Regulatory Alerts2008-09-29
South African Reserve Bank Directive 8/2008: Completion of Form BA 320 for Commodities and Foreign Exchange
The South African Reserve Bank issued Directive 8/2008 to resolve reporting ambiguities regarding the calculation of capital requirements for commodities, foreign exchange, and gold on form BA 320. The directive mandates that banks disregard specific column distinctions between trading and banking books for these risk categories, aligning the form's data entry with the aggregated methodologies prescribed in Regulations 28(7)(d) and 28(7)(e). It provides precise instructions for entering capital requirements and position sums on designated lines to ensure consistent and accurate monthly market risk reporting.
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