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PIB 4.9.17

An Authorised Firm must use either the FCSA or the FCCA to recognise the effect of eligible financial Collateral for any SFT in the Non-Trading Book. The Authorised Firm must apply the chosen approach consistently to the entire Non-Trading Book and must not use a combination of both approaches. For a pre-settlement CounterpartyExposure arising from any SFT in the Trading Book, an Authorised Firm must only use the FCCA to recognise the effect of eligible financial Collateral.

Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]