CHAPTER I

GENERAL PROVISIONS

Definitions
Article 2
For the purpose of this Regulation the following definitions shall apply:
1. ‘valuation position’ means a financial instrument or commodity or portfolio of financial instruments or commodities held in both trading and non-trading books, which are measured at fair value;
2. ‘valuation input’ means a market observable or non-observable parameter or matrix of parameters that influences the fair value of a valuation position;
3. ‘valuation exposure’ means the amount of a valuation position which is sensitive to the movement in a valuation input.