(a) General. Except as provided in § 217.400(b)(3)(ii), a global systemically important BHC's short-term wholesale funding score is equal to:

1. (1) The average of the global systemically important BHC's weighted short-term wholesale funding amount (defined in paragraph (b) of this section);
2. (2) Divided by the global systemically important BHC's average risk-weighted assets; and
3. (3) Multiplied by a fixed factor of 350.

(b) Weighted short-term wholesale funding amount.

1. (1) To calculate its weighted short-term wholesale funding amount, a global systemically important BHC must calculate the amount of its short-term wholesale funding on a consolidated basis for each business day of the previous calendar year and weight the components of short-term wholesale funding in accordance with Table 1 of this section.

2. (2) Short-term wholesale funding includes the following components, each as defined in paragraph (c) of this section:

   1. (i) All funds that the bank holding company must pay under each secured funding transaction, other than an operational deposit, with a remaining maturity of 1 year or less;
   2. (ii) All funds that the bank holding company must pay under all unsecured wholesale funding, other than an operational deposit, with a remaining maturity of 1 year or less;
   3. (iii) The fair value of an asset as determined under GAAP that a bank holding company must return under a covered asset exchange with a remaining maturity of 1 year or less;
   4. (iv) The fair value of an asset as determined under GAAP that the bank holding company must return under a short position to the extent that the borrowed asset does not qualify as a Level 1 liquid asset or a Level 2A liquid asset; and
   5. (v) All brokered deposits held at the bank holding company provided by a retail customer or counterparty.

3. (3) For purposes of calculating the short-term wholesale funding amount and the components thereof, a bank holding company must assume that each asset or transaction described in paragraph (b)(2) of this section matures in accordance with the criteria set forth in 12 CFR 249.31.

   Table 1 to § 217.406—Short-Term Wholesale Funding Components and Weights

   Component of short-term wholesale funding	Remainingmaturity of30 days of lessor no maturity	Remainingmaturity of31 to 90 days	Remainingmaturity of91 to 180 days	Remainingmaturity of181 to 365 days
   Category 1	25 percent	10 percent	0 percent	0 percent.
   (1) Secured funding transaction secured by a level 1 liquid asset;
   (2) Unsecured wholesale funding where the customer or counterparty is not a financial sector entity or a consolidated subsidiary thereof;
   (3) Brokered deposits provided by a retail customer or counterparty; and
   (4) Short positions where the borrowed asset does not qualify as either a level 1 liquid asset or level 2A liquid asset.
   Category 2	50 percent	25 percent	10 percent	0 percent.
   (1) Secured funding transaction secured by a level 2A liquid asset; and
   (2) Covered asset exchanges involving the future exchange of a Level 1 liquid asset for a Level 2A liquid asset.
   Category 3	75 percent	50 percent	25 percent	10 percent.
   (1) Secured funding transaction secured by a level 2B liquid asset;
   (2) Covered asset exchanges (other than those described in Category 2); and
   (3) Unsecured wholesale funding (other than unsecured wholesale funding described in Category 1).
   Category 4	100 percent	75 percent	50 percent	25 percent.
   Any other component of short-term wholesale funding.