[As of 8 September 2016 this text has been deleted]

For the purposes of Article 6, the indicators shall be determined as follows:

1. Total exposure

The total exposure shall be the aggregate of total on-balance sheets items and of total derivative and off-balance sheet items, on a consolidated basis, including entities consolidated for accounting purposes but not for risk-based regulatory purposes, less regulatory adjustments.

The total exposure shall follow the accounting measure of exposure (however, using the broader scope of consolidation) subject to the following principles:

- On-balance sheet, non-derivative exposures are included in the exposure measure net of specific provisions and valuation adjustments (for example credit valuation adjustments),

- Netting of loans and deposits shall not be allowed,

- Physical or financial collateral, guarantees or credit risk mitigation purchased shall not reduce on-balance sheet exposures.

On-balance sheet items shall be the aggregate of the following:

(a) counterparty exposure of derivatives contracts;

(b) gross value of securities financing transactions (SFTs);

(c) counterparty exposure of SFTs;