2.2.2. Additional Tier 1 capital
Effective from 2012-12-19 - Dec 18 2012
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| • | A minimum set of criteria for an instrument issued by the bank to meet or to exceed in order for its to be included in additional Tier-1 Capital and described in Annex # 3. | |
| Additional Tier 1 capital consists of the sum of the following elements: | ||
| • | Instruments issued by the bank that meet the criteria for inclusion in Additional Tier 1 capital (and are not included in Common Equity Tier 1); Refer to paragraph 87-89, A global regulatory framework for more resilient banks and banking systems – revised version (rev June 2011) | |
| • | Stock surplus (share premium) resulting from the issue of instruments included in Additional Tier 1 capital; | |
| • | Instruments issued by consolidated subsidiaries of the bank and held by third parties that meet the criteria for inclusion in Additional Tier 1 capital and are not included in Common Equity Tier 1. Refer to section 3 for the relevant criteria; and | |
| • | Regulatory adjustments applied in the calculation of Additional Tier 1 Capital are addressed in section 4 of this document. | |
| • | Tier-1 Capital instruments issued by consolidated subsidiaries are described in section 3 of this document. | |