Aggregate Financial Exposure (Insurance Companies) Regulations (SOR/2001-364)

A + B + C - D

where

A

is the book value of all investments by the company and its subsidiaries in securities of the related party;

B

is the total of the principal amounts of all outstanding loans to the related party that are held by the company and its subsidiaries, other than

• (a) loans referred to in paragraph 525(a) of the Act, and

• (b) deposits made for clearing purposes with a financial institution that is a direct clearer or a member of a clearing group under the by-laws of the Canadian Payments Association;

C

is the total of all outstanding amounts in respect of endorsements, acceptances or guarantees by the company and its subsidiaries on behalf of the related party, other than guarantees referred to in paragraph 525(a) of the Act; and

D

is the total of all amounts included in the value of A, B and C in respect of transactions referred to in section 522 of the Act.