18.Any bank with aggregate notional amount of covered transactions less than or equal to AED 400 billion may choose to set the bank's CVA RWA equal to its RWA for counterparty credit risk as computed under the CCR Standard. If the bank chooses this approach, it must be applied to all of the bank's covered transactions. In addition, a bank adopting this simple approach may not recognize the risk-reducing effects of CVA hedges. A bank meeting the requirements for using the Simple Alternative may choose to use either the Simple Alternative or the general CVA requirements, and may change that choice at any time with the approval of the Central Bank.