BANK 4.5.17 Guidance
A netting agreement may include the netting of over the counter derivative transactions:
• across both the banking and trading books of a banking business firm (if the netted transactions satisfy the criteria in rule 4.5.23); and
• across different market-related products to the extent that they are recognised as market-related transactions.
|Derived from QFCRA RM/2014-2 (as from 1st January 2015).|