An institution may include in the correlation trading portfolio positions which are neither securitisation positions nor n-th-to-default credit derivatives but which hedge other positions of that portfolio, provided that a liquid two-way market as described in the last subparagraph of paragraph 1 exists for the instrument or its underlyings.
Institucija lahko v trgovalni portfelj s korelacijo vključi pozicije, ki niso pozicije v listinjenju ali kreditni izvedeni finančni instrumenti na podlagi n-tega neplačila, vendar se z njimi varujejo druge pozicije zadevnega portfelja, če za instrument ali njegovo osnovo obstaja likvidni dvosmerni trg, kot je opisan v zadnjem pododstavku odstavka 1.