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Under Basel III, Common Equity Tier 1 capital must have the following essential ...

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Under Basel III, Common Equity Tier 1 capital must have the following essential characteristics EXCEPT:

provide a permanent and unrestricted commitment of funds.

0%

rank behind the claims of depositors and other creditors in the event of winding-up.

0%

pay cumulative dividends to shareholders.

100%

not impose any unavoidable servicing charge against earnings.

0%

be freely available to absorb losses.

0%

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