A Bahraini conventional bank licensee acting as agent in a SFT and providing an indemnity or guarantee to a customer or counterparty will be considered eligible for the exceptional treatment set out in paragraph CA-15.3.22 only if the Bahraini conventional bank licensee's exposure to the transaction is limited to the guaranteed difference between the value of the security or cash its customer has lent and the value of the collateral the borrower has provided. In situations where the Bahraini conventional bank licensees is further economically exposed (i.e. beyond the guarantee for the difference) to the underlying security or cash in the transaction,²⁷ a further exposure equal to the full amount of the security or cash must be included in the exposure measure.

²⁷ For example, due to the bank managing collateral received in the bank's name or on its own account rather than on the customer's or borrower's account (e.g. by on-lending or managing unsegregated collateral, cash or securities).