CM-4.5.9
Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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Under the terms of this Module, such indirect exposures to a parent bank may be exempt from the limits on large exposures if the Central Bank is satisfied that:
(a) such exposures are entered into within the terms of a policy agreed by the parent bank, and
(b) there are guarantees in place from the parent bank to protect the subsidiary should the exposure become non-performing or require to be written off.
October 07