http://www.legislation.gov.uk/eur/2017/390/article/21/adoptedCommission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)Commission Delegated Regulation (EU) 2017/390Commission Delegated Regulation (EU) 2017/390 of 11 November 2016 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on certain prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services (Text with EEA relevance)2020-12-12King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32017R0390texttext/xmlen TITLE III <Strong>PRUDENTIAL REQUIREMENTS APPLICABLE TO CREDIT INSTITUTIONS OR CSDS AUTHORISED TO PROVIDE BANKING-TYPE ANCILLARY SERVICES, AS REFERRED TO IN ARTICLE 59 OF REGULATION (EU) No 909/2014</Strong> CHAPTER II <Strong>PRUDENTIAL FRAMEWORK FOR CREDIT AND LIQUIDITY RISK</Strong> SECTION 1 <Strong> <Emphasis>Credit risk</Emphasis> </Strong> Sub-Section 2 <Strong> <Expanded>Monitoring Credit Risks</Expanded> </Strong> Monitoring intraday credit exposures Article 21 For the purposes of monitoring intraday credit risk, a CSD- banking service provider shall, in particular: monitor on an ongoing basis, through an automatic reporting system, the intraday credit exposures arising from the banking-type ancillary services referred to in Section C of the Annex to Regulation (EU) No 909/2014; maintain, for a period of at least 10 years, a record of the daily intraday peak and average intraday credit exposures arising from banking-type ancillary services referred to in Section C of the Annex to Regulation (EU) No 909/2014; record the intraday credit exposures stemming from each entity on which intraday credit exposures are incurred, including the following: issuers; participants to the securities settlement system operated by a CSD, at entity and group levels; CSDs with interoperable links; banks and other financial institutions used to make or receive payments; fully describe how the credit risk management framework takes into account the interdependencies and the multiple relationships that a CSD-banking service provider may have with each of the entities referred to in point (c); specify, for each counterparty, how the CSD-banking service provider monitors the concentration of its intraday credit exposures, including its exposures to the entities of the groups comprising the entities listed in point (c); specify how the CSD-banking service provider assesses the adequacy of the haircuts applied to the collateral collected; specify how the CSD-banking service provider monitors the collateral coverage of the credit exposures and the coverage of credit exposures with other equivalent financial resources.