Inclusion of assets in RSF calculation

113. When determining its RSF, an Islamic Bank:

(a) must include financial instruments, foreign currencies and commodities for which a purchase order has been executed; but

(b) must not include financial instruments, foreign currencies and commodities for which a sales order has been executed; even if the transactions have not been reflected in the Islamic Bank’s balance- sheet under a settlement-date accounting model. This condition applies only if:

(a) the relevant transactions are not reflected as derivatives or secured financing transactions in the Islamic Bank’s balance-sheet; and

(b) the effects of the transactions will be reflected in the Islamic Bank’s balance-sheet when settled.