To calculate the reduced net
(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]