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2024-11-02

exposure

(1) (in relation to a firm but subject to (2) and 101(6)101) the maximum loss which the firm might suffer if:
1. (a) a counterparty or a group of connected counterparties fail to meet their obligations; or
2. (b) it realises assets or off-balance sheet positions
(2) [deleted]156 137 75 75 101

(3) [deleted]156
(4) [deleted]156 137
(5) [deleted]156 137 137
(6) (in MIPRU) an asset or liability.101

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