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  5. Point in time
    2024-07-29

credit enhancement

      1. (1) [deleted]260230173230
      1. (2) (in MIPRU) a contractual arrangement which improves the credit quality of a securitisation position in relation to what it would have been if the enhancement had not been provided, including the enhancement provided by more junior tranches in the securitisation and other types of credit protection.173