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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 App4 Credit Risk
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 A4.3.25

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 the assumed minimum holding period is not met or remargining or revaluation conditions are not fulfilled, an Authorised FirmG must calculate the applicable haircut using the following formula:

H = HM √{[NR + (TM − 1)]/ TM}

where —

"H" refers to the haircut;

"HM" refers to the haircut under the minimum holding period;

"TM" refers to the minimum holding period for the type of transaction or eligible financial CollateralG ; and

"NR" refers to the actual number of business days between remargining or revaluation, as the case may be.

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