Article R214-30 of the French Monetary and Financial Code
The UCITS ensures that its overall risk linked to financial contracts does not exceed the total net value of its portfolio. The overall risk is calculated taking into account the current value of the underlying assets, the counterparty risk, future market trends and the time available to liquidate positions. For feeder UCITS, this calculation also takes into account the overall risk of the master UCITS in relation to financial contracts….