Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 27 June 2019 - 27 June 2021
  Version 5 of 6  

Article 390 Calculation of the exposure value

1. Exposures arising from the items referred to in Annex II shall be calculated in accordance with one of the methods set out in Part Three, Title II, Chapter 6.

2. Institutions with a permission to use the Internal Model Method in accordance with Article 283 may use the Internal Model Method for calculating the exposure value for repurchase transactions, securities or commodities lending or borrowing transactions, margin lending transactions and long settlement transactions.

3. The institutions that calculate the own funds requirements for their trading-book business in accordance with Part Three, Title IV, Chapter 2, Article 299 and Part Three, Title V and, as appropriate, with Part Three, Title IV, Chapter 5, shall calculate the exposures to individual clients which arise on the trading book by adding together the following items:

(a) the positive excess of an institution's long positions over its short positions in all the financial instruments issued by the client in question, the