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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(1 version)
Dec 9 2012 onwards

PIB 4.13.18

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.

(1) Assets (loans) and liabilities (deposits) subject to recognised on-balance sheet NettingG are to be treated as cash CollateralG using the formula in PIB A4.3.6, under which an Authorised FirmG may use zero haircuts for ExposureG and CollateralG .
(2) When a currency mismatch exists, an Authorised FirmG must apply the standard supervisory haircut of 8% for currency mismatch.
(3) When a maturity mismatch exists between the off-setting items, an Authorised FirmG must apply the Rules PIB 4.13.14 to PIB 4.13.16 to address the maturity mismatch.
(4) NetG credit ExposureG , after taking into account recognised NettingG , will be subject to the applicable CRW for the CounterpartyG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]