CA-15.4.1
For the purpose of the leverage ratio measure, bilateral netting is allowed subject to the following conditions:
(a) Bahraini conventional bank licensees may net transactions subject to novation under which any obligation between a bank and its counterparty to deliver a given currency on a given value date is automatically amalgamated with all other obligations for the same currency and value date, legally substituting one single amount for the previous gross obligations; or
(b) Bahraini conventional bank licensees may also net transactions subject to any legally valid form of bilateral netting not covered in (a), including other forms of novation.
Added: October 2018