PRU A4.6.8

Past version: effective from 21/10/2015 - 20/10/2015
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An Authorised Person must calculate the Credit RWA in accordance with the table in Rule A4.6.11 for free delivery transactions in both the Trading and Non-Trading Book where it has:

(a) delivered Securities or commodities before receiving payment;
(b) paid for Securities or commodities before receiving the items purchased; or
(c) entered into a foreign exchange contract undertaken in the spot market or contracted for forward settlement and has released funds to its Counterparty but has not yet received the funds in the other currency.