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+Article 106 1. |
Article 106 1.An internal hedge shall in particular meet the following requirements:
(a)
it shall not be primarily intended to avoid or reduce own funds requirements;
(b)
it shall be properly documented and subject to particular internal approval and audit procedures;
(c)
it shall be dealt with at market conditions;
(d)
the market risk that is generated by the internal hedge shall be dynamically managed in the trading book within the authorised limits;
(e)
it shall be carefully monitored in accordance with adequate procedures. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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