+Article 360 Simplified approach
---+Article 360 1.
---+Article 360 2.

Article 360 Simplified approach

1. Overview

,
Article 360 1.

The institution's own funds requirement for each commodity shall be calculated as the sum of the following:

(a) 

15 % of the net position, long or short, multiplied by the spot price for the commodity;

(b) 

3 % of the gross position, long plus short, multiplied by the spot price for the commodity.
Article 360 2.
The institution's overall own funds requirement for commodities risk shall be calculated as the sum of the own funds requirements calculated for each commodity in accordance with paragraph 1.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards