‹ CA-12.4 Simplified Approach CA-12.4.2 › CA-12.4.1 By the simplified approach, the capital charge of 15% of the net position, long or short, in each commodity is applied to capture directional risk. Net positions in commodities are calculated as explained in Section CA-12.2. January 2015 ‹ CA-12.4 Simplified Approach CA-12.4.2 ›