> ## 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.

# HBR

The **[Hedge Benefit Ratio](../../../../../../../cube/drc-non-sec-wts-ratio)** (or "WtS Ratio") is calculated for each bucket according to [MAR22.23](https://www.bis.org/basel_framework/chapter/MAR/22.htm?inforce=20230101\&published=20200327#paragraph_MAR_22_20230101_22_23) from the net long and short JTD values.