CHAPTER I GENERAL PROVISIONS

1. Ħarsa ġenerali

Titlu	Regolamentazzjoni
Article 1 Methodology for calculating Additional Valuation Adjustments (AVAs)	Article 1 Methodology for calculating Additional Valuation Adjustments (AVAs) Institutions shall calculate the total additional valuation adjustments (‘AVAs’) necessary to adjust the fair values to the prudent value and shall calculate those AVAs quarterly according to the method provided in Chapter 3, unless they meet the conditions for applying the method provided in Chapter 2.
Article 2 Definitions	Article 2 Definitions For the purpose of this Regulation the following definitions shall apply: (a) ‘valuation position’ means a financial instrument or commodity or portfolio of financial instruments or commodities held in both trading and non-trading books, which are measured at fair value; (b) ‘valuation input’ means a market observable or non-observable parameter or matrix of parameters that influences the fair value of a valuation position; (c) ‘valuation exposure’ means the amount of a valuation position which is sensitive to the movement in a valuation input.
Article 3 Sources of market data

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Standards
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