Final answer:
A branch's maximum exposure on OX's refers to the maximum amount of risk that the branch is exposed to in terms of outstanding loans and credit facilities. It is an important risk management measure for banks.
Step-by-step explanation:
In the context of banking, a branch's maximum exposure on OX's refers to the maximum amount of risk that the branch is exposed to in terms of outstanding loans and credit facilities.
For example, if a branch has a maximum exposure of $10 million on OX's, it means that the total amount of loans and credit facilities extended by the branch cannot exceed $10 million.
This is an important risk management measure that helps banks control their exposure to potential losses.