Example: tourism industry
FOCUS Report Part II instructions - SEC
“Open contractual commitment” is defined in 17 CFR 240.15c3-1. “Current net exposure” is defined as the net replacement value minus the fair market value of collateral collected that may be applied under applicable rules (e.g., taking into account haircuts to the fair market value of the collateral required under applicable rules).
Download FOCUS Report Part II instructions - SEC
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