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other than the credit-related ones;
f) the maximum levels allowed for total indebtedness, including the substantiation thereof,
differentiated by categories of customers, by loan destination (e.g. consumer loan, loans for real
estate investments), by type of loan (broken down by currency denomination or, as appropriate, by
indexing, by the type of interest, i.e. fixed or variable interest, by the term of the loan and by the
customer behaviour related to debt servicing, as determined by the quality of the collateral); in the
case of consumer loans, the maximum levels for the total indebtedness are established taking into
account the foreign-exchange risk, the interest rate risk and the risk of decrease of the available
income for the term of the loan;
g) the periodic reassessment methodology of the income adjustment coefficients and of the
maximum allowed levels for indebtedness, in order to ensure the accuracy thereof on an ongoing
basis.
(2) When substantiating the maximum allowed levels for total indebtedness, in case of consumer
loans, the following values shall be used:
a) for the exchange rate shock: 35.5% EUR, 52.6% CHF, and 40.9% USD. For the other currencies,
the CHF value shall be used. If the applicant’s income and the requested credit are denominated in
two different foreign currencies, the highest of the two foreign currency exchange rate shocks vs.
the national currency shall be used to determine the exchange rate shock;
b) for the interest rate shock: 0.6 percentage points for all currencies;
c) for the income shock, in case of income from wages: 6%.
(3) The provisions of this Article in relationship to the foreign-exchange risk shall only apply to the
financing part, for which the customer has not proven that they have income available in the loan
currency or indexed according to the loan currency. The provisions related to the interest rate risk
do not apply to fixed interest rate loans.
Article 7
The total level of indebtedness is determined as the weighted ratio of the total payment obligations
arising from loans or other reimbursable financing of the eligible income from which the expenses
referred to in Article 6 paragraph (1), e) were deducted.
CHAPTER III - PROVISIONS ON SOUND LENDING PRACTICES
Article 8
Lenders must conduct their lending activity in such a way as to ensure the clear and effective
separation of the loan products promotion and sale from the credit risk analysis and exposure
monitoring activities.
Article 9
(1) Lenders analyse their customers’ repayment ability based on the level of the income deemed
eligible by the lenders, which cannot exceed by more than 20% the income level of the previous
year.
(2) Lenders establish the income for the previous year based on documents certifying the revenue
declared to the tax authorities.
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