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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB 4 Credit Risk
PIB 4 Part 3 — CRDOM
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 4.9.5

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) An Authorised FirmG which has taken eligible financial CollateralG for any transaction other than an equity ExposureG , an SE ExposureG , an OTC DerivativeG transaction, long settlement transaction or SFT may recognise the effect of such CollateralG in accordance with Rules PIB 4.9.6 and PIB 4.9.7.
(2) An Authorised FirmG must use either the:
(a) Financial CollateralG Simplified ApproachG (FCSA) which adopts the treatment under PIB Rule 4.13.5 in relation to the composition of financial CollateralG ; or
(b) Financial CollateralG Comprehensive Approach (FCCA) which adopts the treatment under PIB Rule 4.13.6;
to recognise the effect of eligible financial CollateralG .
(3) An Authorised FirmG must apply the chosen approach consistently to its entire Non-Trading BookG and must not use a combination of both approaches.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]