Back Custom print Link Text Only Rich Text Print

  • Exempt Exposures to Parties not Connected to the Bank

    • CM-5.6.1

      Certain types of exposure are exempt from the 15% exposure limit set out in CM-5.5.4, but prior notification of commitment to such exposures must be made to the CBB and then retrospectively on a quarterly basis using the Form PIR provided in Appendix BR-5.

      Amended: April 2011
      Amended: January 2011
      October 2007

    • CM-5.6.2

      These exemptions fall into the following categories and are subject, in each case, to the policy statement as agreed with the CBB:

      (a) Short term (i.e. up to three months original maturity) interbank exposures to parties not connected to the reporting bank;
      (b) Exposures to GCC governments, and their public sector entities that do not operate on a commercial basis, as set out in the guidelines to the PIR (see Module CA) where such bodies are not connected to the reporting bank;
      (c) Exposures to OECD central governments or exposures secured by OECD central government securities / guarantees;
      (d) Exposures secured by cash or GCC government securities/guarantees;
      (e) Specific connected short-term exposures agreed with and approved in advance by the CBB, in particular those arising from a group Treasury function (see Paragraph CM-5.6.5);
      (f) Pre-notified exposures which are covered by a guarantee from the bank's parent (see Paragraphs CM-5.6.7 to CM-5.6.10); and
      (g) Sukuk or other securities issued or guaranteed by the Islamic Development Bank or any of its subsidiaries.
      Amended: January 2015
      Amended: January 2011
      October 2007