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  • Aggregate limit on large exposures

    • CM-4.4.1

      A "large exposure" is any exposure whether direct, indirect or funded by restricted investment accounts to a counterparty or a group of closely related counterparties which is greater than, or equal to, 10% of the reporting bank's (consolidated) capital base.

    • CM-4.4.2

      "Capital base" is the adjusted capital base for the purpose of the risk asset ratio calculated in accordance with the PIRI return (see Module BR) (or owner's equity) using the most recent annual consolidated balance sheet, subject to any specific requirements by the Agency.

    • CM-4.4.3

      The aggregate of large exposures (from both on balance sheet and restricted investment accounts) may not exceed 1200% of the bank's (consolidated) capital base whether funded or not funded, i.e. contingent commitments.

    • CM-4.4.4

      However, the aggregate of large exposures from on balance sheet exposures should not exceed 800% of the bank's (consolidated) capital base whether funded or not funded.