Banks must establish and maintain effective risk management and control processes over its DCCs and DSAs, including:
- Appropriate recognition and financial reporting of income, expenses, assets, and liabilities
- Appropriate treatment of losses associated with these products
- Assessment of the adequacy of its internal controls and risk mitigation activities
- Before entering into a contract, the bank must obtain the customer's written affirmative election to enter into the contract and written acknowledgement of the receipt of the disclosures