credit risk mitigation

153

1. (1) (in GENPRU (except in GENPRU 3) and BIPRU (except in BIPRU 12)) 230a technique used by an undertaking to reduce the credit risk associated with an exposure or exposures which the undertaking continues to hold.

[Note: article 4(30) of the Banking Consolidation Directive (Definitions)]230

1. (2) (except in (1)) has the meaning in article 4(1)(58) of the UK CRR230.