EBU Single Rulebook Q&A 29 April 2019 2019_4687 Fulfilment of conditions reported under Article 45(a) CRR for a synthetic holding held in the banking book and with a maturity less than 1 year

Can a Bank calculate the amount of the position subject to FSE thresholds’ mechanism for CET1 capital purposes for a synthetic holding as the net position resulting after offsetting the long position in equity and the short position from the forward sale agreement with a maturity less than 1 year? Reference is made toQ&A 2785.In the case at hand:1.