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  • PIB A5.5.4 PIB A5.5.4

    (1) Subject to (2), an Authorised Firm must not net positions in different commodities for the purpose of calculating open positions.
    (2) An Authorised Firm may net positions in different commodities where those commodities:
    (a) are deliverable against each other; and
    (b) are in one or more sub-categories of the same category;
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

    • PIB A5.5.4 Guidance

      1. For the purposes of PIB Rule A5.5.4, an example of a category is oil. An example of a sub-category is Brent.
      2. For the Simplified Approach and the Maturity Ladder approach, long and short positions in each commodity may be reported on a net basis for the purposes of calculating open positions.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]