Past version: effective from 21/10/2015 - 20/10/2015
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An Authorised Person must use either the FCSA or the FCCA to recognise the effect of eligible financial Collateral for any SFT in the Non-Trading Book. The Authorised Person must apply the chosen approach consistently to the entire Non-Trading Book and must not use a combination of both approaches. For a pre-settlement Counterparty Exposure arising from any SFT in the Trading Book, an Authorised Person must only use the FCCA to recognise the effect of eligible financial Collateral.