• IBANK Part 10.5 IBANK Part 10.5 Effect of CRM techniques on capital requirements for sukuk

    Inserted by QFCRA RM/2017-1 (as from 1st April 2017).

    • IBANK 10.5.1 Capital relief from CRM techniques obtained by firm

      (1) An Islamic banking business firm that has obtained a CRM technique (such as eligible collateral, an eligible credit derivative, a guarantee from an eligible guarantor or an eligible netting agreement) applicable to a securitisation exposure may reduce its capital requirement for the exposure.
      (2) Collateral pledged by an SPE as part of the securitisation may be used as a CRM technique if it is eligible collateral.

      Note For eligible collateral see rules 4.6.8 and 4.6.9.
      Inserted by QFCRA RM/2017-1 (as from 1st April 2017).