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PIB 4.13.17

(1) An Authorised Firm may recognise as eligible the Netting of an on-balance sheet Exposure against an offsetting on-balance sheet item if the related Netting agreement meets the condition in PIB Rule 4.13.19.
(2) Eligibility for Netting is limited to reciprocal cash balances between the Authorised Firm and its Counterparty. Only loans and deposits of the Authorised Firm may be subject to a modification of their Credit RWAs as a result of an on-balance sheet Netting agreement.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]