Related provisions for INSPRU 3.2.29

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INSPRU 3.2.14RRP
A firm must cover an obligation to transfer assets or pay monetary amounts that arises from:(1) a derivative or quasi-derivative; or(2) a contract (other than a contract of insurance) for the purchase, sale or exchange of assets.
INSPRU 3.2.15RRP
An obligation to transfer assets or pay monetary amounts (see INSPRU 3.2.14 R) must be covered:(1) by assets, a liability or a provision (see INSPRU 3.2.16 R to INSPRU 3.2.24 R); or(2) by an offsetting transaction (see INSPRU 3.2.25 R to INSPRU 3.2.27 R).
INSPRU 3.2.19GRP
Where a firm partially covers a derivative (or other contract falling within INSPRU 3.2.14R (1) and INSPRU 3.2.14R (2)), the firm may split the derivative into a covered portion and an uncovered portion. The portion of the derivative that is covered (after taking into account the requirement to cover reasonably foreseeable adverse variations in INSPRU 3.2.17R (1)) is an approved derivative, provided it also meets the requirements in INSPRU 3.2.5R (1) and INSPRU 3.2.5R (3); the
INSPRU 3.2.24RRP
Cover used for one transaction must not be used for cover in respect of another transaction or any other agreement to acquire, or dispose of, assets or to pay or repay money.