CM-4.3 CM-4.3 Identity of counterparty
CM-4.3.1
For the purposes of measuring
exposures , the counterparty will generally be the customer receiving the funds, the person guaranteed, and the issuer of a security in the case of a security held.CM-4.3.2
Where a third party has provided an explicit unconditional irrevocable guarantee, and subject to the guaranteed bank's policy statement not stating otherwise, the guaranteed bank may be permitted to report the exposure as being to the guarantor, rather than the person guaranteed.
