Which of the following statements about the Basel 3 minimum capital requirements is NOT correct? Common equity tier 1 (CET1)comprises the highest quality components of capital that fully satisfy all

of the following characteristics: a. Provide a temporary and restricted commitment of funds; b. Are freely available to absorb losses; c. Impose avoidable servicing charges against earnings; d. Rank behind the claims of depositors and other creditors in the event of winding-up of the issuer.