> ## Documentation Index
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# DRC sec CTP HBR top

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

|                 |                                                                                                                                             |
| --------------- | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description** | The hedge benefit ratio, or Weighted to Short ratio at the top level of the “DRC Sec CTP Bucket” hierarchy                                  |
| **Reference**   | [\[MAR22.44\]](https://www.bis.org/basel_framework/chapter/MAR/22.htm?inforce=20230101\&published=20200327#paragraph_MAR_22_20230101_22_44) |
| **Notation**    | $HBR_{ctp}$                                                                                                                                 |
| **Formula**     | $\displaystyle HBR_{CTP} = \frac{\sum netJtD_{long}}{\sum netJtD_{long} + \sum \|netJtD_{short}\|}$                                         |