Division (a) Maturity ladder approachF1

United Kingdom Repealed

1. 13The institution shall use a separate maturity ladder in line with Table 1 for each commodity. All positions in that commodity and all positions which are regarded as positions in the same commodity pursuant to point 7 shall be assigned to the appropriate maturity bands. Physical stocks shall be assigned to the first maturity band.
2. 14Competent authorities may allow positions which are, or are regarded pursuant to point 7 as, positions in the same commodity to be offset and assigned to the appropriate maturity bands on a net basis for the following:
3. 15Division 15
4. 16Division 16
5. 17The institution's capital requirement for each commodity shall be calculated on the basis of the relevant maturity ladder as the sum of the following:
6. 18Division 18