PIB A5.8.10

To calculate the reduced net Underwriting position an Authorised Firm must apply the reduction factors in the table below to the net Underwriting position calculated under PIB Rule A5.8.6 as follows:

(a) in respect of debt Securities, an Authorised Firm must calculate two reduced net Underwriting positions; one for inclusion in the Authorised Firm's interest rate Specific Risk calculation, the other for inclusion in its interest rate General Market Risk calculation; and
(b) in respect of equities, an Authorised Firm must calculate only one reduced net Underwriting position, and then include it in the simplified equity method.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]