Trading positions are defined as those positions of a bank that are held for short -term resale and/or with the intent of benefiting from actual or expected short-term price movements or to lock in arbitrage profits, and may include for example proprietary positions, positions arising from client servicing (e.g. matched principal broking) and market making. Islamic bank licensees must have clearly outlined policies and procedures for including or not including any position in the trading book for purposes of calculating their regulatory capital requirement, to ensure compliance with the criteria for trading book set forth in this section and taking into account the Islamic bank licensee's risk management capabilities and practices. Such policies must be commensurate with the Islamic bank licensee's capabilities and capacities for risk management. The Islamic bank licensee must have well-documented procedures to comply with stated policies, which must be fully documented and subject to periodic internal audit.