Arxo Findings Register · Arxo Law

ARXO-2026-0358 · Reported

Basel Framework: CRE22.49 rating bands

The CRE22.49 haircut table names P-3 but omits Moody's P-1 and P-2, although P-3 and better short-term paper is eligible collateral.

Consequence

Position: Collateral C = 100 of CP of a corporate rated P-1 by Moody's, residual maturity 0.5 year, rated jurisdiction, exposure E = 100 cash. Reading a: P-1 equals A-1: Hc = 1% -> E* = 100 - 99 = 1 Reading b: P-1 not listed: no row, collateral not recognised (or second band 2% -> E* = 2) Difference: E* 1 vs 100 (or 2)

Proposed correction

Clarify or correct the cited passage so that the rule and its references give one result for the stated case.

Issued by
Basel Committee on Banking Supervision
Act
Basel Framework CRE22 (in force 2028-11-01, published 2025-10-28)
Place
CRE22.49 rating bands
Record
Discrepancy
Class
Text of the act
Where it arose
The text of the act
Arxo's conclusion
Confirmed
Official text
Unchanged at last check
Last checked
2026-10-31

Evidence

Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.

| AAA to AA–/A-1 | ≤ 1 year | 0.5 | 1 | 2 | 2 |
Normative text · Basel Framework CRE22 (in force 2028-11-01, published 2025-10-28) · CRE22.49 rating bands · Published 2025-10-28 · retrieved 2026-10-31 · SHA-256 a826640759d287975a3513d9598e4b0c38fe3f3adfc4e908f8b28ae2adeae44c · copy
| A+ to BBB–/ A-2/A-3/P-3 and unrated bank securities CRE22.34(3)(b) | ≤ 1 year | 1 | 2 | 4 | 4 |
Normative text · Basel Framework CRE22 (in force 2028-11-01, published 2025-10-28) · CRE22.49 rating bands · Published 2025-10-28 · retrieved 2026-10-31 · SHA-256 a826640759d287975a3513d9598e4b0c38fe3f3adfc4e908f8b28ae2adeae44c · copy

How to check it without Arxo's tools

  1. Open Basel Framework CRE22 (in force 2028-11-01, published 2025-10-28) and find CRE22.49 rating bands. Compare the text with the quotation above. A copy is kept in this register: a826640759d28797-CRE22@2028-11-01~2025-10-28.txt (SHA-256 a826640759d287975a3513d9598e4b0c38fe3f3adfc4e908f8b28ae2adeae44c, copy of the official file).
  2. The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.

How this finding was made

AI models read the texts, built the examples and reviewed the findings.

Responsible institutions

Reported to

DateInstitutionChannelReference
2026-10-31Basel Committee on Banking Supervisione-mailhttps://mail.google.com/mail/u/0/#sent/KtbxLthRTjRNkqRtWGvxMWmXhVdckfWkGV

Responses

No response recorded.

History

  1. 2026-10-31Confirmed by Arxo
  2. 2026-10-31Entered in the register
  3. 2026-10-31Reported to Basel Committee on Banking Supervision (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0358, https://arxo.io/findings/ARXO-2026-0358/ (status as of 2026-10-31). Data: ARXO-2026-0358.json.