Arxo Findings Register · Arxo Law

ARXO-2026-0377 · Reported

Basel Framework: CRE54.35 second bullet (holding periods CRE22.61 to CRE22.64)

CRE54.35 cites CRE22.61 to CRE22.64 for SFT holding periods, but those paragraphs contain none; the holding periods are in CRE22.56 to CRE22.58.

Consequence

Position: Netting set of repo-style SFTs with a member, daily remargining Reading a: Literal range gives no holding period Reading b: CRE22.57: five business days (20 if more than 5000 trades in a quarter, CRE22.58) Difference: Haircut scaling sqrt(10/5)

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 CRE54 (in force 2023-01-01, published 2020-03-27)
Place
CRE54.35 second bullet (holding periods CRE22.61 to CRE22.64)
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.

The holding periods for SFT calculations in CRE22.61 to CRE22.64 apply.
Normative text · Basel Framework CRE54 (in force 2023-01-01, published 2020-03-27) · CRE54.35 second bullet (holding periods CRE22.61 to CRE22.64) · Published 2020-03-27 · retrieved 2026-10-31 · SHA-256 2566fdd305261db0f597498bd48bab7e70d9f65f1c8e30ad8276093796a271b2 · copy

How to check it without Arxo's tools

  1. Open Basel Framework CRE54 (in force 2023-01-01, published 2020-03-27) and find CRE54.35 second bullet (holding periods CRE22.61 to CRE22.64). Compare the text with the quotation above. A copy is kept in this register: 2566fdd305261db0-CRE54@2023-01-01~2020-03-27.txt (SHA-256 2566fdd305261db0f597498bd48bab7e70d9f65f1c8e30ad8276093796a271b2, 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-2026-0377, https://arxo.io/findings/ARXO-2026-0377/ (status as of 2026-10-31). Data: ARXO-2026-0377.json.