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PIN A6.6.1

An Insurer is required to calculate an off-balance sheet asset risk component, if the Insurer is, as at the Solvency Reference Date, a party to a derivative contract, including a forward, future, swap, option or other similar contract, but not including:

(a) a put option serving as a guarantee;
(b) a foreign exchange contract having an original maturity of 14 days or less; or
(c) an instrument traded on a futures or options exchange, which is subject to daily mark-to-market and margin payments.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]