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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]
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 4.11.6



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.

Where a CR ExposureG has an issue-specific external credit assessment from a recognised ECAIG , an Authorised FirmG must use such assessment. Where a CR ExposureG does not have an issue-specific external credit assessment, an Authorised FirmG must:

(a) if there is an issue-specific external credit assessment for another ExposureG to the same obligor, use the issue-specific assessment for the other ExposureG only if the ExposureG without an issue-specific assessment ranks pari passu with or is senior to the ExposureG with the issue-specific assessment;
(b) if the obligor has an IssuerG external credit assessment, use the IssuerG assessment of the obligor only if the ExposureG without an issue-specific assessment ranks pari passu with or is senior to any unsecured claim that is not subordinated to any other claim on the obligor; or
(c) in all other cases, apply a risk weight equal to the higher of the risk weight that is applicable to an unrated ExposureG and the risk weight associated with the external credit assessment, if any, of the obligor or another ExposureG to the same obligor.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]