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Repealed by LN. 2013/198 as from 1.1.2014 - page 49 / 94

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Financial Services (Investment and Fiduciary Services)

FINANCIAL SERVICES (CAPITAL ADEQUACY OF INVESTMENT

FIRMS) REGULATIONS 2007 20. The investment firm shall compute the totals of the unmatched weighted long positions for the bands included in each of the zones in Table 2 in order to derive the unmatched weighted long position for each zone. Similarly, the sum of the unmatched weighted short positions for each band in a particular zone shall be summed to compute the unmatched weighted short position for that zone. That part of the unmatched weighted long position for a given zone that is matched by the unmatched weighted short position for the same zone shall be the matched weighted position for that zone. That part of the unmatched weighted long or unmatched weighted short position for a zone that cannot be thus matched shall be the unmatched weighted position for that zone.

Table 2

0 1 month

0 1 month

0.00

--

> 1 3 months

>1 3 months

0.20

1.00

> 3 6 months

> 3 6 months

0.40

1.00

> 6 12 months

> 6 12 months

0.70

1.00

> 1 2 years

> 1.0 1.9 years

1.25

0.90

> 2 3 years

> 1.9 2.8 years

1.75

0.80

> 3 4 years

> 2.8 3.6 years

2.25

0.75

> 4 5 years

> 3.6 4.3 years

2.75

0.75

> 5 7 years

> 4.3 5.7 years

3.25

0.70

> 7 10 years

> 5.7 7.3 years

3.75

0.65

> 10 15 years

> 7.3 9.3 years

4.50

0.60

> 15 20 years

> 9.3 10.6 years

5.25

0.60

> 20 years

> 10.6 12.0 years

6.00

0.60

> 12.0 20.0 years

8.00

0.60

> 20 years

12.50

0.60

Zone

One

Two

Three

Coupon of 3 % or

Coupon of less than

more

3%

21. The amount of the unmatched weighted long (short) position in zone one which is matched by the unmatched weighted short (long) position in zone two shall then be computed. This shall be referred to in paragraph 25 as

© Government of Gibraltar (www.gibraltarlaws.gov.gi)

Maturity band

Weighting (in %)

Assumed interest rate change (in %)

1989-47

Repealed Subsidiary 2007/002

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