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PRU A10.4.14

An Authorised Person may measure SFTs with a single Counterparty net when calculating the NSFR where the following conditions are met:

(a) an eligible bilateral netting contract must be in place between the Authorised Person and the Counterparty that is binding on the Authorised Person and the Counterparty and that is legally enforceable in all relevant jurisdictions;
(b) that contract is a qualified financial contract as specified in the ADGM Insolvency Regulations and meets the conditions specified in Part 7, Chapter 2 therein; and
(c) the Authorised Person meets the disclosure requirements for the NSFR as specified in App12.