Banks must calculate an EL as PD x LGD for corporate, sovereign, bank, and retail exposures both not in default and not treated as hedged exposures under the double default treatment. For corporate, sovereign, bank, and retail exposures that are in default, banks must use their best estimate of expected loss as defined in paragraph CA-5.8.82 and banks on the foundation approach must use the CBB's LGD. For SL exposures subject to the supervisory slotting criteria EL is calculated as described in paragraphs CA-5.7.4 and CA-5.7.5. For equity exposures subject to the PD/LGD approach, the EL is calculated as PD x LGD unless paragraphs CA-5.5.13 to CA-5.5.16 apply. Securitisation exposures do not contribute to the EL amount, as set out in paragraph CA-6.4.4. For all other exposures, including hedged exposures under the double default treatment, the EL is zero.