For the purposes of Article 17 of Regulation (EU) 2019/2033, the measurement of total monthly AUM shall be made in accordance with all of the following:
((a))
the calculation shall include the value of financial instruments calculated at fair value in accordance with the applicable accounting standards;
((b))
financial instruments with a negative fair value shall be included in absolute value;
((c))
the calculation shall include cash except any amounts covered under CMH in accordance with Article 4 of this Regulation.