Back Custom print Link Text Only Rich Text Print

  • Exempt Exposures to Parties not Connected to the Bank

    • CM-4.5.1

      Certain types of exposure are exempt from the limits set out above in CM 4.4.5, 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-4.5.2

      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 3 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 with the CBB, in particular those arising from a group treasury function (see Paragraph CM-4.5.6);
      (f) Pre-notified exposures which are covered by a guarantee from the bank's parent (see Paragraph CM-4.5.7 to CM-4.5.10);
      (g) Sukuk or other securities issued or guaranteed by the Islamic Development Bank (IDB) and any of its subsidiaries;
      Amended: January 2015
      Amended: January 2011
      Added: April 2008