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PIB 4.15.2

For the purposes of this section an Exposure that arises in the Trading Book is calculated by summing the following:

(a) the net positive position (long positions net of short positions) for each financial instrument as set out in Rules PIB A4.11.10 to PIB A4.11.28;
(b) the Authorised Firm’s net Underwriting Exposures for any Counterparty; and
(c) any other Exposures arising from transactions, agreements and contracts that would give rise to Counterparty Credit Risk.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RMI293/2021 (Made 24th February 2021). [VER38/04-21]