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SLOVAK CB LEGISLATION AT A GLANCE MANDATORY TESTS • Overcollateralisation - minimum level 5% the value of the cover pool must be at least 105% of the nominal amount of outstanding covered bonds (&related costs) Stress Test ⚫ testing of credit risk, interest risk, currency risk, liquidity risk, counterparty risk, operative risk and risk of decrease in property's value. The parameters of the stress testing are to correspond with the parameters used in the evaluation of capital adequacy of the Issuing Bank ⚫ carried out at least once per year Liquidity test • all estimated negative cash flows, if any, during the following 180-days shall be covered with a buffer of Liquid Assets · performed on a daily basis 45

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