CA-11.5.2
The table below illustrates the calculation of the overall net open position and the capital charge:
Example of the Calculation of the Foreign Exchange Overall Net Open Position and the Capital Charge
| GBP | EURO | CA$ | US$ | JPY | Gold |
| +100 | +150 | +50 | -180 | -20 | -20 |
| +300 | -200 | 20 | |||
| The capital charge is 8% of the higher of either the sum of the net long currency positions or the sum of the net short positions (i.e. 300) and of the net position in gold (i.e. 20) = 320 x 8% = 25.6 | |||||
Amended: April 2011
Apr 08
Apr 08