Versions

 

PRU A10.4.10

In calculating the Required Stable Funding, an Authorised Person must, subject to (b) and (c):

(a) (i) include financial instruments, foreign currencies and commodities for which a purchase order has been executed; and
(ii) exclude financial instruments, foreign currencies and commodities for which a sales order has been executed.
(b) (i) The effects of such transactions must be reflected in the balance sheet of the Authorised Person when settled; and
(ii) such transactions must not be reflected as derivatives or secured financing transactions in the balance sheet of the Authorised Person.
(c) This treatment is to be applied whether or not such transactions have been reflected in the balance sheet under a settlement-date accounting model.