+Sub-Section 1 Specific risk
---+Article 335 Cap on the own funds requirement for a net position
---+Article 336 Own funds requirement for non-securitisation debt instruments
------+Article 336 1.
------+Article 336 2.
------+Article 336 3.
------+Article 336 4.
---+Article 337 Own funds requirement for securitisation instruments
------+Article 337 1.
------+Article 337 2.
------+Article 337 3.
------+Article 337 4.
------+Article 337 5.
---+Article 338 Own funds requirement for the correlation trading portfolio
------+Article 338 1.
------+Article 338 2.

Sub-Section 1 Specific risk

Sub-Section 1 Specific risk

1. Overview

,
Summary Regulation
Article 335 Cap on the own funds requirement for a net position

Article 335

Cap on the own funds requirement for a net position

The institution may cap the own funds requirement for specific risk of a net position in a debt instrument at the maximum possible default-risk related loss. For a short position, that limit may be calculated as a change in value due to the instrument or, where relevant, the underlying names immediately becoming default risk-free.

Article 336 Own funds requirement for non-securitisation debt instruments
Article 337 Own funds requirement for securitisation instruments
Article 338 Own funds requirement for the correlation trading portfolio

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement