CIB 6.4.1

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

For the purpose of these Rules, except where a Rule provides for a different method of recognition or valuation, when a Captive Insurer, upon initial recognition, designates its liabilities as at fair value through profit or loss, it must always adjust any value calculated in accordance with Rule 6.3 by subtracting any unrealised gains or adding back in any unrealised losses which are not attributable to changes in a benchmark interest rate.