Related provisions for BIPRU 5.6.14

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BIPRU 5.6.13GRP
A firm that wishes to use the master netting agreement internal models approach will need to apply to the appropriate regulator for a master netting agreement internal models approach permission. BIPRU 1.3 sets out the requirements and procedures relating to those applications.
BIPRU 5.6.15GRP
A firm which has been granted a VaR modelwaiver will still need to make an application to the appropriate regulator for a master netting agreement internal models approach permission. However, the application should generally be straightforward as a firm which is able to satisfy the requirements for a VaR modelwaiver should usually also be able to satisfy the requirements for a master netting agreement internal models approach permission.[Note: BCD Annex VIII Part 3 point 14]
BIPRU 5.6.17RRP
A firm may also use the internal model used for the master netting agreement internal models approach1 for margin lending transactions if the transactions are covered under the firm'smaster netting agreement internal models approach permission and the transactions are covered by a bilateral master netting agreement that meets the requirements set out in BIPRU 13.7.[Note: BCD Annex VIII Part 3 point 12 (part)]