Protection amount

Protection amount (P) means, with respect to an exposure hedged by an eligible guarantee or eligible credit derivative, the effective notional amount of the guarantee or credit derivative, reduced to reflect any currency mismatch, maturity mismatch, or lack of restructuring coverage (as provided in 324.36 or 324.134, as appropriate).


12 CFR § 324.2

Scoping language

As used in this part:

Is this correct? or