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exposure

    89

      1. (1) (in relation to a firm but subject to (2) and 101(6)101) the maximum loss which the firm might suffer if:
        1. (a) a counterparty or a group of connected counterparties fail to meet their obligations; or
        1. (b) it realises assets or off-balance sheet positions
      1. (2) [deleted]1561377575101
      1. (3) [deleted]156
      1. (4) [deleted]156137
      1. (5) [deleted]156137137
      1. (6) (in MIPRU) an asset or liability.101