Article 24
Off-balance sheet: Item 1 - Contingent liabilities This item shall comprise all transactions whereby an institution has underwritten the obligations of a third party. Notes on accounts shall state the nature and amount of any type of contingent liability which is material in relation to an institution's activities. Liabilities arising out of the endorsement of rediscounted bills shall be included in this item only if national law does not require otherwise. The same shall apply to acceptances other than own acceptances. Sureties and assets pledged as collateral security shall include all guarantee obligations incurred and assets pledged as collateral security on behalf of third parties, particularly in respect of sureties and irrevocable letters of credit.