Investment in the national bank's or Federal savings association's own capital instrument
Investment in the national bank's or Federal savings association's own capital instrument means a net long position calculated in accordance with 3.22 in the national bank's or Federal savings association's own common stock instrument, own additional tier 1 capital instrument or own tier 2 capital instrument, including direct, indirect, or synthetic exposures to such capital instruments. An investment in the national bank's or Federal savings association's own capital instrument includes any contractual obligation to purchase such capital instrument.