BANK 4.5.8 Forms of cash collateral

Cash collateral, in relation to a credit exposure, means collateral in the form of:

(a) notes and coins;
(b) certificates of deposit, bank bills and similar instruments issued by the banking business firm holding the exposure; or
(c) cash-funded credit-linked notes issued by a banking business firm against exposures in its banking book, if the notes satisfy the criterion for credit derivatives in rule 4.5.16(2).
Derived from QFCRA RM/2014-2 (as from 1st January 2015).