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  • Exposures to Central Counterparties

    • CM-2.3.37

      Exposures to qualified central counterparties (‘QCCPs’) related to clearing activities are exempted from the requirements of this Chapter.

      Added: June 2022

    • CM-2.3.38

      In the case of non-QCCPs, Bahraini Islamic bank licensees must measure their exposure as a sum of both the clearing exposures described in Paragraph CM-2.3.40 and the non-clearing exposures described in Paragraph CM-2.3.43 and must respect the general large exposure limit of 15 percent of Total consolidated capital.

      Added: June 2022

    • CM-2.3.39

      The concept of closely related counterparties referred to in CM-2.5.4 does not apply in the context of exposures to centralised counterparties (‘CCPs’) that are specifically related to clearing activities.

      Added: June 2022