BANK 4.5.23 Netting of positions across books

A banking business firm may net positions across its banking and trading books only if:

(a) the netted transactions are marked-to-market daily; and
(b) any collateral used in the transactions satisfies the criteria for eligible financial collateral in the banking book.
Derived from QFCRA RM/2014-2 (as from 1st January 2015).