Glossary

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Term Definition Legal instruments

exposure

01/01/2016

 THIS DEFINITION ONLY APPLIES TO THE INSURANCE COMPANY – OVERALL RESOURCES AND VALUATION PART

means the maximum loss which a firm might suffer if:

(1) a counterparty or a group of connected counterparties fail to meet their obligations; or

(2) the firm realises assets or off-balance sheet positions.

 Instruments