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Article 279 - Treatment of collateral

Article 279
Treatment of collateral

For the determination of risk positions, institutions shall treat collateral as follows:

(a)

collateral received from a counterparty shall be treated as an obligation to the counterparty under a derivative contract (short position) that is due on the day the determination is made;

(b)

collateral posted with the counterparty shall be treated as a claim on the counterparty (long position) that is due on the day the determination is made.

Official text · consolidated version 19/07/2016 (no longer in force) Open full page ↗
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