PIN A6.8.2

For the purposes of the calculation referred to in PIN Rule A6.8.1:

(a) 'investment exposure' means the aggregate value of all equity, bond or other investments in or in respect of the counterparty or group of Related parties or property in question, together with off-balance sheet exposures to the same counterparty or group of Related counterparties or property that the Insurer has because it has issued guarantees, letters of credit or other credit substitutes (other than insurance contracts), or because it has entered into derivative contracts, but excluding any assets excluded from base cellular capital or base non-cellular capital by reason of any of the Rules referred to in PIN Rule A6.4.3(b);
(b) 'adjusted segmental capital resources' in respect of a segment means Adjusted Cellular Capital Resources in respect of that segment (where the segment is a Cell) or the Insurer's Adjusted Non-Cellular Capital Resources (where the segment is not a Cell); and
(c) 'AAA'-Rated Governments and Government agencies are not counterparties.

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