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PIB A4.9.8

1) An Authorised Firm shall determine the Exposure value for clearing Exposures to non-qualifying CCPs as the amount in the table below:
Type of Clearing Exposure Exposure Amount
Segregated initial margin Nil
Non-segregated initial margin Nominal amount of initial margin posted
Pre-funded default fund contributions Nominal amount of the funded contribution
Unfunded default fund contributions Nil
Equity stakes Nominal amount
(2) For the purposes of (1), a “non-qualifying CCP” is a CCP that does not meet the criteria set out in the definition of a Qualifying CCP in PIB Rule 1.2.1.
Derived from DFSA RMI293/2021 (Made 24th February 2021). [VER38/04-21]