PIB 3.18.3

Past version: effective from 01/01/2015 - 31/12/2021
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For the purpose of determining the Exposure Measure, the value of exposures of an Authorised Firm must be calculated in accordance with the International Financial Reporting Standards (IFRS) subject to the following adjustments:

(a) on-balance sheet, non-derivative exposures must be net of specific allowances and valuation adjustments (e.g. credit valuation adjustments);
(b) physical or financial collateral, guarantees or credit risk mitigation purchased must not be used to reduce on-balance sheet exposures; and
(c) loans must not be netted with deposits.
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]