(b) Simplified approach

Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast) · European Union

The institution's capital requirement for each commodity shall be calculated as the sum of: 15 % of the net position, long or short, multiplied by the spot price for the commodity; and 3 % of the gross position, long plus short, multiplied by the spot price for the commodity. The institution's overall capital requirement for commodities risk shall be calculated as the sum of the capital requirements calculated for each commodity according to point 19.

← anx_IV__cpt_1__cpt_1__point_18__text_1 · All articles · 19. →

Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.