Close-out netting and G-SII ALRB: Difference between pages

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A special form of netting that occurs following some predefined event such as default.
''Bank supervision - leverage - UK''.


Close-out netting is intended to reduce exposures on open contracts if one party meets certain conditions specified by the contract (for example, becomes subject to insolvency procedures) before the settlement date.
The additional leverage ratio buffer required by the UK Prudential Regulation Authority (PRA) for global systemically important institutions (G-SIIs).




Also referred to as default netting, open contract netting or replacement contract netting.
This requirement is additional to the leverage ratio.




== See also ==
== See also ==
* [[Netting]]
* [[Basel III]]
* [[Open contract netting]]
* [[Countercyclical buffer]]
* [[Countercyclical leverage ratio buffer]]
* [[G-SII]]
* [[Leverage ratio]]
* [[Prudential Regulation Authority]]

Revision as of 13:49, 30 October 2016

Bank supervision - leverage - UK.

The additional leverage ratio buffer required by the UK Prudential Regulation Authority (PRA) for global systemically important institutions (G-SIIs).


This requirement is additional to the leverage ratio.


See also

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