PIB A4.11.17

An Authorised Firm must calculate the value of an Exposure to the Issuer of a Security or a credit derivative used as a hedge that is held in the Authorised Firm'sTrading Book by calculating the excess of the current market value of all long positions over all short positions in all the Securities or credit derivatives issued by that Issuer, based on the seniority of those Securities or credit derivatives in the liquidation of the Issuer.

Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Added] DFSA RMI293/2021 (Made 24th February 2021). [VER38/04-21]