.4
Processes and steps necessary to access the facilities with clearly allocated roles and responsibilities; and
10.2.5
An identification of the recovery options that would allow the Financial Institution, over time, to repay any central bank liquidity support received.
10.3
The recovery plan must be prepared without including the availability of discretionary extraordinary central bank liquidity facilities or public support.
10.4
Banks that specify standing liquidity facilities as part of their recovery options shall regularly test the operational aspects of accessing such facilities, including through test transactions. Banks shall notify the Central Bank, or any other authorityproviding the facility, that these are test transactions.