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# Correlation r_hc

<table><tr><th>Description</th><td>The supervisory prescribed correlation between the credit spread of counterparty c and the credit spread of a single-name hedge h of counterparty c.</td></tr><tr><th>Reference</th><td><a href="https://www.bis.org/basel_framework/chapter/MAR/50.htm?inforce=20230101&published=20200708#paragraph_MAR_50_20230101_50_23">\[MAR50.23]</a></td></tr><tr><th>Notation</th><td>$r_{hc}$</td></tr></table>

To display correlations, combine the measure with hierarchies [\[Risk\].\[CVACounterpartyId\]](./risk.cvacounterpartyid) and [\[TradePosition\].\[ReferenceName\]](./tradeposition.referencename).

## See also

* [Discount Factor Hedge](./discount-factor-hedge)
* [HMA](./hma)
* [Hedge Notional](./hedge-notional)
* [Hedge Remaining Maturity](./hedge-remaining-maturity)