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Dubai Financial Services Authority (DFSA): Contents

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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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PIN A4.6.4



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.

The asset equivalent amount in respect of a derivative is calculated as the sum of the current mark-to-market exposure of the derivative (where this is positive) and the amount obtained by multiplying the notional principal amount of the derivative by the factors specified in the following table, according to the nature and residual maturity of the derivative.

Residual maturity A B C D E
(a) Less than 1 year NIL 1.0% 6.0% 7.0% 10.0%
(b) 1 year or more, but less than 5 years 0.5% 5.0% 8.0% 7.0% 12.0%
(c) 5 years or more 1.5% 7.0% 10.0% 8.0% 15.0%

Where:

A means interest rate contracts;
B means foreign exchange and gold contracts;
C means equity contracts;
D means precious metal contracts (other than gold); and
E means other contracts.


Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]