CM-2.6.2
These exemptions fall into the following categories and are subject, in each case, to the policy statement:
(a) Short term interbank exposures, with original maturities of 3 months or less to parties not connected to the reporting licensee ;
(b) Exposures to GCC governments and their public sector entities that are not connected to the reporting licensee and do not operate on a commercial basis, as set out in the guidelines to the PIRI (see Module CA).
(c) Exposures secured by cash or GCC government securities or guarantees;
(d) Exposures to central governments who are members of the Organisation for Economic Cooperation and Development (‘OECD’) or exposures secured by OECD central government securities /guarantees;
(e) Pre-notified exposures which are covered by a guarantee from the licensee’s parent (see Paragraphs CM-2.6.9 to CM-2.6.12); and
(f) Sukuk or other Shari’a compliant securities issued or exposure to / exposure guaranteed by the Islamic Development Bank or any of its subsidiaries and other multilateral development banks, such as IMF, World Bank, Arab Monetary Fund, Asian Development Bank, African Development Bank, European Bank of Reconstruction and Development.
Amended: October 2022
Added: June 2022
Added: June 2022