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originator

  1. 61
    1. (1) (in GENPRU (except GENPRU 3), MIPRU71 and BIPRU (except BIPRU 12)) 96in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) either of the following:
      1. (a) an entity which, either itself or through related entities, directly or indirectly, was involved in the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposures being securitised; or
      2. (b) an entity which purchases a third party's exposures onto its balance sheet and then securitises them.
      3. [Note: article 4(41) of the Banking Consolidation Directive (Definitions)]96
    2. (2) (except in (1)) has the meaning in article 4(1)(13) of the UK CRR96.