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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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 4.15.12

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.

For the purposes of this section, an Authorised FirmG may reduce the value of its ExposuresG , at its discretion, by any one or more of the following:

(a) the amount of any specific provision made, where the provision relates to the risk of a credit loss occurring on that ExposureG and is not held as part of a general provision or reserve against its Credit RisksG ;
(b) NettingG its claims on and liabilities to a CounterpartyG , provided that the conditions in PIB section 4.13 of Credit RiskG mitigation are met;
(c) the amount of CollateralG held against its ExposuresG , where that CollateralG is of a type listed based on the FCSA and FCCA approaches and meeting the requirements under PIB section 4.13;
(d) the amount of any eligible guarantees as permitted under PIB section 4.13.9;
(e) the value of a Credit DerivativeG , where the Credit DerivativeG is an instrument included in PIB Rule 4.13.11 and the transaction meets the conditions set out in that section; and
(f) the effects of transactions transferring Credit RisksG from the Authorised FirmG to another party through securitisation, provided that the conditions in PIB section 4.14 are met.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]