equity PRR

34the part of the market risk capital requirement calculated in accordance with BIPRU 7.3 (Equity PRR and basic interest rate PRR for equity derivatives) but so that:

1. (a) the equity PRR excludes the part of the market risk capital requirement calculated under BIPRU 7.3.45 R (Basic interest rate PRR for equity derivatives); and
1. (b) in relation to a particular position, it means the portion of the overall equity PRR attributable to that position.