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  1. Point in time
    2024-12-19

Article 2 Definitions

For the purpose of this Regulation the following definitions shall apply:

  1. (a)

    "valuation position" means a financial instrument or commodity or portfolio of financial instruments or commodities held in both trading and non-trading books, which are measured at fair value;

  2. (b)

    "valuation input" means a market observable or non-observable parameter or matrix of parameters that influences the fair value of a valuation position;

  3. (c)

    "valuation exposure" means the amount of a valuation position which is sensitive to the movement in a valuation input.