1. Each position in commodities or commodity derivatives shall be expressed in terms of the standard unit of measurement. The spot price in each commodity shall be expressed in the reporting currency.
2. Positions in gold or gold derivatives shall be considered as being subject to foreign‑exchange risk and treated according to Annex III or Annex V, as appropriate, for the purpose of calculating market risk.
3. For the purposes of this Annex, positions which are purely stock financing may be excluded from the commodities risk calculation only.
4. The interest‑rate and foreign‑exchange risks not covered by other provisions of this Annex shall be included in the calculation of general risk for traded debt instruments and in the calculation of foreign‑exchange risk.
5. When the short position falls due before the long position, institutions shall also guard against the risk of a shortage of liquidity which may exist in some markets.
6. For the purpose of point 19, the excess o