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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 App4 Credit Risk
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 A4.2.1

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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.

The applicable CCFs for off-balance sheet CR ExposuresG are provided in the table below.

  Description of Off-balance Sheet Item CCF
(a) Direct credit substitutes 100%
(b) TransactionG -related contingent items 50%
(c) Short-term self-liquidating trade-related contingent items (applicable to both issuing and confirming banks) and commitments to underwrite debt and equity SecuritiesG 20%
(d) Note issuance facilities and revolving UnderwritingG facilities 50%
(e) TransactionsG , other than SFTs, involving the posting of SecuritiesG held by the Authorised FirmG as CollateralG 100%
(f) Asset sales with recourse, where the Credit RiskG remains with the Authorised FirmG 100%
(g) Other commitments with certain drawdown 100%
(h) Other commitments
(i) with an Original MaturityG of more than one year
(ii) with an Original MaturityG of one year or less
(iii) which are unconditionally cancellable at any time by the Authorised FirmG without prior notice, or that effectively provide for automatic cancellation due to deterioration in an obligor's creditworthiness
50%

20%

0%
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]