Banks Act, 1990 (Act No. 94 of 1990)RegulationsRegulations relating to Banks' Financial Instrument TradingChapter 5 : Counterparty Risk20. Exceptions |
A bank shall hold sufficient capital in order to meet the counterparty-risk requirement except when:
| (1) | Specific provision made against a counterparty balance may reduce the counterparty exposure on which the requirement is calculated, up to the extent of such provision; and |
| (2) | amounts are due to, or owed by, connected persons. |