Commission Delegated Regulation (EU) No 153/2013 Article 38

Cash collateral

Article 38

For the purposes of Article 46(1) of Regulation (EU) No 648/2012, highly liquid collateral in the form of cash shall be denominated in one of the following: (a) a currency for which the CCP can demonstrate to the competent authorities that it is able to adequately manage the risk; (b) a currency in which the CCP clears transactions, in the limit of the collateral required to cover the CCP’s exposures in that currency.

Read the full instrument → · Read this in context: CHAPTER X — COLLATERAL →

Other provisions in CHAPTER X — COLLATERAL

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 38 of Commission Delegated Regulation (EU) No 153/2013 (LawPlayer, data as of 2026-07-04)

What to look at next

Commission Delegated Regulation (EU) No 153/2013, full textChapter navigation and full text, so you can read this section in contextEuropean Union legislation EU Legal Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER X — COLLATERAL — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections