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# DRC non-sec net JTD short

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

|                 |                                                                                                                                             |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | The short net JTD for non-securitisations                                                                                                   |
| **Variations**  | [netted](./netted), [reported](./reported)                                                                                                  |
| **Reference**   | [\[MAR22.19\]](https://www.bis.org/basel_framework/chapter/MAR/22.htm?inforce=20230101\&published=20200327#paragraph_MAR_22_20230101_22_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)