CM-5.5.11

Past version: Effective from 01 Jul 2013 to 31 Dec 2014
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Exposure limits for connected counterparties have been set as listed below. Exposures (both on and off-balance sheet) to all connected counterparties listed below, when taken together, may not exceed 25% of (consolidated) capital base. Where such limit has been exceeded with the prior approval of the CBB (see Paragraph CM-5.5.7A), the excess amount must be deducted from the conventional bank licensee's capital base.

Connected Counterparties Individual Limit Aggregate Limit
Shareholders with 'significant ownership (i.e. 10% and above)' 0% 0%
Directors 10% 25%
Associated Companies /Unconsolidated subsidiaries 15% 25%
Total (including management) 25%
Amended: July 2013
Amended: July 2012
Amended: January 2011
October 2007