> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# DRC non-sec gross JTD

<Badge color="gray" size="lg">[drc\_sa](../tags/drc-sa)</Badge>

|                 |                                                                                                                                             |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | The instrument’s gross JTD                                                                                                                  |
| **Reference**   | [\[MAR22.11\]](https://www.bis.org/basel_framework/chapter/MAR/22.htm?inforce=20230101\&published=20200327#paragraph_MAR_22_20230101_22_11) |
| **Formula**     | $\displaystyle JtD (long) = max(LGD \cdot notional + PL, 0) \\ JtD (short) = min(LGD \cdot notional + PL, 0)$                               |