Medicines and Related Substances Act, 1965
R 385
Banks Act, 1990 (Act No. 94 of 1990)RegulationsRegulations relating to Banks' Financial Instrument TradingChapter 2 : General4. Netting |
| (1) | In the calculation of the net position, positions in derivative instruments shall be treated as positions in the underlying or notional securities. |
| (2) | A bank's investment in its own stock shall be disregarded in the calculation of specific risk. |
| (3) | Netting shall not be allowed between a convertible instrument and an offsetting position in the instrument underlying it, unless the likelihood that a particular convertible instrument may be converted is taken into account or a Capital provision exists to cover any loss that may arise on conversion of the instrument. |
