• CIB 6.8 CIB 6.8 General requirements: valuation adjustments

    • CIB 6.8.1

      A Captive Insurer must establish and maintain procedures for considering valuation reserves. These procedures must be compliant with the requirements set out in this Rule.

    • CIB 6.8.2

      A Captive Insurer using third party valuations, or marking to model, must consider whether valuation reserves are necessary.

    • CIB 6.8.3

      A Captive Insurer must consider the need for establishing reserves for less liquid positions and, on an on-going basis, review their continued appropriateness in accordance with the requirements set out in this Rule. Less liquid positions could arise from both market events and institution-related situations e.g. concentration positions and/or stale positions.