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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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB A5.4.3



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.

An Authorised FirmG must calculate its net open position in each currency, and in gold, by summing:

(a) the net spot position, being all asset items less all liability items, including accrued interest, denominated in the currency in question;
(b) the net forward position, being all amounts to be received less all amounts to be paid under forward foreign exchange transactions, including currency futures and the principal on currency swaps not included in the spot position;
(c) guarantees and similar instruments that are certain to be called and are likely to be irrecoverable;
(d) net future income/expenses not yet accrued but already fully hedged, at the discretion of the Authorised FirmG ; and
(e) any other item representing a profit or loss in Foreign CurrenciesG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]