Principles of the valuation

(1) The valuation is based on prudent assumptions, including as regards probabilities of default and loss rates in respect of the institution's assets.
(2) The valuation must not take into account the possibility that, from the time resolution action is taken, extraordinary public financial support, emergency liquidity assistance from a central bank, or liquidity assistance from a central bank on non-standard terms as to collateralisation, maturity, and interest rate, might be provided to the institution or group entity. The first sentence does not apply to contributions from the Restructuring Fund made in accordance with this Act.
(3) The valuation must take into account that 1. the resolution authority may levy fees and charges under the Federal Fees Act, and may claim reimbursement of costs under section 15(1), first sentence, point 11, of the Act on the Federal Financial Supervisory Authority, for issuing a resolution order and for related activities; 2. the Restructuring Fund within the meaning of section 1 of the Restructuring Fund Act may charge interest and fees for the guarantees and loans granted to the institution or group entity under resolution under sections 6 to 6b of the Restructuring Fund Act.