S.B.5: Counterparty Netting
Refers to the value of offsetting of payables and receivables with a single counterparty permissible under section 102 of the LRM Standards that are otherwise reported on a gross basis for the purpose of the FR 2052a. This offsetting value must be represented as a negative number and reported twice to reflect the adjustments to both asset and liability values. For Category I firms, this product must be reported for each as-of date according to the Frequency and Timing of Data Submission section of the General Instructions.