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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 4.9.21

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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 may attribute a value of zero to E for:

(a) any pre-settlement CounterpartyG ExposureG arising from any DerivativeG transaction or SFT outstanding with a CCPe and which has not been rejected by that CCP, provided that the ExposureG is fully CollateralisedG on a daily basis;
(b) any Credit RiskG ExposureG arising from any DerivativeG transaction, SFT or spot transaction which an Authorised FirmG has outstanding with a CCP for which the latter acts as a custodian on the Authorised Firm'sG behalf, provided that the ExposureG is fully CollateralisedG on a daily basis;
(c) any pre-settlement CounterpartyG ExposureG arising from any Credit DerivativeG which an Authorised FirmG may recognise as eligible credit protection for a Non-Trading BookG ExposureG or another CCR ExposureG ; and
(d) any pre-settlement CounterpartyG ExposureG arising from any sold credit default swap in the Non-Trading BookG , where the credit default swap is treated as credit protection sold by the Authorised FirmG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]