Contents
- 1. By way of derogation from Articles 1 and 2, institutions m…
- 2. For bonds which consist in fixed-rate debt instruments wit…
- 3. For bonds which consist in floating-rate debt instruments…
- 4. For a stock position, the main risk driver shall be the eq…
- 5. For a cash position in a currency different from the insti…
- 6. For positions in a physical commodity, the main risk drive…
- 7. For a position in a collective investment undertaking (CIU…
- 8. For a position in a repurchase transaction where the insti…
1.By way of derogation from Articles 1 and 2, institutions may identify the main risk driver of the non-derivative positions referred to in paragraphs 2 to 8 of this Article and determine whether such positions represent long or a short positions in the main risk driver by applying the approaches set out in those paragraphs.
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