‹ Measurement of E for Pre-Settlement Counterparty Exposures Arising from SFTs PIB 4.9.14 › PIB 4.9.13 An SFT must be treated as Collateralised lending, notwithstanding the wide range of structures which could be used for SFTs. Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12] ‹ Measurement of E for Pre-Settlement Counterparty Exposures Arising from SFTs PIB 4.9.14 ›