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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
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
Notices
Financial Markets Tribunal
Archive

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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 4.9.15



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.

An Authorised FirmG must determine E, for a pre-settlement CounterpartyG ExposureG arising from an SFT which is not covered by a qualifying cross-product NettingG agreement as follows:

(a) in the case where the Authorised FirmG has lent SecuritiesG to a CounterpartyG or sold SecuritiesG to a CounterpartyG with a commitment to repurchase those SecuritiesG at a specified price on a specified future date, the latest fair value of the SecuritiesG lent or sold; and
(b) in the case where the Authorised FirmG has lent cash to a CounterpartyG through the borrowing of SecuritiesG from the CounterpartyG or paid cash for the purchase of SecuritiesG from a CounterpartyG with a commitment to resell those SecuritiesG at a specified price on a specified future date, the amount of cash lent or paid.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]