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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER34/12-19]
PIB 4 Credit Risk
PIB 4 Part 3 — CRDOM
PIB 4.14 Securitisation
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(1 version)
Dec 9 2012 onwards

PIB 4.14.18

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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.

(1) An Authorised FirmG which is an OriginatorG or a SponsorG of a Synthetic SecuritisationG may recognise the effects of Credit RiskG mitigation of the Synthetic SecuritisationG in calculating its SE ExposureG RWAsG , only if:
(a) all of the conditions detailed in PIB Rule A4.10.2 have been complied with;
(b) the effects of Credit RiskG mitigation are obtained through eligible credit protection, eligible financial CollateralG or both; and
(c) Credit RiskG is transferred to third parties.
(2) In relation to (b), the Credit RiskG mitigation techniques used must meet the requirements of PIB section 4.13.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]