Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 125

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 125
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 of the guarantees, the description of the assets that act as collateral, the obligations and rights of the parties involved and the related insurance.

Additionally, a critical review of the valuation is carried out, focusing in particular on aspects such as its understandability, the prudence of the assumptions and the clear and reasonable identification of other comparable properties used as a reference to determine the appraised value. In the wholesale sphere, the possibility of carrying out a due diligence will be considered when the risk or complexity of the operation so requires.

4.2.9.2.2. Types of collateral

Article 453 c) CRR

EU CRC c)

As collateral for the purpose of calculating bank capital, the Group uses the hedging established in the solvency regulations. The following are the main types of collateral available in the Group:

• Mortgage Guarantees : The collateral is the property upon which the loan is arranged.

• Financial guarantees : Their object is any one of the following financial assets, as per articles 197 and 198 of the solvency regulation.

◦ Cash deposits, deposit certificates or similar instruments.

◦ Debt securities issued for the different categories.

◦ Shares or convertible bonds.

• Other goods and rights used as a real collateral : The following property and rights are considered acceptable as collateral as per Article 200 of the solvency regulation.

◦ Cash deposits, deposit certificates or similar instruments held in third-party institutions other than the lending credit institution, when these are pledged in favour of the latter.

◦ Life insurance policies pledged in favour of the lending credit institution.

◦ Debt securities issued by other institutions, provided that these securities are to be repurchased at a pre-set price by the issuing institutions at the request of the holder of the securities.

4.2.9.3. Hedging based on personal guarantees

Article 453 d) CRR

EU CRC d)

According to the solvency regulations, unfunded credit protection consists of personal guarantees, including those arising from credit insurance, that have been granted by the providers of protection defined in Articles 201 and 202 of the solvency regulation.

In the category of Retail exposure under the advanced measurement approach, unfunded credit protection impacts the PD and does not reduce the amount of the credit risk in EAD.

4.2.9.4. Amount of the credit risk mitigation

Article 453 f), g) CRR

This section shows the amounts of credit risk mitigation techniques.

In line with the EBA standards published in