CA-5.5.13
Positions of a structural nature (i.e. non-dealing), may be excluded from the calculation of the net open currency positions. These may include:
(a) Positions taken deliberately in order to hedge, partially or totally, against the adverse effects of exchange rate movements on the bank's CAR;
(b) Positions related to items that are deducted from the bank's capital when calculating its capital base in accordance with the rules and guidelines in this Module, such as investments in non-consolidated subsidiaries; and
(c) Retained profits held for payout to parent, where the profits are held in the currency concerned.
Amended: October 2013
Apr 08
Apr 08