by means of daily back tests, whether the initial margin meets the requirements specified in Article 28c paragraph 1;
by means of daily stress tests, whether the margin and the default fund contributions meet the requirements specified in Article 28b paragraph 3;
on a monthly basis, how initial margin changes when the assumptions and parameters underlying its calculation vary;
on a monthly basis, the scenarios, models, assumptions and parameters underlying the stress tests;
at least annually and in a comprehensive manner, its credit risk management model and the implementation thereof.
In the event that a central counterparty identifies shortcomings when performing the tests specified in paragraph 1, it shall make adjustments so as to meet the requirements.
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