Home   Browse contents   View updates   Search  
     Quick search
Go
   

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
PIB 4.14 Securitisation
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 4.14.70

View whole sectionWhole 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 which has taken eligible financial CollateralG for an SE ExposureG and is using the FCSA may recognise the effect of the eligible financial CollateralG as follows:

(a) break down the SE ExposureG into:
(i) a collateralised portion with E equal to the latest fair market value of the eligible financial CollateralG ; and
(ii) an uncollateralised portion whose ExposureG value equals the E of the SE ExposureG less the latest fair market value of the eligible financial CollateralG ; and
(b) apply the CRW that is applicable to the eligible financial CollateralG to the collateralised portion calculated in accordance with (a)(i) to calculate the Credit RWAG amount of the collateralised portion as though the Authorised FirmG had a direct ExposureG to the eligible financial CollateralG ; and
(c) either:
(i) apply the CRW that is applicable to the SE ExposureG to the uncollateralised portion calculated in accordance with (a)(ii) to calculate the Credit RWAG amount of the uncollateralised portion; or
(ii) include the uncollateralised portion as a deduction from CET1 Capital.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]