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 person from whom the concerned funds are receivable (in the case of fees and commissions etc.); the counterparty (customer) in the case of credit facilities; the person guaranteed, and the issuer of a security in the case of a security held; or the party with whom a contract was made in the case of a Shari'a compliant derivative contract.Amended: January 2011
October 2007CM-4.3.2
Where a third party has provided an eligible 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 third party guarantor, rather than the person guaranteed (see Chapter CA-4 for full conditions relating to the recognition of guarantees for regulatory purposes).Amended: January 2015
Amended: January 2011
October 2007
