EquitiesEquities

Equities

For options with equity instruments as the underlying, the delta-equivalent position must be incorporated in Table 3 in the appropriate column as part of a gross position for specific risk depending on whether the underlying instrument attracts an 8 per cent or 2 per cent specific risk charge. The delta-equivalent position must also be included in column 4 Net positions for general market risk of Table 3. The specific risk and general market risk treatment should be in accordance with the instructions for Table 3.