DRC non-sec net JTD short

drc_sa


Description	The short net JTD for non-securitisations
Variations	netted, reported
Reference	[MAR22.19]
Formula	$\displaystyle \sum_{i \in Short}netJTD_i$

For each obligor, represented by DRC Obligor for seniorities S1 > S2 > S3 > … > Sn, for example, Senior > Junior > Equity, represented by DRC Seniority let SumSi be the aggregated DRC non-Sec Scaled Gross JTD over the Si seniority (for the obligor), then: DRC non-Sec Net JTD Short = min(min(min( … (min(SumSn, 0) … ) + SumS3, 0) + SumS2, 0) + SumS1, 0)