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  • Example of the Calculation of the Foreign Exchange Overall Net Open Position and the Capital Charge

    • CA-11.5.3

      GBP EURO CA$ 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
      January 2015