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PIB 4.13.4

(1) An Authorised Firm must be able to satisfy the DFSA that it has systems in place to manage potential concentration of risk arising from its use of guarantees and Credit Derivatives.
(2) An Authorised Firm must be able to demonstrate how its strategy in respect of its use of Credit Risk mitigation techniques, and in particular use of Credit Derivatives and guarantees interacts with its management of its overall risk profile.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]