This is the value, as at the relevant date, of credit derivatives used for acquiring credit risk exposures other than those classified as direct credit substitutes.This item is reported for capital adequacy purposes and is to be determined in accordance with relevant prudential standards.A sold credit derivative is a credit derivative that has been sold, or written, by an entity. A credit derivative enables the user to transfer the credit risk of an underlying asset from one party, the protection buyer, to another, the protection seller, in isolation from other risks.A direct credit substitute is an irrevocable off-balance sheet obligation that carries the same credit risk as a direct extension of credit, such as an undertaking to make a payment to a third party in the event that a counterparty fails to meet a financial obligation.