1

Application and Definitions

1.1

This Part applies to every firm that is a CRR firm.

1.2

In this Part, the following definitions shall apply:

average exposure measure

means the average exposure measure calculated in accordance with 3.7(1) or 3.8(1), as applicable.

average leverage ratio

means the average leverage ratio calculated in accordance with 3.7(2) or 3.8(2), as applicable.

countercyclical leverage ratio buffer

has the meaning given in Leverage Ratio 1.2.

CRR leverage ratio

means the leverage ratio disclosed by the firm in accordance with Article 451 of the CRR.

leverage ratio

has the meaning given in Leverage Ratio 1.2.

retail deposit

has the meaning given in Leverage Ratio 1.2.

tier 1 capital

has the meaning given in Leverage Ratio 1.2.

total exposure measure

has the meaning given in Leverage Ratio 1.2.

1.3

Unless otherwise defined, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.