Article 279
Treatment of Collateral
For the determination of risk positions, institutions shall treat collateral as follows:
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(a) |
collateral received from a counterparty shall be treated as a claim on the counterparty under a derivative contract (long position) that is due on the day the determination is made; |
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(b) |
collateral it has posted with the counterparty shall be treated as an obligation to the counterparty (short position) that is due on the day the determination is made. |