Specific risk is defined as the bank's gross equity positions (i.e. the sum of all long equity positions and of all short equity positions), and is calculated for each country or equity market. For each national market in which the bank holds equities, it should sum the market values of its individual net positions as determined in accordance with Section CA-5.2, irrespective of whether they are long or short positions, to produce the overall gross equity position for that market.