early amortisation provision

1. (1) (in BIPRU) ( in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) a contractual clause which requires, on the occurrence of defined events, investors' positions to be redeemed prior to the originally stated maturity of the securities issued.

[Note: article 100 of the Banking Consolidation Directive (Securitisation of revolving exposures)]

1. (2) (except in (1)) has the meaning in article 242(16) of the UK CRR.