CM-5.6.2.B

Past version: Effective from 01 Jan 2011 to 31 Dec 2011
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A bank may not incur an exposure which arises when a bank enters into a legally binding commitment to underwrite a securities issue or to provide a syndicated loan for another party not connected to the bank, which exceeds 15% of the bank's consolidated capital base without the prior written approval of the CBB. The maximum level of such exposures per counterparty that the CBB may approve must not exceed 30% of the concerned bank's consolidated capital base during the three month period.

Added: January 2011