CHAPTER II

COMPOSITION AND VALUATION RULES FOR THE BALANCE SHEET

Provision for foreign exchange rate, interest rate, credit and gold price risks
Article 7
Taking into due consideration the nature of the ECB’s activities, the Governing Council may establish a provision for foreign exchange rate, interest rate, credit and gold price risks in the balance sheet of the ECB. The Governing Council shall decide on the size and use of the provision on the basis of a reasoned estimate of the ECB’s risk exposures.