Positions held with trading intent are those held intentionally 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. It is therefore possible that conventional bank licensees may sometimes not have a trading book as defined above. Nonetheless the conventional bank licensee's strategy and business plan must take account of the requirements of this Chapter in case a conventional bank licensee does take on positions with trading intent.