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The Net JTD Long/Short measures are calculated from the Scaled Gross JTD (or Gross JTD) according to MAR22.19. For each obligor, the Scaled Gross JTD values are aggregated by seniority ranking, then the offsetting is applied to get the long and short Net JTD. For example, with seniorities Senior>Junior>EquitySenior > Junior > Equity, and aggregate scaled gross JTD values JTDSeniorJTD_{Senior}, JTDJuniorJTD_{Junior}, JTDEquityJTD_{Equity}, we have: Net JTDLong=max⁡(max⁡(max⁡(JTDSenior,0)+JTDJunior,0)+JTDEquity,0)Net\ JTD_{Long} = \max(\max(\max(JTD_{Senior}, 0) + JTD_{Junior}, 0) + JTD_{Equity}, 0) Net JTDShort=min⁡(min⁡(min⁡(JTDEquity,0)+JTDJunior,0)+JTDSenior,0)Net\ JTD_{Short} = \min(\min(\min(JTD_{Equity}, 0) + JTD_{Junior}, 0) + JTD_{Senior}, 0)