Other Accounting And Financial Disclosures Financial Risk Exposures Counterparty Connection Text A connection is the relationship between two counterparties in a group of connected counterparties. A connection can be any of the following: a control relationship; an economic interdependence relationship; both control and economic interdependence; other connections or relationships; or a third party additional risk factor. Financial Risk Exposures Off Balance Sheet Counterparty Amount This is the value of off-balance sheet exposures. An exposure is the aggregate of all claims, commitments and contingent liabilities arising from on- and off-balance sheet transactions (in both the banking and trading books) with an individual counterparty or group of connected counterparties. Financial Risk Exposures On Balance Sheet Counterparty Amount This is the value of on-balance sheet exposures. An exposure is the aggregate of all claims, commitments and contingent liabilities arising from on- and off-balance sheet transactions (in both the banking and trading books) with an individual counterparty or group of connected counterparties.