4.5.1.1 Calculation of Effective Drawdown Date

The funding start date, end date and draw notice period are used to determine the effective drawdown date for outflow of cash flows in case of loans or commitments provided by the bank to its customers. The application calculates the effective drawdown date for assets that have a drawdown associated with them as follows:

1. If funding start date > as of date, effective drawdown date = funding start date.
2. If funding start date < as of date, funding end date < as of date, draw notice period > 0 and funding end date + draw notice period > as of date, effective drawdown date = funding end date + draw notice period.
3. If funding start date < as of date, funding end date < as of date, draw notice period > 0 and funding end date + draw notice period <= as of date, effective drawdown date = as of date.
4. If funding start date < as of date, funding end date < as of date and draw notice period = 0, effective drawdown date = funding end date.

Note:

The outflow rates are applied to cash outflows based on the effective drawdown date computed as above. If the effective drawdown date is < LCR horizon, the appropriate drawdown rates are applied based on other regulatory criteria.