Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Purchase

A bank shall hold sufficient capital in order to meet the counterparty-risk requirement except when:

(1)	Specific provision made against a counterparty balance may reduce the counterparty exposure on which the requirement is calculated, up to the extent of such provision; and

(2)	amounts are due to, or owed by, connected persons.