Exposure
Past version: Effective from 01 Jan 2011 to 31 Dec 2014
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The components of an "Exposure" are outlined in more detail in Module CM-5.3. In summary, an exposure is the maximum loss which the firm might suffer if:
(a) A counterparty or a group of connected counterparties fail to meet their obligations; or
(b) It realises assets or off-balance sheet positions.
Added: January 2011