Chapter:	581C	Title:	DEPOSIT PROTECTION SCHEME (ASSET MAINTENANCE) RULES	Gazette Number:	L.N. 247 of 2006
Section:	4	Heading:	Amount of relevant assets in Hong Kong	Version Date:	15/01/2007

(1) For the purposes of these Rules, the amount of a relevant asset maintained in Hong Kong by a Scheme member at a particular time is calculated by deducting from the relevant value of the asset at that time an amount equal to the relevant percentage of that relevant value.
(2) For the purposes of this section—

(a) the relevant value of a relevant asset at a particular time is, subject to paragraphs (b) and (c), the market value, or the book value, of the asset, as set out in column 3 of the Schedule opposite the description of the asset, at that time;
(b) the relevant value of a relevant asset described in item 3 of the Schedule at a particular time is calculated by using the following formula—
A + B - C
where—
A represents the aggregate of the value, at that time, of each of the claims of the Scheme member on the Exchange Fund that are marketable debt securities;
B represents the book value, at that time, of the claims of the Scheme member on the Exchange Fund that are not marketable debt securities;
C represents the book value, at that time, of the liabilities (other than contingent liabilities), whether incurred in or outside Hong Kong, owed by the Scheme member to the Exchange Fund;
(c) the relevant value of a relevant asset described in item 4 of the Schedule at a particular time is calculated by using the following formula—
D + E - F
where—
D represents the aggregate of the value, at that time, of each of the claims of the Scheme member on the authorized institution that are marketable debt securities;
E represents the book value, at that time, of the claims of the Scheme member on the authorized institution that are not marketable debt securities;
F represents the book value, at that time, of the liabilities (other than contingent liabilities), whether incurred in or outside Hong Kong, owed by the Scheme member to the authorized institution.