On 19 December 2019, the European Central Bank (ECB) published a letter that it had sent to significant institutions in October, which provides clarification of the process to be applied by it as of 10 November 2019 for significant credit institutions with regard to the recognition of contractual netting agreements as risk reducing pursuant to Articles 295 to 298 of the Capital Requirements Regulation. Additional information on the notification process can be found in the FAQs published on the ECB’s website.