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  • CA-6.5 CA-6.5 Calculation of the capital charge

    • CA-6.5.1

      The capital charge is 8% of the overall net open position.

    • CA-6.5.2

      The table below illustrates the calculation of the overall net open position and the capital charge:

      Example of the calculation of the foreign exchange overall net open position and the capital charge
      GBP EURO SAR US$ JPY Gold
      +100 +150 +50 –180 –20 –20
      +300 –200 20
      The capital charge is 8% of the higher of either the sum of the net long currency positions or the sum of the net short positions (i.e. 300) and of the net position in gold (i.e. 20) = 320 x 8% = 25.6