BANK 4.5.13 Guidance

1 The net realisable value of some collateral may be readily available (for example, collateral that is marked-to-market regularly). Other collateral may be more difficult to value and may require knowledge and consideration of prevailing market conditions.
2 The method and frequency of monitoring and revaluation depend on the nature and condition of the collateral (see rule 4.5.7 (2)). For example, securities accepted as collateral are usually marked to market daily.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).