‹ PIB 4.11.4 Guidance PIB 4.11.6 › PIB 4.11.5 An Authorised Firm must not recognise the effects of Credit Risk mitigation if such mitigation is already reflected in the issue-specific external credit assessment of the CR Exposure. Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12] ‹ PIB 4.11.4 Guidance PIB 4.11.6 ›